The Market Atmosphere in Plastic Market Is Not Good. Is There Any Hope For Plastic To Recover This Year?

Nov 28, 2022

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Market overview and forecast

PE market

Yesterday, the market made a small increase. The range of linear futures fluctuated overnight. Corporate orders continued to decline, and the number of periodic orders decreased. The purchasing attitude of raw materials was cautious, focusing on purchasing according to orders.

PP market

Yesterday, the market fluctuated narrowly, crude oil fell slightly, futures fluctuated higher, most of the two oil products were stable, spot market offers were collated, terminals were purchased on demand, and the trading atmosphere on the market was general.

PVC market

PVC futures rose sharply yesterday, the spot market price rose collectively, and market transactions were mostly concentrated in low price goods. The quotation of PVC manufacturers has risen steadily, and some remain closed. Downstream construction started on the low side as a whole, mainly on a wait-and-see basis, and some enterprises supplemented the warehouse with low price goods.

PS market

Yesterday, the market softened slightly, the focus of raw materials fell, some petrochemical manufacturers lowered, downstream demand hardly improved, business confidence was insufficient, and the firm offer was negotiated.

ABS market

Yesterday, the market price fell, some manufacturers lowered, the raw materials were weak and declined. Downstream buyers did not buy down, and there was a lack of substantial transaction cooperation. The merchants were not in a good mood, or they kept negotiating and operating at the margin.

PE recycling market

This week, the demand release of PE high-pressure market was slow, and there were few deals. The start-up load of regeneration manufacturers is not high, and they mainly focus on old customers. Downstream companies are cautious and wait and see, and there are few inquiries. The difference between new and old materials is narrow, and the downstream has low acceptance of high priced recycled materials, so the shipment of high-end materials is blocked.

PP regeneration market

PP market demand is difficult to improve this week, and the offer is in a dilemma. In terms of demand, it is in the traditional off-season, and the orders of downstream product factories are limited, so the demand for regenerated PP just needs to continue. On the supply side, due to the enterprise’s cautious production attitude, it will continue to operate under low load to control inventory risk in the short term.