On September 25th, plastic prices fluctuated and declined

Sep 27, 2023

Leave a message

PVC

Today, the domestic PVC market has been fluctuating and declining, with futures falling continuously. The market’s confidence in trading has been average, with operators being flexible in shipping and cautious in purchasing downstream inquiries. The trading atmosphere on the market is slightly light.

PP

Today, the domestic PP market fell, and futures volatility dragged down the trading sentiment in the spot market. Petrochemical factory prices were partially lowered, and the support for supply costs was loose. Traders were actively willing to sell due to inventory pressure. Downstream terminals were cautious and cautious, purchasing at low prices in moderation. The willingness to stock up before the holiday was unclear, and the overall trading atmosphere was weak.

PE

Today, the domestic PE market slightly declined, with linear futures falling. The market mentality is under pressure, and downstream inquiries are not actively receiving goods. Some traders are offering small discounts to seek shipments, and overall trading performance is weak.

PP particles

Today, the domestic PP market fell, with a decrease ranging from 50 to 100 yuan/ton. The downward trend of futures volatility has dragged down the trading sentiment in the spot market, with partial reductions in petrochemical factory prices and loose support for supply costs. Traders are actively selling out due to inventory pressure, while downstream terminals are cautious and cautious, purchasing at low prices and in moderation. The willingness to stock up before holidays is not obvious, and the overall trading atmosphere is weak. Today, the mainstream wire drawing prices in North China are between 7780 and 7900 yuan/ton, in East China they are between 7800 and 7900 yuan/ton, and in South China they are between 7740 and 8000 yuan/ton.

Forecast: Today, PP futures fluctuate and decline, while spot prices continue to decline. The cost side of PP has eased with the decline in upstream raw material prices, but profit recovery is limited, which still provides support for PP prices. The production of new devices has been gradually fulfilled, and the planned maintenance of devices has been reduced in the later stage. It is expected that the operating load rate of subsequent devices will continue to rise, and there will be greater pressure on the supply side in the future; Downstream finished product inventory consumption is slow, and pre holiday procurement enthusiasm is less than expected. However, considering the low raw material inventory, the possibility of post holiday procurement has increased. Based on this, it is expected that the short-term PP market will operate in a volatile manner. Taking East China wire drawing as an example, the estimated price range is 7800-7900 yuan/ton.