returnalcrashingps5| PE pipe market: Supply expectations increase, price weakening risks increase

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returnalcrashingps5| PE pipe market: Supply expectations increase, price weakening risks increase

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[Affected by increased supply and weak demandreturnalcrashingps5, the PE pipe market is expected to continue to weaken] It was reported on April 25 that the PE pipe market has been mostly consolidated in the near future. The price of East China 100-grade pipes is 8,250 - 8,300 yuan/ton, and the average price is basically the same as last week. However, with the output of pipe pipes from Yan 'an Energy Corporation, Baofeng Energy and Dongming Petrochemical,returnalcrashingps5With the release of the market, the market's low-cost pipe resources have increased, supply expectations have increased, and market support has shown a weakening trend. At the same time, industry insiders revealed that Yantai Wanhua, Zhejiang Petrochemical and other companies plan to switch production to pipe products, further exacerbating market supply pressure. On the demand side, the factory's follow-up on new orders was not smooth, and the intention to prepare goods before the holiday was not strong, which led to a drag on the spot trading market. Based on the above situation, analysts expect that the PE pipe market will continue to be weak and volatile. To sum up, the fundamental support of the PE pipe market is insufficient, and there is strong expectation of a weaker price. Investors need to pay close attention to market dynamics and operate cautiously.