What influences the plastic futures price?
The factors that affect the plastic futures price include the strengthening of financial supervision and environmental protection supervision, the relationship between supply and demand, the RMB exchange rate and the price of crude oil itself. Plastic enterprise is an open enterprise, facing the pressure brought by rising raw materials and the influence of decreasing downstream demand on the overall future. In addition, the influence of policies and RMB exchange rate will also lead to the reduction of its profits.
1 financial supervision and environmental protection supervision mainly affect small and medium-sized plastic enterprises, so the greater the impact on these enterprises in a short time, the higher the plastic futures price.
2 supply and demand, this also really affects the trend of plastic futures.
3 RMB exchange rate changes, because crude oil itself is denominated in dollars, so exchange rate fluctuations will lead to an increase in the cost of buying crude oil. For example, the depreciation of RMB makes crude oil more expensive, while the price of plastic futures rises.
4 the price of oil itself, plastics are extracted from oil, so the price of oil will really affect the price of plastics.
To sum up, these are the main factors that affect the plastic futures price.