The volume of polymer trading on commodity exchanges is a reflection of the attractiveness of this market for the second week, and we have seen that during last two days the trading amounts were attractive and, of course, voluminous on the stock exchange.
According to the Plastic Industry Magazine Website, although the trading statistics should be cited on the weekend, but the data available so far indicates that the second week of a boom in the polymer market has stagnated after several weeks.
Higher volume of supplies, lower base prices on stock exchanges, low inventories in the free market, important impulses for the growth of demand in the stock market for the production of polymer products and final products and sales in the final days of the year as well as the return of buyers and acceptance of existing conditions for pricing and the current customary mechanisms are the realities that has resulted to the improvement of the situation.
Getting out of a possible recession means meeting the demands of most market participants. For the current week, the possibility of registering more than 50,000 tons of trades for the stock market of polymers means a boom in the market.
Boosting demands in the stock market for the last two weeks is the most important news on the market, which both supports the growth of trading volumes on the stock exchange and leads to a substantial improvement in market share. This overall condition, of course, means a periodic return to a market boom, even though the continuation of these favorable conditions requires more research.
In the free market, we are seeing price cuts, and more precisely, the trend of lowering rates in the market has accelerated in recent days. These conditions, of course, can be intercepted by the fluctuation of base prices on commodity exchanges, meaning two weeks of falling base rates have led to a significant downward signal to the market, which can be viewed over time.
Of course, for the week ahead, some of the suspicions were about the possibility of a rise in base prices, but at official rates we saw a drop in prices that shook many of the equations. However, the market has faced increasing demand in recent days, which if it would be more than the volume of supply then the commodities have the potential for price increase.
Now, if we figure out the ability of brokers to raise the price rates for the free market of polymers, this will be delayed till early next week.
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