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Plastic prices fall endlessly is expected to rebound in early August

Time:2017-02-17

It is understood that the plastic price depends on the rest of the market as a whole by plastic and have been running low. Dull sale plus the late supply increases, most market participants showed concern to plastic market situation this year. Analysts sha-ron thinks, plastic market there is a stock inventory will be in early August, which will stimulate plastic futures prices rebound.

Since the second half of last year, about 1.5 million tons of coal chemical plant production, the original plastic market price system by low-cost supply shocks, the surge of coal chemical industry supply has a role in suppressing the plastic prices. At the same time, the last three or four quarters plastic cost of oil prices fell further down. Oil head in polyolefin costs and the cost of the collapse also raise the price of a certain degree of plastic back.