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Guoxin Futures: Crude oil fluctuates upward, with increased cost support from polyolefins

2026-05-21 05:15:46

The situation between the US and Iran is tightening, crude oil is fluctuating and rising, cost support is strengthening, and oil-coal valuations are diverging significantly. Domestic maintenance is relatively frequent, import expectations are decreasing, PP exports have opened up, but downstream demand is in the off-season, and replenishment willingness is low, with fundamentals showing both supply and demand weakness. Polyolefins are oscillating at high levels, with PP trading at a deeper discount, suggesting a wide-range fluctuation strategy. (Guoxin Futures)

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