PLASTIC PRICE RISE AFTER SPRING FESTIVAL

Writer： admin Time：2021-03-03 10:45 Browse：

After the Spring Festival holiday, the plasticizing circle ushered in a general rising market, including general plastic products floating red! With the soaring purchase price of raw materials, "price increase notice", "inquiry before ordering", "a single instrument" and so on have become the hot words in the current circle, many companies opened the immediate inquiry mode, the price from a day to a moment a price!
According to the business association monitoring, the general plastics index rose from 880 to 962 points after the holiday (2.17-23), an increase of 9.35%, the general plastics upward strength is strong. Among them, EPS (+24.50%), PVC (+20.07%) and PE (LDPE+10.50%, LLDPE+9.77%, HDPE+9.07%) have the most obvious increase, occupying the top three, the rest of the plastic products are also generally upward, without exception.

How ever，positive factors are more. First of all, the most notable is crude oil, crude oil during the Spring Festival holiday began to rise sharply, on the one hand, the oil producers accused of producing effect is ideal, in addition, the inventory decline in the United States and China, especially the United States under the influence of the cold weather, refinery starts to fall, refined oil inventories declined significantly, and heating oil demand increase stacking effect good prices. Since February, the WTI has gained 18.14 percent, while Brent has gained 17.15 percent, according to the trade group Monitor. In the crude oil surge led by the rise of plasticizing plate products such as the rise, February 17-24, styrene (+30.86%), butadiene (+20.08%), propylene (+18.50%), ethylene (+10.62%) and other upstream single product increase is large, downstream PS, EPS, PP, PE and other costs to give a strong support, they unified to keep up with the "pace of price rise".
In addition, the recent extreme cold weather in the United States has impacted the operation of local oil refining and related chemical production facilities, and the chemical production has been paralyzed. It is reported that more than 50 oil and chemical plants have been shut down, and giants such as Costron and DuPont have delayed their deliveries for up to 180 days. Chemical leading production slowdown, delivery delays exacerbated the market out of stock concerns, plasticizing the market for many products skyrocketed collectively.