Has the spring for petroleum resins arrived?

2021-04-22View Original

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Status of petroleum resins: Declining. Products, origins, and prices: C5 in Shandong at 11,500 yuan per ton; C9 in Zhejiang at 7,800 yuan per ton. Overview of the petroleum resins market: Prices of petroleum resins have continued to fall this week, while manufacturers’ inventory levels remain high. The downstream market is still working through previous inventory, and trading activity remains sluggish. Resin manufacturers continue to offer discounts on their products; the market prefers to buy when prices are rising rather than falling, with most people adopting a wait-and-see attitude. It is recommended to wait and see.

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Has the spring for petroleum resins arrived?

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