From the demand side, a new round of stock up demand at the end of the month is pending, and some manufacturers' stock up at the beginning of the month has basically been consumed. However, due to the sluggish terminal demand, the downstream is always not optimistic about the pull-up, so each round of stock up points need to be stimulated by low prices. At present, all manufacturers have entered the bidding, and the low point may appear in the past two days, because the midstream and downstream of the planned stock up are also rubbing their hands and waiting for the opportunity to enter at a low level.


To sum up, terminal demand is still a major drag on the market. The pressure of oversupply follows, and oversold occurs at any time. However, we should also note that monomer plants are also facing cost pressure, and there will be a restorative rebound after the oversold. While downstream enterprises also take advantage of the oversold to make profits, actively prepare goods for 10-20 days, and the market has completed a small bottom rebound in this short-term supply-demand cooperation. From the end of July to the beginning of August, the probability continued to increase after the first suppression.