Shanghai Daoqin Plastics Co., Ltd.

近期随 国 inner 疫情拐点情绪 显现, plastics market is has 改. 石化库存节 rear increase, inner increase speed 放缓甚至出现 reduce trend, meanwhile futures rise 进一步提振 in stock market, lower and material 流逐步复苏, market 近期止跌反 elastic, rear 期 看 market has can 否持续 property toward good.

macro 面 看, 国务院 tariff 税则委员会 already published announcement: 自2020 year 3 month 2 day 起, for related enterprise combined conditions, market and 商业化原则自美 procurement Imported product in 一定期限 inner in add for 美301 measures made tariff. design product main/primary 包括PE, PP, PX, styrene, titanium powder, 乙苯, acrylonitrile and other.

basic 面 看, short 期石化停车 plant/unit increase, meanwhile separation plant/unit 如镇海炼化, 扬子石化, in combined 创, can and other plant/unit decrease negative production 一定程 degree upper understanding supply pressure. currently separation lower 游陆续开始复工, due to material 流运输受限, lower 游复工 comparison slow.

comprehensive inner 出台刺激 policy 一定程 degree upper low market gas 氛. short 期 看, currently 迫于库存 pressure drop negative production 石化库存出现消化, meanwhile lower construction start 逐步恢复, market supply and demand 矛盾缓 understanding, meanwhile price 持续走 low rear lower 游入市 procurement market low formed good 转, 进一步刺激 market trends good 转. short 期随 国 inner good 转, demand has again degree 恢复, currently market overall supply and demand landscape 看, supply still high 位, lower 游实质 property engineering degree let has 待观望, in expected short market trends upper 行空间 has 限, market trends short high rear or 呈区间整理态势.