Plastic leads the chemical sector to rebound
Plastic leads the chemical sector to rebound
On March 17, commodity futures were under the guidance of the chemical sector. Among them, plastic rose 1.99 per cent, leading to a rebound in commodities, but the popular variety, zheng alcohol, was down 1.73 per cent in the day, supported by the 20-day daily line. The power coal and coking coal of the energy variety were slightly lower.
Ferrous metals in the metal plate rebounded slightly, while nonferrous metals fell slightly and the overall fluctuation was limited. The agriculture and sideline sectors were also mixed, with both sides rising, palm oil and cotton falling.
On the macro level, from the upside of the dollar's future, industry insiders believe that there are two factors that are driving it into long-term appreciation: the relative effect of the us economic recovery. Second, the contrast between monetary policy.
Iran's nuclear deal with the United States is expected to be reached as scheduled. It is expected that this will help Iran expand its exports, which will increase Iranian oil production and pressure on oil prices. International oil prices have been lower since last week's decline, with lower oil and oil prices.
Due to the weak domestic economy and the adjustment of energy consumption structure, the demand for coal in the lower reaches is still poor, and the high inventory level makes the power group not eager to purchase. In addition, large coal companies have cut prices or reduced prices to a certain extent, adding to the market's wait-and-see atmosphere. Therefore, in the short term, the coal transport in the northern port will continue to weaken, and the coal price is likely to fall further.
Overall, commodities are still subdued by macroeconomic sentiment, and some varieties are influenced by their supply and demand factors or have structured trading opportunities.
