The hottest plastic Market Forecast on June 5

2022-10-19
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June 5 plastic market forecast

[China Packaging News] driven by the rise in the stock market, international oil prices rose on the 4th, and U.S. crude oil futures rose $0.23 to close at $53.48 a barrel, up 0.43%; Brent crude oil rose $0.69, or 1.1%, to $61.97 a barrel

[Market Overview and forecast]

● PE market: the thermal decomposition temperature ≥ 390 ℃ yesterday, the market weakness was hard to hide, and the price fell slightly. Linear futures fell, and some petrochemical enterprises took measures to reduce the price, which hit the mentality of the floor. Traders were lack of confidence and gave priority to making profits and reducing risks. The enthusiasm of downstream factories to enter the market is limited, and the situation of light transactions is difficult to improve. Quotation reference: Changzhou market quotation sorting, Yangba 2426h reported 8550 yuan/ton; Wuhan market quotation weakened, Maoming 2426k reported 8650 yuan/ton; The quotation in Xi'an market fell, and Lanhua 5000S reported 9200 yuan/ton

today's forecast: if there is no bright spot guidance, it is expected that the market will not improve today

● PP Market: yesterday, the market price mainly fell, crude oil closed down for two consecutive days, polypropylene futures opened low and fell, some PetroChina and petrochemical companies lowered their ex factory prices, many bad news gathered, traders were pessimistic, their enthusiasm for solid shipment increased, downstream inquiry willingness was not high, and the purchase volume was mostly concentrated in rigid demand. Reference to local market conditions: Linyi market quotation fell, Shenhua Yulin S1003 was reported at 8400 yuan/ton, Hangzhou reported a low market price, Shaoxing T30S reported 8250 yuan/ton, Chongqing reported a partial decline in market prices, and Sichuan l5e89 reported 8350 yuan/ton

today's forecast: it is expected that the market will maintain a downward trend today

● PVC Market: yesterday, the overall pattern of the market was weak, and some parts maintained a downward trend. Affected by the continued decline in prices and the futures atmosphere, the trading volume was low. Traders were unstable, worried, and had low willingness to operate. Downstream users bought with limited transactions. Quotation reference: Changzhou market maintained a decline, with Zhongtai 6800 yuan/ton; Shantou market lowered its offer, with salt lake 6800 yuan/ton; Hebei market continues to be weak, and calcium carbide method type 5 materials are delivered without tax yuan/ton

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

● PS Market: yesterday, the market trend was soft, local quotations continued to fall slightly, the recent PS operating rate fell sharply, the overall supply pressure was small, traders operated flexibly, there were few downstream deliveries, and the on-site trading was weak. Quotation reference: Dongguan market quotation continued to fall, with Guangzhou 525 falling 40 yuan to 9060 yuan/ton; Ningbo market quotation fell steadily, CITIC 525 reported 9650 yuan/ton; The market quotation of Yuyao was generally stable, with individual small declines. 118 experiments of stretching, bending, bending resistance, tightening, etc. were completed by replacing the accessories of the experimental machine, with the quotation of 10600 yuan/ton

today's forecast: it is expected that the market will maintain a stable and weak trend today

● ABS market: yesterday, the overall market situation continued to be weak, the cost side support was general, traders' flexible trading was still the mainstream operation method, and there was replenishment action in the downstream demand, but on the whole, on-demand procurement was still the mainstream, and transactions were limited. Quotation reference: part of the offer in Dongguan market fell, and Ning 121h fell 80 yuan to 11200 yuan/ton; Part of the offer in Ningbo market fell, and 15e1 Formosa chemical reported 12400 yuan/ton; The market quotation of Yuyao fell steadily, with 757K reporting 13000 yuan/ton

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

● PET bottle chip Market: yesterday, the market price fell by yuan/ton, and the upstream raw material futures market opened low and closed down, which constituted a certain blow to the market mentality. Most bottle chip enterprises reduced the ex factory price. In the face of the decline, the downstream willingness to take the initiative to receive goods was low. Market price reference: water bottle materials in East China market were at yuan/ton, and water bottle materials in South China market were at yuan/ton

today's forecast: it is expected that the market focus will still move down today

● pet waste recycling market: yesterday, the market price was mainly weak and stable. Affected by the decline of the new material market and local environmental protection inspections, some recycling enterprises stopped work and withdrew from the market, and the overall operating rate on the site was not high, which made it difficult to release a large number of wool bottles and recycled bottle chips, recycled chemical fiber products were still unsalable, chemical fiber factories had little willingness to purchase raw materials in large quantities, and the firm offer transactions focused on rigid demand, Market price reference: the machine white film in East China market is 5500 yuan/ton

today's forecast: it is expected that today's market will be difficult to improve, and office2000 must be installed

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