China Drying Network Co., Ltd. Resins continue to rise. Since the beginning of this year, the demand for synthetic resins has been slowly expanding. This trend will continue. The problem of homogeneity of synthetic resins in China is serious, and competition in the middle and low-end markets is fierce. Import pressure from the Middle East is very high. Therefore, although the price of synthetic resin in the future has rebounded, the margin is limited.
The synthetic rubber market has stabilized. In the first half of the year, the overall price of synthetic rubber fluctuated significantly and fell more. In particular, in the second quarter, prices fell sharply. Affected by this, the benefits of the synthetic rubber industry have also declined. Recently, the recovery rate of the auto industry has accelerated, and it is expected that the synthetic rubber market in August and August may stop to stabilize.
It is difficult for the synthetic fiber monolithic market to reverse in the short term. Among the three major synthetic materials, synthetic fiber has the highest degree of dependence on imports, and currently exceeds 40%. Therefore, the domestic market is greatly affected by imported products. On the other hand, China's textile industry relies heavily on the export market. Due to the sluggish world economy, the textile export market has become increasingly difficult. I am afraid that this situation will not be greatly improved in the short term. It is expected that the downturn in the synthetic fiber monomer market will continue.
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