** High price consolidation

On February 1, domestic petrochemical manufacturers ** quoted a full increase of 200 yuan (ton price, the same below), East China and North China market reference price remained at 8600 yuan. Judging from the market feedback, most people in the industry are still watching and rising, but there are also insiders who say that if you want to continue the upward trend in the later period, you will need good recovery from the downstream post-holiday start-up and good news from the economy. In the short term, there is limited room for the ** high to continue rising.

On the one hand, the downstream industry has not started completely. Even if some companies start operations, the overall operating rate in the country is not high, and some of them have already been stocked before the holiday, so it will not form a peak period for purchase. It is expected that the gradual recovery will be possible at the end of the month. Therefore, the price of ** does not have a strong upward trend in the short term. On the other hand, under the support of Sinopec's quotations and high external disk prices, the ** market will not drop back in the near future. The short- and long-term factors have basically maintained a balance. It is expected that the domestic ** market will maintain a smooth consolidation in early February and wait for further market demand and negotiation after the Lantern Festival.