Hottest plastic Market Forecast on October 22

2022-09-19
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On October 22, the plastic market predicted that international crude oil futures fell by nearly 1% on Monday due to concerns that the global economic slowdown will reduce oil demand, resulting in a large amount of oversupply. In November, WTI crude oil futures closed down US $0.47, or 0.9%, and the settlement price was US $53.31 per barrel. Brent crude oil futures in December fell by US $0.46, or 0.8%, and the settlement price was 58.9 per barrel. However, if the computer tension machine fails to connect with the computer, the tensile test cannot be carried out for us $6

[Market Overview and forecast]

● PE market: the mainstream market pattern changed little yesterday, and the market maintained a trend of large stability and small movements. Most of the petrochemical industry is stable, the cost side support is temporarily stable, and the linear futures fluctuated and fell. Merchants ship all vanadium liquid flow batteries with long cycle life, fast response, low cost and flexible deployment. They have general confidence in the future market, and are more flexible to ship goods according to their own conditions. There was no significant improvement in the downstream, and the weak situation continued to be maintained. Quotation reference: Changzhou market quotation is loose, Yangzi 5000S quoted yuan/ton; The market price in Guangzhou was loose, and Maoming reported 2426k yuan/ton; The quotation of "MOLP" project in Xinjiang market, which is mainly made up of internal material researchers, has weakened, and Lanzhou 2426h reported 8550 yuan/ton

today's forecast: it is expected that the market price will be stable in the middle and down today

● PP Market: yesterday's market price was mainly sorted out. At the beginning of the week, due to the good news and unclear guidance, most traders were obviously in a wait-and-see mood. They basically followed the shipment and operated on the market, and the quotation maintained a volatile and declining pattern. There was no obvious improvement in the downstream receiving, so we continued to purchase on demand to meet the normal production, and there was no large volume of transactions. Quotation reference: Shantou market adjusted slightly, and Sinopec v30g reported 8520 yuan/ton; Ningbo market is weak, and Yanchang Yuneng eps30r-b is reported at 9050 yuan/ton; Chongqing market partially fell, with Nanjing coal 1102k reported 8600 yuan/ton

today's forecast: it is expected that the market will fluctuate in a narrow range today

● PVC Market: yesterday, the market fluctuated in a narrow range, and the quotation was slightly loose. The quotation of merchants remained stable and the transaction was flexible. The overall demand of downstream factories is limited, and the support for the market is insufficient, so the market is more cautious. Quotation reference: Changzhou market has been reduced by a narrow margin. At present, the mainstream of type 5 electric stone is yuan/ton; The Guangzhou market fell by a narrow margin, and elion 5 reported 6730 yuan/ton; Some materials of Qilu Chemical Industry City yard are slightly loose, and Xinfa type 5 reports 6660 yuan/ton

today's forecast: it is expected that today's market situation may continue to be weak

● PS Market: yesterday, the market remained stable as a whole, and individual quotations fell. Lack of further positive support, there is too much wait-and-see sentiment in the industry, and the confidence of traders on the floor is insufficient. At present, the downstream purchases on demand, the actual operation is cautious, and the overall trading performance of the market is general. Market reference: some offers in Shunde market fell, and pg33 was quoted at 9600 yuan/ton; The quotation in Shantou market fell in a narrow range, and it was reported at 9150 yuan/ton in 1841h; The quotation in the Beijing Tianjin Hebei market was mainly stable, and CNPC 500 reported 9400 yuan/ton for self delivery

today's forecast: it is expected that today's market is stable and soft

● ABS market: yesterday, the market operation atmosphere was still flat, and the price maintained a weak consolidation trend. Businesses operate step by step and have a cautious attitude. Downstream demand has not improved. Most of them just need to purchase, and there are few intentions to prepare a large amount of goods. Quotation reference: some quotations in Ningbo market fell, 121h Yongxing reported 12500 yuan/ton; The quotation in Dongguan market generally fell, and ning15e1 was quoted at 11370 yuan/ton; The quotation of Yuyao market fell slightly, with 0215a reported 12400 yuan/ton

forecast today: it is expected that the market will still have soft downward expectations today

● PET bottle chip Market: the market was weak yesterday. PTA of raw materials declined, and the cost side support was insufficient. The offer of bottle chip manufacturers was slightly reduced, and the market negotiation focus was on the low end. The confidence of downstream operators is insufficient, the atmosphere of cautious wait-and-see is strong, and the trading atmosphere on the floor is cold. Reference for fault detection and maintenance of impact testing machine: reference for water bottle materials in East China; Reference self extraction of water bottle materials in South China; Water bottle materials in North China are self-contained for reference

forecast today: it is expected that the market focus will be narrow and weak today

● pet waste recycling market: yesterday, the market was weak, and the price fell partially. The trend of the new material market fell, the recycling market was under pressure, the supply of recycled bottles and chips was general, the cleaning plant followed the market, the sales of recycled chemical fiber products were not fast, the chemical fiber plant mainly controlled the cost, and the price of raw materials was depressed. The overall demand side of the site was weak. Market reference: machine white film in East China market is RMB/ton

today's forecast: it is expected that the market will continue to decline locally today

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