Market forecast for engineering plastics after National Day holiday

Oct 11, 2024

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PA post holiday forecast: The raw material caprolactam market may operate weakly, and the cost support for PA6 will weaken. Manufacturers adjust their factory prices according to costs, showing a downward trend. Downstream purchases are cautious, and there is no significant improvement in demand. The overall market is dominated by small transactions. Businesses are cautious and adopt a bearish attitude, while traders are flexible in their trading. Actual transactions are limited, and the PA6 market may operate weakly and steadily in the short term after the holiday; The operating load of PA66 plant is relatively low, but the on-site supply of goods is sufficient. Coinciding with the National Day holiday, some small and medium-sized downstream parking is on holiday, and demand may follow up slowly after the holiday. In addition, businesses lack confidence in the future market. Therefore, although there is still some support in terms of cost, there is a strong atmosphere of merchants holding money and watching, and it is expected that the domestic PA66 market will narrow and weakly consolidate after the holiday.
 

PC post holiday forecast: The raw material bisphenol A is difficult to provide strong support for PC, and the supply-demand contradiction in the domestic PC market still exists, which suppresses the upward space of PC market quotations. However, PC prices are at the lowest point at the end of the year, and spot costs in the market are high. Although the market is filled with negative factors, the intention of merchants to significantly lower their offers is limited, and cautious trading is the main approach. Therefore, Jinlianchuang predicts that the PC market will continue to operate steadily in the short term after the holiday, and there may be slight looseness in later offers. Pay close attention to the trend of PC production enterprises’ factory quotations.
 

POM post holiday forecast: From the supply side, most of the domestic facilities are operating stably. From the perspective of demand, the market demand is weak, and the digestion of spot inventory is slow. However, the downstream inquiry atmosphere may improve, and overall trading in the market may increase. From a psychological perspective, it is difficult to say that industry players are optimistic, while traders are cautious in their operations. Some traders engage in profit sharing behavior, and the POM market may show a consolidation trend in the short term after the holiday.
 

PMMA post holiday forecast: The raw material MMA will be significantly reduced, and the cost support will weaken significantly. The spot cost of PMMA market is high, but downstream based on high cost sources, there will be weak takeover, and it will be difficult for merchants to hold firm on to their offers. The focus will decrease to promote transactions. Therefore, Jinlianchuang predicts that the overall PMMA market in China will continue to decline after the holiday.