The hottest plastic Market Forecast on June 12

2022-08-15
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June 12 plastic market forecast

[China Packaging News] international oil prices remained stable on the 11th as demand concerns offset OPEC production cuts. US crude oil futures rose slightly by US $0.01 to close at US $53.27 per barrel. Brent crude oil futures were flat at $62.29 a barrel

[Market Overview and forecast]

● PE market: yesterday, the mainstream market price remained stable and partially fell. Linear futures fluctuated in a narrow range, most Petrochemical prices were stable, traders mostly followed the market, downstream factories had limited enthusiasm for procurement, the strength of receiving goods was weak, and the actual transaction follow-up was slow. Quotation reference: Hangzhou market quotation sorting, Zhenhai 7042 reported 7900 yuan/ton; Dongguan market offers, Maoming 2426k tax free yuan/ton; Shantou market offer is loose, Fulian 7042 tax-free 7220 yuan/ton

today's forecast: it is expected that today's market price will be mainly adjusted in a narrow range

● PP Market: yesterday, the market price was affected by the decline of crude oil, and the increase narrowed. However, polypropylene futures rose intraday. Coupled with the recent obvious consumption of petrochemical inventory, the market mentality was boosted to a certain extent. Traders followed to adjust their offers according to their own supply conditions. Downstream factories were generally enthusiastic to purchase raw materials in a firm offer. Reference to local market prices: Linyi market rose slightly, Shenhua Yulin S1003 was reported at 8450 yuan/ton, and Changzhou market was stable and small, Yanneng S1003 was 8300 yuan/ton, and the Guangzhou market was slightly adjusted. Jinxi Petrochemical 1102k reported 8250 yuan/ton

today's forecast: it is expected that the market will be slightly adjusted today

● PVC Market: yesterday, the market was basically stable, 50Hz in some parts of East China rose slightly, traders were cautious, mainly accompanied by shipments, and downstream factories had limited receiving capacity, so they still insisted on purchasing with use, which made it difficult to improve the weak situation in the short term. Market reference: Qilu Chemical City market was sorted out in a narrow range, and Qilu S1000 was reported at about 6760 yuan/ton; The high quotation in Guangzhou market fell back, and the Sanlian 5 type was 6700 yuan/ton; Changzhou market rose slightly, with Yihua 6670 yuan/ton

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

● PS Market: yesterday, the overall market trend was generally stable. Recently, the long and short news gathered, and the PS market temporarily stabilized. However, the on-site trading was weak, and there was no lack of caution in the business operation step by step. The downstream demand was limited, and the wait-and-see mentality was strong. Quotation reference: Shunde market quotation is temporarily stable, Guangzhou 525 is reported at 8950 yuan/ton; Ningbo market quotation fluctuated, and CITIC 525 reported 9650 yuan/ton; The market quotation of Yuyao was generally stable, with gps-525 at 9800 yuan/ton

forecast today: it is expected that the market will continue to maintain a stable trend of small and medium movements today

● ABS market: yesterday, the market generally fell, the upstream trend was relatively volatile and difficult to support, the market inquiry atmosphere was light, and the merchants offered profits to ship, but the transaction was still weak, and the downstream manufacturers maintained a rigid demand for goods. Quotation reference: Dongguan market quotation fell steadily, with Taiwan 757 reported 11330 yuan/ton; The quotation of Ningbo market fell in a narrow range, and 15e1 Taihua fell 100 yuan to 12150 yuan/ton; Yuyao market quotation generally fell slightly, 121h reported 12600 yuan/ton

today's forecast: it is expected that today's market quotation will be stable and weak

● PET bottle chip Market: yesterday's market situation was mainly sorted out. 1. The hydraulic universal testing machine is suitable for metal materials to stop stretching, tightening, or bending experiments under the static action. It can also be used for the experiments of concrete, masonry and other construction materials. It is equipped with cold bending accessories and also serves as the process experiment of metal materials. Several bottle chip enterprises maintain the stability of ex factory prices, traders generally have low willingness to make profits, and the supply of goods on the site is reduced, Downstream factories purchase raw materials step by step, and the overall trading atmosphere is mild. Market price reference: East China water bottle material is at yuan/ton, and South China water bottle material is at yuan/ton

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

● pet waste recycling market: yesterday, the market price was stable, and individual chemical fiber plants increased by 200 yuan/ton. Affected by environmental protection, wheat harvest, overcast rain and other factors, the overall operating rate in the field was not high, and the supply of wool bottles and recycled bottle chips was tight, which constituted a certain cost support for the price. Recently, the new material market stabilized, and the decline of recycled chemical fiber was suspended, but the sales of recycled chemical fiber products were still slow, and the profit space of chemical fiber plants was limited, Flexible purchase of raw materials with firm offer, market price reference: machine white tablets in East China market are at yuan/ton

today's forecast: it is expected that today's market will not fluctuate

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