Plastic Market Forecast

Aug 16, 2022

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[PE market]

Yesterday’s PE spot market price fluctuated narrowly; The market trading atmosphere is general, with low-end warehousing and few downstream orders. The pressure above is high, and the demand below is slow. Market reference: Linyi PE market price, about 100pc 9830; Daqing 2426h 9850; Shenhua 2426h 9820-9850; Shenhua 2420d 9900; Zhongtian ld605 9850; Zhongtian ld251 12500-12600.

Today’s forecast: it is expected that there will be no significant improvement in the short term, and the mainstream weakness will be mainly adjusted.

[PE waste market]

Yesterday, the waste PE market was light and the market turnover was slow. The manufacturer’s operating load is low and the spot supply is general. The demand is weak. The downstream shall be prepared carefully. In terms of new materials, the adjustment range of PE new materials is 300-150.

Today’s forecast: it is expected that the PE recycling market will operate steadily today.

[PP market]

Yesterday’s market shock was narrowly adjusted, and the futures shock operation had a limited guiding effect on the mentality of the industry. The petrochemical factory adjustment was based on multidimensional stable prices, and the market cost support was acceptable. The traders mostly shipped according to the market, and the downstream mentality was cautious. In addition to the just needed position replenishment, the overall trading atmosphere of the market was general. The petrochemical inventory is at the low level of the middle level, the maintenance is high, and the short-term supply is tight, which supports the market to a certain extent. Market reference: wire drawing materials in North China market are 7950-8450 yuan / ton, wire drawing materials in Central China market are 8030-8100 yuan / ton, wire drawing materials in East China market are 8000-8150 yuan / ton, and wire drawing materials in South China market are 8150-8200 yuan / ton.

Today’s forecast: it is expected that the future PP market will be dominated by shock and consolidation.

[PP waste market]

Yesterday, the PP recycling market warmed up. Hebei woven bag big white ton bag particles increased by 100, and the price was about 5100. The second white ton bag particles increased by about 1004600-4700. In terms of new materials, the rise and fall are mixed, with the highest increase of about 200.

Today’s forecast: it is expected that the PP recycling market will operate steadily and some prices will rise slightly.

[PVC market]

Yesterday, PVC futures continued to decline, the overall trading situation of the spot market was general, the price fell slightly, and the merchants sold the goods to give up profits, and the transaction was negotiated. The quotation of PVC production enterprises has been steadily reduced, while the downstream demand is still weak, and the demand for goods is maintained unchanged. Market reference: in Shantou PVC market, at present, the mainstream quotation of calcium carbide type 5 material is about 6690-6760 yuan / ton, Junzheng old factory type 5 material is 6760 yuan / ton, Yili type 5 material is 6760 yuan / ton, and Dongfang type 5 material is 6730 yuan / ton

Today’s forecast: in the short term, the PVC market will be dominated by weak finishing.

[PS market]

Yesterday’s market was dominated by decline. In the short term, styrene temporarily maintained a horizontal saw game confrontation. Recently, some maintenance devices were restarted, the supply of low-end materials was increased, and the terminal demand was not significantly improved. The pressure on merchants to ship was not reduced. Market reference: the mainstream price of GPPS (polyphenylene sulfide) in East China market is 10100-11000 yuan / ton, and the mainstream price of hips (polystyrene) is 10650-12300 yuan / ton.

Today’s forecast: it is expected that today’s market will be dominated by soft operation.

[ABS market]

Yesterday, the market fluctuated and fell slightly, the downstream production and sales were weak, the manufacturers’ shipments were under pressure, and the recent start-up of ABS petrochemical manufacturers and the expectation of domestic supply increase. Some operators still have a bearish attitude, or maintain the profit transfer operation. Market reference: the mainstream price of domestic goods in East China ABS (acrylonitrile butadiene styrene) market is 11400-12100 yuan / ton.

Today’s forecast: the market is expected to be weak today.

[PET bottle slice Market]

PTA increased significantly, driven by cost, and the price of polyester bottle sheet factory increased by 50-100 yuan / ton; In addition, there are few available cash resources, and the market center of gravity rises narrowly.

Today’s forecast: the market is expected to be stable as a whole today.

[pet waste recycling market]

Due to the drop in crude oil and no obvious change in the terminal textile and clothing, the downstream recycled chemical fiber plants accumulated finished products, and the willingness to replenish raw materials was not high, and the delivery of recycled bottles was cold. In this week’s high temperature weather, the recovery rate of wool bottles is expected to increase, and the cleaning plants maintain the mentality of low price and reluctant to sell.

Today’s forecast: it is expected that the market will fluctuate today.