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Expected to remain low in the short term

Views: 0     Author: Site Editor     Publish Time: 2023-03-31      Origin: Site

Yesterday the market was weak and stable, the atmosphere of negotiation is general, the actual transaction is still possible, as of 3:00 pm East China market closing price in 4050-4060 yuan / ton near.

Raw materials: supply tightening and China and the United States economic outlook to boost demand expectations, foreign time March 30, Europe and the United States oil prices closed up. May WTI: 74.37 up 1.40 or 1.92%; May Brent: 79.27 up 0.99 or 1.26%.

Supply: device, the end of the month, a number of domestic coal chemical plant restart, coupled with imports on the view that the March-April will be raised to more than 560,000 tons of level.

Demand: downstream polyester plant current raw materials about 17.5 days of stock preparation, the purchase will not be strong, so the future of port inventory is difficult to de-stocking.

Forecast: a comprehensive view, the supply is still on the surplus state. Port inventories have not yet seen a significant de-stocking trend. The terminal order situation is poor and the market lacks favorable support. It is expected to maintain a low level of consolidation in the short term.



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