During the last week, an increase of nearly 50% in the volume of chemical commodities’ trading in the stock exchange was perhaps the most significant one that was hidden on the fringe of unbalanced petrochemical markets.
According to the Plastics Industry Media, the same trade feature that reflects a return to normal market conditions has occurred in a situation where the volume of supply did not change, but the demand grew by 47%. Perhaps this data can limit some of the pessimists to the market, although a closer look at the trading facts suggests that the market still needs a continued high volume of trading irrespective of this positive analysis.
In the event of continuation of favourable market conditions for chemical products, a significant positive impetus for the market for petrochemicals, and in particular polymers, may be recorded.
Of course, until the late December, when most of the majour petrochemical companies return back to their normal production after overhaul period, maybe we may see a vague history of market activity. Though, we should now wait for positive signals from the market for petrochemical products, at the first instance, when the first impulses could be seen. At this stage the market dealers should be optimistic about the prosperity of most markets in the world.
The market for chemical products is one of the majour markets in the petrochemical industry, which aggregates its most important deals on the stock exchange. This market may well be a supplement to the commodity exchange polymer market, which can generally portray the market reality of petrochemicals alongside the polymer market. This important feature means that we need to examine both markets for a thorough review of the petrochemical product market.
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