Polyolefin market crisis enveloped the world
The recent global economic shrouded in the shadow of the debt crisis of Europe, on the commodity, the more frequent negative. Controlled by Goldman Sachs as the beginning of the curb the impact of crude oil 90 dollars / barrel up the momentum; after the delay associated with Iceland's volcanic flights grounded, the Gulf of Mexico oil spills, such as negative pressure sufficient crude oil inventory, oil shocks down; to the euro-zone debt now crisis intensified, domestic policy control to suppress stock and property markets even worse, crude oil plummeted for several days 75 dollars / barrel in the vicinity. In the shadow of the loss of the domestic demand for agricultural film rigid polyolefin market is more depressed atmosphere, traders mentality suffered a suppressed part of the PE market, panic selling more budding phenomenon.
Normally, the current preliminary cost the hands of traders still supply consumption, imported materials and inversion serious phenomenon did not improve, supported by cost pressures should be mainly to watch and wait for opportunities. But look at the current market, traders are more bearish on the market 5,6, follow the market price of shipping mainly positive so as to avoid deep or market outlook.
Xiaobian that the main reason was to please a bad stock, capacity expansion believe we know too much, and can severely depressed trading volume the past six months, probably years ago, not many traders had expected. Relatively high support in the early consolidation of crude oil, demand for plastic film and rigid policies with a series of petrochemical prices, the society does little stock in 3-4 months consumption. It is reported that Sinopec stocks now, but still at a relatively high position, although by means of appropriate allocation of pressure to reduce its own inventory, but the effect is limited. In late April, with plastic sheeting been completed, and the prices down rapidly and, although subject to cost pressures push prices very concept of trading once the city can plan with the amount of enforcement of petrochemical, downstream demand was not followed up in the case of social inventory accumulated up again. With the previous mentioned some bearish economic level, some traders to cash flow difficulties, market price Paohuo to the phenomenon of large numbers is not surprising.
Downstream, the Xiaobian that in addition to the sharply lower demand in 2009 has produced some of stocking factory, but also linked to the front said the global economic recession to. In which case such as Goldman Sachs, the Gulf of Mexico oil spill incidents like the market has less effect on the polyolefin, while the Greek debt crisis, I believe in the euro area member states and the joint efforts of the International Monetary Fund could be the appropriate solution . Be a series of anti-crisis plan will save the country the same corresponding pushed to the edge of another recession, in particular from the recent U.S. dollar and yen on a political level, the reasons for the rise of view, most likely suffer the fate of Europe will further undermine the global economy core. Decline in world trade, and structural crisis caused by falling profits to promote the implementation of large-scale foreign companies plan to reduce costs; while the other side, China's new labor law, tax increase and more stringent environmental standards and other environmental impacts, the manufacturing cost edge gradually weakened, called severe export situation.
Although the latest economic data in April showed a good momentum of China's economic growth, but in fact, many companies may not have better sense. Mainly due to the gradual decline of the manufacturing sector's profits, while costs are increasing spending, the national economic development and revenue likely to be more dependent on real estate and asset owners to invest heavily in China. The recent series of New Deal housing crunch than last year despite a substantial increase strength, but not the actual effective surface data, such as less good, not to start here. Back to the plastic processing industry of view, unitary structure, the problem of overproduction in the current environment was more serious, especially in the downstream market, polyolefins. It is reported that some of the financially weaker enterprises can not survive this year, showing that the product has been promoting structural adjustment in terms of the current polyolefin market also becomes extremely critical.
I am China Quality Dress writer, reports some information about copper kitchen hood , copper island hood.
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