Plastics: Summary Of Today’s Market And Outlook For Tomorrow

Feb 22, 2023

Leave a message

PVC

The spot price of domestic PVC market continued to rise today, and the overall transaction atmosphere was poor. In East China, the market price of calcium carbide PVC rose, the futures rose, and the traders’ quotations rose, but the transaction was general, some of the actual orders were negotiated slightly, and the downstream bargain-hunting and replenishment, the enthusiasm for inquiry and procurement was not high, and the transaction was weak. Today, the comprehensive evaluation of the mainstream trading range of the East China 5 spot exchange kuti is 6430-6480 yuan/ton, even lower and higher. In the East China Ethylene PVC market, part of the quotations rose and the trading volume was average. To Changzhou, some Qilu 1000 models are priced at 6700-6750 yuan/ton, Dagu 1000 models are priced at 6650 yuan/ton, and Liancheng 1000 models are priced at 6800-6850 yuan/ton.

Forecast: Today’s PVC futures fluctuated higher, and the spot price rose with the increase, but the actual transaction was not good. At present, the divergence between the long and short markets is obvious, the social inventory is still high, the downstream demand is general, the high price conflicts, and there is some pressure on the spot, but the macro atmosphere has been improving for a long time, and the participants’ mentality is tangled, and it is expected that the PVC market will fluctuate tomorrow. The mainstream trading range of East China SG-5 may be 6400-6500 yuan/ton.

Regenerated ABS

During the trading day, the ABS price of new materials was adjusted in a narrow range, and the price difference between new and old materials was small. The market demand for recycled ABS is weak, and the shipment of high-priced goods is not smooth. Some prices fell under pressure. The price of Wen’an ABS rice yellow granulation fell by 150 yuan/ton to 8700-8800 yuan/ton.

Forecast: At present, the overall supply of goods in the market is acceptable, and some stocks are relatively abundant, so manufacturers can flexibly adjust production. The recovery of market demand is not fast, and there are not many new orders from downstream manufacturers. It is difficult for short-term demand to improve significantly.

The price of new materials fluctuates in a narrow range, which has limited impact on recycled materials. In the short term, the downstream manufacturers mainly need to purchase, and the manufacturers intend to report stability and follow the market. It is estimated that the price of Wen’an ABS beige granulation is 8700-8800 yuan/ton.

DBP

Today, the domestic DBP market is steadily rising, the raw material n-butanol market has stopped falling and rebounded, the phthalic anhydride market is mainly consolidated, the DBP cost is supported, the downstream users are cautious, the purchase is just needed, and the trading volume is light. At present, the reference price of the mainstream negotiation in Shandong market is 9000-9100 yuan/ton, the reference price of the mainstream negotiation in Hebei market is 9000-9050 yuan/ton, the reference price of the mainstream negotiation in Henan market is 8900 yuan/ton, and the evaluation of the reference price of some intention negotiation in Guangdong market is delivered around 9400 yuan/ton.

Prediction: The short-term n-butanol market is likely to run stronger, the phthalic anhydride market may be in a stalemate, the DBP cost end has some support, the downstream users are cautious, and the market remains just in need. It is expected that the DBP market will run at a very high price in the near future.