Bulk market turns weak or continue to callback

wallpapers Industry 2020-12-09

commodity market after three months of continuous rise, this month came to a "brake", the "spring" market suddenly stopped. In June, there will be a decline in the buying mentality of commodities. Although some industries will carry out routine maintenance in June, this is not enough to offset the negative impact of demand narrowing. The market needs consolidation after three consecutive months of rising, and then the operating pressure of traditional industries will increase again. The rebound of

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commodities has weakened. Since the beginning of this year, with the rise of crude oil prices, bulk commodities have ushered in a long-term rebound. The price of Brent crude oil has risen by more than 30% since January 13, and the highest price rise of copper in lunt is more than 16%. Domestic commodities are also rising. But since May, the rebound in commodities has faltered.

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first fell, and the number of commodities rose sharply. In May, 29.31% of the 58 commodities monitored rose and 67.24% fell (51.72% in the previous month and 48.28% in the previous month), and the number of falling commodities rose to nearly 70%. Secondly, the rise and fall of commodities turned negative, with the average rise and fall of - 1.66% in this month and 2.54% in the previous month; Third, the decline of commodities in this month has been significantly deepened. The 58 list shows that the number of commodities with a decline of more than 3% increased to 17, compared with 10% last month, and two commodities, polyester POY and pure benzene, fell by more than 10%. Fan Yanxia, an industry analyst, believes that the main force of May's pullback is mainly in organic chemicals and rubber and plastic products, especially plastic products It was the first to change the wind direction. There are several reasons for the rapid decline of

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Petrochemical commodities. The first reason is the decline of crude oil. Crude oil led the whole commodity market with an increase of 23.07% in April, which contributed to the booming market in April. However, it fell back quickly in May, resulting in the loss of power source for the downstream petrochemical industry chain to continue to rise; Second, the contradiction between supply and demand is highlighted. With the end of centralized maintenance of chemical and plastic enterprises, the supply increases, but the demand begins to turn into the off-season; third, the whole commodity market has risen too fast in recent three months, especially in the plastic sector, which has seen a rational demand for callback; The fourth is the overall environmental impact. According to the official data, the PMI of the manufacturing industry was 50.2% in May. Although the PMI of the manufacturing industry expanded slightly, it was still at a low level historically, and the manufacturing industry was still facing great downward pressure. With all kinds of positive effects, the petrochemical products in the early stage began to restore calm gradually. In April, the chemical industry, rubber and plastics market rose too much and the bubble began to be squeezed out in mid May.

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enter June, and the whole commodity market will usher in the off-season. Driven by the mentality of "buying up but not buying down", the demand will be correspondingly weakened. Although some industries will carry out routine maintenance in June, this is not enough to offset the negative impact of demand narrowing. After three consecutive months of rising, the market has accumulated and needs to rest and consolidate. Liu Xintian, editor in chief, predicts that the commodity market will continue to pull back in June, and the market rise and fall ratio is expected to open in March and July, with an average decline of about 2% - 3%.


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