Bad news:
Since late October, styrene prices began to gradually weaken, it is understood that in November there will be some of the East China market will focus on foreign shipments to Hong Kong, will cause a temporary imbalance between supply and demand,glue stick and then hit the market price. The October oil prices have been too strong on the business of doubt, part of the business inventories lead to empty pre-sales Huo, you want to properly cover their short positions but was blocked by high prices, businesses Trader difficult, so I hope there is a reasonable oil price pullback phase.
Good news:
October, the weak dollar affects the nerves of global capital markets, U.S. dollar assets are released from the mobility of goods began to blow bubbles, and many speculators in order to avoid risks, have the money instead to invest in commodity markets, coupled with global various economic indicators have improved, the world economy has shown signs of recovery, leading to October all the way Biao high international crude oil directly to the plastics market, paving the way to pull up. A series of recently released data show that both Europe and the United States and the developing economies have recovered, such as the United States,glue gun September factory orders rose for the fifth time in six months, orders increased by 0.9%, indicating that the manufacturing sector will drive economic recovery. More than all economists held on November optimistic attitude toward the trend of crude oil.
The other hand, is a common problem of the demand, the State Council issued the information that the first three quarters this year, an increase of 7.7% of GDP, of which the first three quarters increased by 6.1%, 7.9% and 8.9%, to see from this development momentum China can achieve GDP growth this year set target of 8%; and love attention prepared the 106th Canton Fair on October 19 under the sun curtain, it is understood to be a foreign buyers and increase export turnover to achieve double overseas buyers to be a total of 9.2 million, up 11.4% this year, Spring Fair, Autumn Fair last year grew by 5.4%; total export turnover of 15.58 billion U.S. dollars, up 19.6 over the Spring Fair this year %, down 5.3% over last Autumn. Among them, the hardware and tools, transport, construction and decoration materials, electronic and electrical products, growth in both turnover of more than two percent. Data, the current return is clear of foreign orders, with orders down to the colorful, 11 months to the market demand for unlimited imagination space.
Summary:
Based on the above, if further oil price since November pioneer role, coupled with demand for the guard to pick up favorable factors such as scapegoat for the market, 11 there is a different market should be as hard plastic.