From the data of industrial enterprises above the designated size in August, it can be seen that the industrial inventory cycle has switched and started to enter an active replenishment cycle. In the previous stage, passive destocking was initiated, and demand led prices to take the lead. However, the enterprise has not yet responded immediately. After the destocking bottomed out, the enterprise actively follows the improvement of demand and actively replenishes the inventory. At this time, prices are more volatile. At present, the rubber and plastic product manufacturing industry, upstream raw material manufacturing industry, as well as downstream automobile manufacturing and home appliance manufacturing industry, have entered the active replenishment stage. This stage will generally be dominated by fluctuations, which are both active and stable. Its actual performance will be in September when prices hit a high point and fall back. With the sharp decline of crude oil, it is expected that polyolefins will first suppress and then rise in the fourth quarter.
Post time: Oct-18-2023