at the end of November, OPEC meeting resolution will be members of the specific implementation plans to limit production. When agreement is reached at the beginning of next year, crude oil supply and demand will be balanced.
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Approaching winter, the market will enter the traditional consumption season, the international crude oil price is expected to exceed $55 per barrel, which will cost from the end of polyolefin price formation support. In addition, petrochemical manufacturers inventory is still a low level, last week was increased slightly, but the overall delivery pressure, PP prices may be up there.
* on the international crude oil prices is expected to rise to speculate:
Last week, the international crude oil prices rose slightly, the expected production is the main influencing factors. However, OPEC and Russian crude oil output high, decline in U.S. crude oil production trend has stalled, difficult to alleviate the problem of excess supply.
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