Large in the resistance spot transaction even plastic or callback

by:Lisson     2020-11-10
Even the main plastic high last week blocked after shock, but still keep rising. Spot aspect, the majority of petrochemical prices stabilized, the businessman stable mentality, continue to subject shipment. Weak end demand improvement is not big, purchasing motivation, clinch a deal offer resistance is big, fade effect on futures prices. Plastic downstream still off-season to medium-term plastic with macroscopic technical callback.
PVC to maintain high consolidation, below the cost of supporting strong, descending breakthrough shock interval less likely. PVC downstream improvement is not obvious, crude oil rose to support the possibility of breakthrough pressure above the line also is not big. PVC still shocks, is expected to overall bearish.
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