Market situation of plastic raw materials: ABS dropped by 300 RMB/ton, PC dropped by 500 RMB/ton.

May 11, 2022

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This week, the performance of plastic raw materials market is differentiated, and the consolidation of soft rubber is the main aspect; Most of the hard rubber market went down. Unfortunately, no matter how the price is adjusted or changed, the trading atmosphere in the market has not improved significantly. The epidemic situation is repeated, the logistics is closed and controlled, and the downstream manufacturers are mainly waiting to see, so the resistance is strong and it is difficult to improve the actual transaction. Traders are worried, although some of them have raised prices, but they are not confident enough. It is expected that the market in the near future may move forward in volatility.

Polypropylene (PP): The market performance was flat, and the market fluctuated and consolidated.

This week, the market is shrouded in the shadow of public health events, and the market is in the rationalization stage. The cost is high, and some brands are slightly increased. However, due to the unclear development direction, no matter how the price is adjusted, the purchasing enthusiasm of downstream manufacturers is always difficult to mobilize, and the demand resistance is still obvious. Traders have a calm mind, think it is difficult to operate, and wait for hot guidance. It is expected that the recent polypropylene market may continue to fluctuate.

Polyvinyl chloride (PVC): The market atmosphere was quiet and the market declined slightly. At present, the market is stagnant and in a dilemma. On the one hand, under the drag of the transaction, there is obvious resistance to the improvement of the market; On the other hand, the comprehensive cost has not been completely lost, and even if the price falls, the space is limited. Traders are cautious, and most of them wait and see. For chlor-alkali enterprises, quotation should be made according to their own inventory. It is expected that the recent PVC market may show a consolidation trend. At the weekend, the mainstream price of general powder for ethylene process was 9500-9750 yuan. Qilu Petrochemical S-700 is 9,650 yuan, falling back to 50 yuan. Qilu Petrochemical S-1000 is 9,500 yuan. Tianjin Lejin LS-100 has no quotation at present. Tianjin Dagu SLK-1000 is 9,750 yuan, falling back to 50 yuan.

ABS resin: The market is weak, and the market mostly falls.

At the weekend, the mainstream price of domestic ABS is 14,300-15,200 yuan. Among them, Jilin Petrochemical 0215A was 14,300 yuan, which dropped from 150 yuan. LG yongxing HI-121H was 14,750 yuan, which dropped from 250 yuan. Ningbo Taihua AG15A1 is 15,200 yuan, which is lower than 200 yuan. Zhenjiang Chi Mei D-180 is 15,000 yuan. Zhenjiang Chi Mei PA-757K is 15,050 yuan, falling behind 50 yuan.

The import price of ABS is 15,700-17,800 yuan. Among them, Chi Mei 757 in Taiwan Province, China is 17,800 yuan, falling behind 200 yuan. South Korea’s LG HI-121 is 15,700 yuan, falling behind 100 yuan. Ineos benzene collar GP-22 is 15,800 yuan.

At present, although the international crude oil and styrene monomer are both running at a high level, the pressure of petrochemical enterprises has increased due to the shortage of goods, and some manufacturers have introduced price reduction policies, which has led to a rise in market bearish sentiment. Whether it’s an intermediate trader or an end user, it’s always difficult to make a breakthrough because of the strong wait-and-see mood, low enthusiasm for operation and low turnover. It is expected that the ABS market may face certain pressure in the short term.