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[Industry Focus]：International oil prices rose three times! The PC plastic market has frequently refreshed the new low in the year. Is it the right time to bargain?

Read： 258 Time：29months ago Source：

International oil prices rose for three consecutive days.

international oil prices rose for the third day in a row, closing at their highest since mid-June, to questions about the capacity of Saudi Arabia and the United Arab Emirates to increase production and concerns about production disruptions in Ecuador and Libya.
Tuesday (June 28) WTI 2022 settled at US $111.76 per barrel, up US $2.19 or 2.0% from the previous trading day. London Intercontinental Exchange Brent crude oil settled at US $117.98 per barrel for August 2022, up US $2.89 or 2.5% from the previous trading day.
Yesterday, domestic crude oil futures were boosted by a sharp rebound of 5%, driving downstream commodities to close up.

Overall, oil prices were boosted by the decline in production, and G7 agreed to study setting a price cap for Russian oil. Oil prices maintained a long tone. Oil prices paid attention to OPEC meetings during the day, especially EIA data. This EIA will release data for two consecutive weeks, requiring special attention. It is expected that oil prices will increase short-term or volatility.

The plastic market frequently refreshed new lows in the year.

Oil prices have risen, but the price of plastics every day in the year to a new low, the current market has entered an irrational killing stage.
the domestic PC market price weakness continued, the overall decline is still large. Last weekend, the latest ex-factory price of a foreign brand dropped by 1500 yuan/ton. At the beginning of the week, the ex-factory price of some domestic PC factories dropped by 300-1000 yuan/ton. The news of other manufacturers remains to be clear. Bisphenol A, a raw material, continues to fall, and the future market is expected to continue to fall. It is difficult to support the cost of PC. Recently, the overall construction of domestic PC factories has remained stable, but the downstream demand has always been difficult to shake, and the market has great resistance to trading, the industry's own supply and demand pressure still exists, and the industry continues to be pessimistic and bearish. It is expected that the weak pattern of the domestic PC market will not change in the short term. The 2805 price of Costron in South China is 17400 yuan/ton.
In view of the current overall disk instability, for the more stable mentality of plastic friends, can wait and see, wait for the trend of clarity before operation;
Source: Zhuochuang Plastics, pc Polycarbonate Industry Chain, Plasticization Alliance

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[Industry Focus]：International oil prices rose three times! The PC plastic market has frequently refreshed the new low in the year. Is it the right time to bargain?