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

Dec 06, 2022

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PE

Today, the PE market price was mixed. In North China, the linear part increased by 20-50 yuan/ton, the high-pressure part decreased by 50 yuan/ton, and the low-pressure injection molding part decreased by 50 yuan/ton; In East China, the linear part increased by 50 yuan/ton, the high-pressure part increased by 50 yuan/ton, and the low-pressure part increased by 20-50 yuan/ton; In South China, the linear part increased by 20-50 yuan/ton, the high-pressure part increased by 50-100 yuan/ton, and the low-pressure part increased by 20-50 yuan/ton. The high opening of linear futures shocked the market, boosting the trading atmosphere of the market. Some merchants reported a little high, but the terminal demand was weak and the enthusiasm for receiving goods was not high, resulting in slow shipment and partial yield. The mainstream price of domestic LLDPE is 8150-8700 yuan/ton.

Forecast: The OPEC meeting may keep the current production reduction agreement unchanged, and the number of American oil drilling platforms is stable. European and American crude oil futures will fall. The domestic linear futures opened at a high level and fluctuated, which provided some support for the market. Some of the prices were up, but the demand side did not change significantly. Factory orders were limited, and the intention of covering positions was not high. Zhuochuang Information predicts that the domestic PE market will suffer a narrow fluctuation tomorrow, and the mainstream price of LLDPE will be 8150-8700 yuan/ton.

PVC 

Today, the trading atmosphere in the domestic PVC market is weak, the mainstream price of the spot market has risen, and there are many small negotiations on actual orders. In East China, the price center of PVC market of calcium carbide method moved up, the futures market was relatively strong and volatile, the market price advantage declined, and the Buy It Now offer increased. However, the downstream demand was general, the high price conflict, and the enthusiasm for pursuing the rise was not high. There were certain deals at low market prices. There were not many deals above 6250 yuan/ton, and the deals were not warm all day. Today, the trading range of the mainstream of East China 5-type spot exchange warehouse is 6150-6250 yuan/ton, even lower and higher in some cases. The price of East China Ethylene PVC was raised, and the trading was average. Taking Changzhou as an example, Liancheng delivered 6500-6550 yuan/ton, and Qilu 1000 model was evaluated as 6350-6400 yuan/ton.

Forecast: The PVC spot market price rose today, but the transaction atmosphere was weak, and the downstream acceptance of high priced raw materials was still low. At present, the macro atmosphere has improved, but the downstream orders are not good, and the actual demand is still weak. In addition, the operating rate of the PVC industry has rebounded recently, and the overall spot fundamentals are difficult to improve significantly in the short term. However, the recent macro atmosphere has an obvious impact on the market mentality, and there are still differences in market views. It is expected that the PVC market price range will fluctuate tomorrow, and the price of East China SG-5 may be 6150-6250 yuan/ton.