The hottest plastic Market Forecast on June 10

June 10 plastic market forecast

[China Packaging News] international oil prices rose nearly 3% as Saudi Arabia hinted that OPEC would extend the production reduction agreement and the stock market rose. US crude oil futures rose $1.40, or 2.7%, to close at $53.99 a barrel. Brent crude oil rose $1.62, or 2.6%, to $63.29 a barrel

[Market Overview and forecast]

● PE market: the market atmosphere before the holiday was poor, and prices continued to fall. As the actual transaction face is difficult to change, and there is no sign of large-scale in the short term, coupled with the petrochemical enterprises' reduction of ex factory prices, the floor is shrouded in pessimism, traders lack confidence, and give priority to profits. The downstream is cautious in taking goods, and the atmosphere of firm offer transaction is weak. Quotation reference: Shanghai market quotation sorting, SECCO 0220aa reported 7900 yuan/ton; Chengdu market quotation fell, with China coal 7042 reported 7750 yuan/ton; Qilu Chemical City market quotation fell, and Qilu 2100tn00 was reported at 8000 yuan/ton

today's forecast: it is expected that the market will be stable and dynamic today

● PP Market: before the holiday, the market was weak and fell, crude oil closed sharply, and polypropylene futures fell in the intraday. In addition, some companies of PetroChina and petrochemical lowered the ex factory price, which was full of bad news, traders were pessimistic, and the firm offer actively offered to sell goods. Near the Dragon Boat Festival holiday, the downstream took the initiative to replenish positions. With the continuous progress of national norms, the overall trading atmosphere was flat. Reference to market conditions around the world: Beijing market fell slightly, Hu petrochemical T30S reported 8300 yuan/ton, Ningbo market price fell, Ningbo Heyuan T30S reported 8200 yuan/ton, Guangzhou market price continued to decline, Jinxi Petrochemical 1102k reported 8200 yuan/ton

forecast today: it is expected that the market will continue to be weak after the holiday

expensive ● PVC Market: the overall market situation before the holiday continued to be weak, dragged down by the decline of the futures market, there was a strong wait-and-see atmosphere on the floor, downstream demand was poor, and the market was under great pressure. Quotation reference: the offer of Hebei market is lowered, and the calcium carbide method type 5 material is delivered without tax yuan/ton; Shantou market offer is weak and downward, and jinyuyuan 5-type offer is yuan/ton; The offer of Changzhou market fell, Yihua "Our customers told us that 00 yuan/ton.

today's forecast: it is expected that the local offer in the market today is expected to continue to move down.

● PS Market: the market before the holiday tends to be volatile, and the recent upstream trend has a certain support for the cost side, but the downstream market demand performance is relatively weak, merchants operate cautiously, mostly in the short term, and generally maintain the negotiation and shipment. Market reference: some offers in Shunde market fell, and pg33 was reported at 9500 yuan/Tons; Dongguan market quotation was mixed, with Guangzhou 525 reported 8930 yuan/ton; The market quotation of Yuyao fell slightly, and the quotation of ph-88 was 12100 yuan/ton

today's forecast: it is expected that the market will continue to operate in a stable and weak pattern today

● ABS market: before the holiday, the local market offer continued to decline, the upstream support was general, and traders continued to follow the market, but the market trading was deadlocked, the wait-and-see atmosphere in the middle and lower reaches was strong, and the overall demand was not high. Market reference: the reference price of Ningbo market fell, 121h Yongxing reported 12650 yuan/ton; The quoted price of Yuyao market fell slightly, and 757K was quoted at 13000 yuan/ton; Dongguan market quotation fluctuated, with 757 units down 150 yuan to 11350 yuan/ton

today's forecast: it is expected that today's market is still expected to be volatile and weak

● PET bottle chip Market: before the holiday, the market price was reduced by yuan/ton, the upstream raw material futures market trend showed a downward trend, the industry lacked confidence in the future market, the downstream initiative to receive goods was low, the overall trading atmosphere was flat, and the market price reference: the water bottle material in East China market was at yuan/ton, and the water bottle material in South China market was at yuan/ton

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

● pet waste recycling market: the market was weak before the festival, and although the number of woolen bottles increased, North China was in the busy farming season, South China had continuous overcast and rainy weather, coupled with strict environmental protection, and the limited number of recycling operators entering the market, the pace of woolen bottle recycling was slow. At the same time, the supply of raw bottle chips was flat, the market price of recycled chemical fiber maintained a downward trend, the price of raw materials purchased by chemical fiber plants was the mainstream, and the overall transaction in the field was limited, Market price reference: machine white film in East China market is RMB/ton

today's forecast: the weak demand is difficult to change, and the market focus is expected to remain low today

(author: Fubao Plastic Research Group)

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