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Explanation Of The Trend Of Plastic Raw Materials

Jul 13, 2023

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PS: The futures and spot prices of raw material styrene have strengthened, and cost support is still acceptable. However, there has been a certain recovery in supply, with low level inquiries and cautious pursuit of gains. Intra market trading has remained stagnant and transactions have been sporadic. It is expected that the short-term PS market may not be able to catch up with growth, and some parts may sell at a discount. Today, the price reference for Guangzhou Petrochemical 525 in the South China market is around 8550 yuan/ton (excluding tax).

ABS:

Recently, the market has concentrated on filling short orders, and the overall transaction is good. The sharp rise of styrene has driven the Spot market upward. The pre-sale of the petrochemical plant is good, and the inventory is low. Last week, Jinfa and Dagu continued to raise the ex factory quotation, and the weekend Lihuayi raised the ex factory quotation. It is expected that the domestic ABS price will maintain a strong operation in the near future. Today, the market price reference of Chimei 757 in South China is around 11800 yuan/ton (tax excluded).

PE:

There is an expectation of a slight increase in crude oil and coal in the near future, and the spot price of polyethylene may be strongly adjusted due to this impact; Some downstream factories may experience a slight increase in operating rates, such as packaging film products. It is expected that the spot price of short-term polyethylene will be adjusted in a narrow range. Today, the mainstream price of 7042 market of Guangzhou Petrochemical in South China is around 8300 yuan/ton (tax included).

EVA:

Petrochemical factories may remain strong and keep up with the rising market, while downstream photovoltaic demand has shown positive support. Market bulls have a positive and positive attitude, and the focus of the quotation has risen. But the recovery of foam demand is slow, or its upward rhythm may be suppressed. It is expected that the short-term market may experience strong fluctuations in a narrow range. Today, the price reference for Taiwan Formosa Plastics 7470M in the South China market is around 15000 yuan/ton (including tax).

PET:

The strong performance of raw materials has driven the upward trend of the polyester bottle chip market. However, considering the downstream acceptance level, the upward range may be limited. There has been a slight increase in demand, a clear increase in supply, and a stalemate in trading. It is expected that the market price of short-term bottle flakes will be stronger in narrow range. Today, the reference price of polyester bottle flakes for water bottles in South China is about 7025 yuan/ton (tax included).

PC:

The recent rise in the domestic PC market has turned into a volatile operation, with mixed bullish and bearish sentiment, resulting in inconsistent trading trends among the industry. The raw material bisphenol A may continue to fluctuate at high levels, and the pressure on short-term domestic PC factories to ship is average. The Spot market continues to be driven by the game mentality of both buyers and sellers. It is expected that the short-term or wait-and-see range will fluctuate. Today, the price of South China Covestro 2805 is around 15000 yuan/ton (tax excluded).

POM:

The fundamental performance is stable, with short-term petrochemical plant inventory adjustment and increase plan. The spot circulation in the market is tight, and traders’ reluctance to sell has intensified. Mainstream offers will continue to rise, while downstream users are cautious and cautious, and transactions are negotiated on demand. It is expected that the short-term POM market will shift its focus upwards. Today, the reference price for Yuntianhua M90 in the South China market is around 12000 yuan/ton (excluding tax).

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Explanation Of The Trend Of Plastic Raw Materials

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