Views:1 Author:Site Editor Publish Time: 2020-04-27 Origin:Site
The stimulus from the news aspect was faster than that from the fundamental. Downstream players are expected to show strong intention to have bargain hunting when price of polyester industry chain hit historic low. The propel from news sector would directly drive players to replenish, rather than wait for the improvement of the whole industry chain. However, as for the time for buying-the-dip, there are 2 stimulus now. 1. The negotiation of oil producers, and oil price is supposed to have support if production is cut again. 2. The spread of COVID-19 pandemic worldwide turns to be controlled well. Whether the bottom-fishing appeared yesterday was correct or not needed to see the accuracy of the expression of U.S. President Donald Trump and whether the trading price of different products was really low. Based on current status, price may not low, the pandemic has not eased and the Russia and Saudi Arabia do not take action. The whole polyester industrial chain has not improved effectively. What market players worried before has happened, and recovery is only a matter of time.