Why did polypropylene rise so much? 2065438+June 27th, 2006
After Britain left the European Union, oil prices responded, but the market did not fall, but accelerated its rise, mainly benefiting from the rise of petrochemicals and PP futures. At present, petrochemical has a strong support for the market. PP futures are expected to continue the upward trend after breaking through various moving average obstacles, and PP has no worries about falling for the time being. However, the downstream demand has not improved substantially. After the surge, the downstream resistance to PP increased, and the purchase was cautious and the transaction was limited. (Excerpted from the market center looking for plastic nets)