In the third quarter, the positive polyethylene is relatively obvious

Recently, the relevant domestic government departments are emphasizing the promotion of consumption, expansion of investment, while strengthening the financial market, the recent surge in the domestic stock market, the domestic financial market sentiment has begun to heat up. On July 18, the National Development and Reform Commission said that in view of the outstanding problems existing in the current consumption field, policies to restore and expand consumption will be formulated and introduced. On the same day, 13 departments including the Ministry of Commerce jointly issued a notice to promote household consumption. In the third quarter, the favorable support of the polyethylene market was relatively obvious. On the demand side, the shed film reserve orders have been followed up, and the shed film gradually entered the peak season in September, at the same time, the demand for garlic mulch film has been followed up. In addition, the current volume of crude oil continues to remain active, the crude oil market support is strong, there is no obvious downward pressure, at most is the pullback adjustment after the release of sentiment. Therefore, while the fundamentals continue to remain strong, the macro sentiment continues to improve, which also brings further support to the crude oil surface. In addition, according to the historical law, the international oil price will show a gradual recovery trend in the third quarter, and the cost support of polyethylene is more obvious.
In summary, although the current downstream acceptance of high-price supplies is limited, but the film reserve orders have followed up, and in September is about to enter the peak season of domestic demand, it is expected that the domestic PE is still expected to pick up in August to September, it is recommended to pay attention to the specific production of new domestic devices and the actual demand.