UPR daily review: strong resin market of raw materials keeps stable operation temporarily
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2020-04-09
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UPR main market today and short term forecast
East China market: the market of unsaturated resin in East China is stable, the main raw material market is volatile, the resin enterprises are stable and wait-and-see, the downstream market just needs to follow up, and the market trading atmosphere is fair.
Fujian market: today's market is stable, with a large increase in raw materials. In the normal execution of downstream orders, the starting load of resin factory is medium.
Short term forecast: the market situation of unsaturated resin is stable. Due to the mild domestic epidemic, the orderly resumption of domestic work, and the recovery of terminal orders, the news that Russia is preparing to reduce production by 1.6 million barrels / day drives the oil price soaring, which provides a certain boost to the low raw material market. Even the raw material market with low innovation rebounds on the low side. The main raw materials are styrene, glycol and diethylene glycol Since this week, the low price has rebounded continuously, which has strengthened the motivation of resin cost support. In addition, some resin enterprises are also purchasing moderately under the low price attraction. At present, most of them are guided by the direction of upstream crude oil. The temporary quotation of resin mainstream enterprises is stable, and the downstream inquiry intention has rebounded.
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Closing of main raw materials today
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Crude oil and raw materials companies closing today
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