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Petroleum resin market will usher in new development
2024-04-26
Most manufacturers maintain exports to reduce export pressure, the overall import volume has decreased.
After the weather turns warm, the construction of projects and roads in various places is gradually started. However, due to the long line-up time of such construction, the demand for petroleum resin for road marking paint has not been fully opened. In addition, there is more rain in various parts of the country this spring, so the construction of the project is further delayed. Therefore, the domestic demand for petroleum resin for road marking paint has yet to be opened, and the import volume is reduced, which is subject to the demand of foreign market, better quality domestic manufacturers continue to maintain foreign contract orders, in order to reduce inventory pressure. In 2015, the import volume has decreased, and the export volume has not changed much.
To sum up, with the economic development and demand, the petroleum resin market is facing greater challenges in the later period. Under the interweaving of favorable and negative factors, although it seems that favorable factors occupy the upper peak and the cost support is better, the C5 petroleum resin market still cannot escape the "market fog" in the later period under the weak economic situation and the overall light demand in the downstream market.
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