Domestic plastics futures generally showed a trend of first suppression and then rising, and are currently at a high range since the rebound at the end of November. Monday, the main contract of plastic futures 1605 opened at 7,390 yuan / ton, up 140 yuan or 1.9%.
According to industry insiders, the overall improvement of the commodity market atmosphere, the strong resilience of the current price difference, and the slight increase in the import cost of the outer disk have contributed to the recent plastic futures price . Looking ahead to the market, it is expected that the short-term price is expected to continue to maintain a resilience rebound. However, due to the poor fundamentals and the fact that the futures price has been basically discounted, the plastics will continue to fluctuate in the near future.
Let's take a look at the 1601K line graph. 
Plastic 1601
Despite the recent strong performance of plastics, the spot market price fluctuated weakly, demand continued to be flat, and the firm transaction was a single talk. The PE market price in Chongqing market is weak. Linear futures opened higher and oscillated, and the enquiry situation was flat. Traders often accompanied the market to make profits. The terminal demand did not improve, and the trading enthusiasm was not high at the beginning of the week. The PE price in Chengdu market partially declined. Linear futures opened higher in the morning and were affected by the ex-factory price of the southwest of China National Petroleum Corporation. The market trading atmosphere was light and the business mentality was not good. The downstream demand is still not improving, and the transaction just needs to be the main one. At the end of the year, the funds were tight, and the willingness of downstream manufacturers to stock up was low. It was still the mainstream with the purchase and use. The traders were difficult to increase the volume of shipments, which caused a large restriction on the spot price of plastics.
The fundamentals of plastic itself are weakening, and the price is hard to keep rising.
From the perspective of the supply and demand structure of plastic itself, the fundamentals of plastics remain weak. First, on August 26, some petrochemical inventories in the four regions of North China, East China, South China and Central China increased by nearly 20,000 tons compared with August 18, an increase of 37.81%. Secondly, most of the devices that were temporarily shut down due to temporary failures in the domestic market were restarted. The supply of goods has increased to a certain extent, and the overall supply of plastics is still loose.
Under normal circumstances, the increase in cost can only play a role in stabilizing the price of plastics. The rise in plastic prices still needs the support of its own fundamentals. However, the current fundamentals of plastics do not live up to expectations, and plastic prices are unlikely to continue to rise.
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