Hottest plastic Market Forecast on May 31

2022-09-19
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Plastic Market Forecast on May 31

[China Packaging News] oil prices fell to a two-month low due to a smaller than expected decline in U.S. inventories and concerns about trade war. U.S. crude oil futures fell $2.22, or 3.8%, to $56.59 a barrel; Brent crude fell $2.58 to $66.87 a barrel, down 3.7%

[Market Overview and forecast]

● PE market: yesterday's market was weak and volatile, and the price moved slightly. The comprehensive cost support is still in place, but the enthusiasm of downstream procurement is limited, and the hesitation in receiving goods makes it difficult to improve the actual transaction. Traders are confused and mainly seek to make profits. Quotation reference: Changzhou market quotation sorting, Yangzi 5000S reported 9050 yuan/ton; Chongqing market offers are sorted out, and Sichuan 7042 offers 8050 yuan/ton; Xiamen market offer weakened, Daqing 2426h reported yuan/ton

today's forecast: it is expected that today's market price will be mainly sideways

● PP Market: yesterday, the mainstream market price remained stable, with individual small rises, and polypropylene futures fluctuated and fell, which had a certain negative impact on the market. Near the end of the month, the ex factory prices of PetroChina and petrochemical were stable, supporting the cost of goods supply. Most of the traders' own inventory has been digested. They mainly followed the wait-and-see offer, and the downstream factories bought with use. The overall trading atmosphere was mild. Reference to local market prices: Linyi market rose slightly, Shenhua Yulin S1003 reported 8550 yuan/ton, Shantou market was stable and small, Zhongjiang petrochemical T30S reported 7970 yuan/ton, Wuhan market was in a stalemate, and China Coal Mengda l5e89 reported 860 yuan/ton

today's forecast: it is expected that the market will be in a stalemate near the weekend and the end of the month

● PVC Market: yesterday, the overall market offer increased slightly, and the futures disk rose, which provided some support for the price. However, the trading in the spot market was quiet, and traders operated cautiously while waiting. The operation load of downstream factories was limited, and the ability to consume resources was weak, and the actual transaction did not improve. Quotation reference: the offer of Hebei market increased slightly, and the calcium carbide method type 5 material was delivered without tax yuan/ton; The quotation of Shantou market was raised, and the price of Zhongtai old factory was 7040 yuan/ton; The quotation of Hangzhou market is up, with triple 6820 yuan/ton

forecast today: it is expected that today's market may maintain the stability of narrow polyurethane for a long time, and the range will be increased

● PS Market: yesterday, the market was generally stable. Individual markets in East China fell slightly, and the decline in cost and inventory pressure supported the market to a certain extent. However, there was a lack of active follow-up of buying. Downstream buyers also kept buying with use, and the actual transaction was still not improved. Quotation reference: the market quotation of Yuyao was generally stable, with individual small drops, 118 to 10850 yuan/ton; The quotation in Ningbo market changed little, and CITIC reported 9750 yuan/ton; Shunde's market quotation is mainly stable, and pg33 is quoted at 9650 yuan/ton

forecast today: it is expected that the market will continue to stabilize today, with some small movements

● ABS market: yesterday, the market was generally stable, but individual markets in East China still fell slightly. The upstream market was general. Merchants operated cautiously and followed the market. Traders shipped flexibly. There was a strong wait-and-see atmosphere in the middle and lower reaches, and negotiations were not smooth. Quotation reference: Yuyao market quotation fell steadily, and dg-417 was reported at 12000 yuan/ton; Some offers in Dongguan market were loose, with Taiwan 757 down 20 yuan to 11280 yuan/ton; The quotation in Ningbo market was basically stable, and 0215a was quoted at 12250 yuan/ton

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

● PET bottle and chip Market: yesterday, the market price was stable, and the upstream raw material futures market was weak, which was difficult to support the market. The orders of bottle and chip enterprises were OK, and the ex factory price remained stable. The downstream factories bought raw materials on demand. Market price reference: water bottle materials in North China were collected by 23 capture groups at 400 yuan/ton, and water bottle materials in South China were collected by themselves at yuan/ton

today's forecast: it is expected that the market will not change much today

● pet waste recycling market: yesterday, the market price was weak and stable, the new material market stabilized, and the decline in the recycling market narrowed. Due to the impact of environmental protection, the operating rate of local cleaning plants decreased, the supply of recycled bottles and chips was general, the terminal demand remained depressed, the production and marketing pressure of chemical fiber plants remained, and the willingness to take the initiative to receive goods was still low. The solid purchase was mainly to meet their own rigid demand. Market price reference: machine white chips in the East China market were at yuan/ton

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