Hottest plastic Market Forecast on May 7

2022-09-26
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May 7 plastic market forecast

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core tip: [China Packaging News] tensions between the United States and Iran have intensified, boosting oil prices, and international oil prices closed up on May 6. WTI crude oil futures rose $0.31 to close at $62.25 a barrel

[China Packaging News] tensions between the United States and Iran intensified, boosting oil prices, and international oil prices rose on May 6. WTI crude oil futures rose $0.31 to close at $62.25 a barrel. Brent crude oil futures rose $0.39 to close at $71.24 a barrel

[Market Overview and forecast]

● PE market: the market atmosphere was poor yesterday, and the price continued to be weak. The price of some petrochemicals fell, and the linear futures fluctuated and fell, putting pressure on the market. The merchants' shipments were not smooth, the offer fell, and the trading atmosphere was weak. Downstream factories only maintain necessary procurement, and the enthusiasm for receiving goods is not high, and the overall firm offer performance is poor. Quotation reference: Hangzhou market quotation sorting, Zhenhai 7042 reported 8450 yuan/ton; Dongguan market offer weakened, Maoming 2426k tax free yuan/ton; The offer of Chengdu market fell, and the price of Sichuan Chemical 7042 was 8250 yuan/ton

today's forecast: it is expected that the market price will weaken steadily today

● PP Market: the market performance was weak yesterday, and some prices fell. Polypropylene futures fluctuated downward, and the mentality of the industry was empty; Petrochemical inventory pressure is obvious, and some factory prices are reduced. Merchants maintained shipments and reduced positions, and the quotation fell in intraday volatility. Downstream factories continued to purchase on demand, the trading atmosphere was flat, and there was no large volume of transactions. Quotation reference: Ningbo market weak finishing hydraulic universal testing machine, Shaoxing Sanyuan T30S reported 8780 yuan/ton; Xiamen market overcast consolidation, Hainan refining and chemical v30g reported 9050 yuan/ton; The market price in Shantou fell, and Fujian United 1080k reported 8180 yuan/ton

today's forecast: it is expected that today's market consolidation will be the main operation

● PVC Market: yesterday, the market continued to maintain a steady upward trend. In addition, some enterprises in East China still closed their markets without reporting. However, downstream enterprises resisted the high price performance, and it was difficult to deal in large quantities. However, it is expected that at the beginning of the month, supported by the quotation of petrochemical plants for about half a year, there is no fear of sharp decline in the market in the short term. Market price reference: calcium carbide method type 5 material in Hebei region does not include tax yuan/ton; The mainstream quotation of type 5 materials in Shantou market is yuan/ton; Changzhou market is suitable for chemical materials, 7120 yuan/ton

today's forecast: it is expected that today's market will still run at a high level, and some will rise

● PS Market: the market was weak on Monday, with some regions falling by yuan/ton, and the market demand was still sluggish. Buyers were mainly on the sidelines, and merchants sold goods at low profits. The actual transaction was poor. Market price reference: CITIC quoted 525 yuan/ton in Ningbo market; Yuyao market 118 reported 11000 yuan/ton; The price of pg33 in Shunde market is 10100 yuan/ton

today's forecast: it is expected that today's market will maintain a stable trend of small and medium movements

● ABS market: at the beginning of the week, prices in South China market and some parts of East China fell slightly. It was "personally planned and directed by President Xi". Other regions were temporarily stable, the cost support was not strong, merchants continued to operate cautiously, downstream factories maintained a rigid need to take goods, and negotiations were not smooth in some regions. Market quotation reference: the quotation in Ningbo market fell narrowly, with 0215a reporting 12700 yuan/ton and 121h Yongxing reporting 13400 yuan/ton; The market quotation of Yuyao fell slightly, with 0215a reported 12900 yuan/ton; Some quotations in Dongguan market fell, with 757 units quoted at 12000 yuan/ton

today's forecast: it is expected that today's market is still stable and weak, and local prices may still fall slightly

● PET bottle chip Market: yesterday, the overall market trend was weak, polyester dual raw materials fell, and the cost side lacked support. Most bottle chip enterprises' quotations were reduced by about 100 yuan/ton. The downstream buying is poor, the purchase is limited, and the mentality of the operators is weak. Market reference: reference of 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

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

● pet waste recycling market: the market was in a stalemate yesterday, and the price basically remained stable. The price of new materials has fallen, which is difficult to boost the recycling market. The recovery rate of raw materials is slow, and the market starts generally. E said that the supply of recycled bottles and chips should be tight. The downstream demand is poor, the production and sales of chemical fiber plants are weak, and the operators' enthusiasm for operation is insufficient. They mainly wait and see. Quotation reference: the mainstream offer of imitation Dahua Shangji white film in East China market is about 6400 yuan/ton

today's forecast: the positive is insufficient, and it is expected that the market will be weak today

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