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Domestic market analysis
With the mid-term elections approaching in November, the United States may have a short-term convergence in the trade war, but the persistence of the Sino-US trade war is beyond doubt. The escalation of the Sino-US trade war will remain unchanged. In the later period, China will continue to stimulate domestic demand and open up diversified export markets. It is speculated that a more active policy will be introduced in the fourth quarter. Trump again asked Saudi Arabia and other countries to increase crude oil production and lower oil prices, may be a new round of crude oil pressure, but still need to pay attention to Saudi Arabia and other countries feedback. The traditional peak season of "Golden Nine and Silver Ten" is not prosperous, and the macroeconomic environment is not good, leading to cautious attitude of the industry, hoping that the buyer will replenish the goods before National Day, and the short-term chemical market is expected to be strong.
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