Due to the increase in both inventories and poor demand, the market sentiment in the domestic market is sluggish, and businesses are generally more pessimistic about the market outlook. At the moment, the "Jinjiu" ** market ended with a slightly dismal situation, and the "Silver X" trend was not optimistic. In the short term, it is difficult for the external environment to support the ** market, and there is limited room for price increases.
From the overall market point of view, although the domestic market price has recently declined, it is still operating at a high level. At the beginning of this year, the price of ** was about 7,000 yuan (ton price, the same below), and since then, the market price of ** was lifted due to the decrease in the supply of methyl ethyl ketone market. In the first half of the year, prices have risen to 9,500 yuan. After the Mid-Autumn Festival, the buzz market was even more fierce. The price was continuously increased to 10,200 to 10,400 yuan. In mid-September, the price was between 10,200 and 10,400 yuan. By the end of September, the price had been lowered. In October, the domestic ** market continued to decline, petrochemical manufacturers continue to lower prices, market participants are more pessimistic about the market outlook, and downstream manufacturers maintain production on-demand. Up to now, the market price in Jiangsu and Zhejiang is 8800 to 8900 yuan, the market price in Yanshan is 9100 to 9150 yuan, and the market price in South China is 9000 to 9100 yuan. Although the price fell after the National Day holiday, it also rose by 2600 to 3,000 yuan from the beginning of the year.
At the moment, due to the negative effects of the European debt crisis, the global economy has weakened, international oil prices have skyrocketed and plummeted, bulk products have fallen or risen, and capital chains in some regions have tightened significantly. Market participants are mostly bearish on the outlook. Some of the distant cargo arrived in September but were delayed until October due to certain factors. Follow-up port arrivals still need to be followed up. Some market participants considered the arrival of goods to concentrate on the lack of confidence in the market outlook, the operation is obviously cautious.
On the upstream side, due to the lack of obvious improvement in demand, coupled with the lack of clear news guidelines, most ** merchants are more confused about the trend of the market, wait and see in the waiting market to further clarify the market. At present, under bad pressure, the market has not improved, merchants are cautious in receiving goods and have no intention of stocking. In the case of bad lead, it is expected that the market will not be able to improve in the short term.
Looking ahead, although the ** ex-factory prices remained stable, but businesses are pessimistic about the market outlook, the downstream market demand is still constrained by the capital side, coupled with the recent increase in import sources to Hong Kong, inventory pressure has increased. It is expected that the market will continue to decline in the coming period of time.
From the overall market point of view, although the domestic market price has recently declined, it is still operating at a high level. At the beginning of this year, the price of ** was about 7,000 yuan (ton price, the same below), and since then, the market price of ** was lifted due to the decrease in the supply of methyl ethyl ketone market. In the first half of the year, prices have risen to 9,500 yuan. After the Mid-Autumn Festival, the buzz market was even more fierce. The price was continuously increased to 10,200 to 10,400 yuan. In mid-September, the price was between 10,200 and 10,400 yuan. By the end of September, the price had been lowered. In October, the domestic ** market continued to decline, petrochemical manufacturers continue to lower prices, market participants are more pessimistic about the market outlook, and downstream manufacturers maintain production on-demand. Up to now, the market price in Jiangsu and Zhejiang is 8800 to 8900 yuan, the market price in Yanshan is 9100 to 9150 yuan, and the market price in South China is 9000 to 9100 yuan. Although the price fell after the National Day holiday, it also rose by 2600 to 3,000 yuan from the beginning of the year.
At the moment, due to the negative effects of the European debt crisis, the global economy has weakened, international oil prices have skyrocketed and plummeted, bulk products have fallen or risen, and capital chains in some regions have tightened significantly. Market participants are mostly bearish on the outlook. Some of the distant cargo arrived in September but were delayed until October due to certain factors. Follow-up port arrivals still need to be followed up. Some market participants considered the arrival of goods to concentrate on the lack of confidence in the market outlook, the operation is obviously cautious.
On the upstream side, due to the lack of obvious improvement in demand, coupled with the lack of clear news guidelines, most ** merchants are more confused about the trend of the market, wait and see in the waiting market to further clarify the market. At present, under bad pressure, the market has not improved, merchants are cautious in receiving goods and have no intention of stocking. In the case of bad lead, it is expected that the market will not be able to improve in the short term.
Looking ahead, although the ** ex-factory prices remained stable, but businesses are pessimistic about the market outlook, the downstream market demand is still constrained by the capital side, coupled with the recent increase in import sources to Hong Kong, inventory pressure has increased. It is expected that the market will continue to decline in the coming period of time.
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