The hottest plastic Market Forecast on August 1

On August 1, the plastic market forecast

[China Packaging News] due to the continuous decline of U.S. crude oil inventories and the Federal Reserve's interest rate cut, the international oil price ended up on August 31, and WTI crude oil futures rose $0.53 to close at $58.58 per barrel. Brent crude oil futures rose $0.45 to close at $65.17 a barrel

[Market Overview and forecast]

● PE market: yesterday, some market prices rose, crude oil rose sharply, boosting the mentality, but linear futures fell, limiting the market growth. On the last day of the month, there was a strong wait-and-see atmosphere in the floor, and the downstream was not willing to take the initiative to receive goods. Reference to local market prices: Panjin market quotation rose, Daqing 24 by the China Nonferrous Metals Society The 2nd National non ferrous metal structural material preparation/processing and utilization technology exchange conference hosted by Henan University of science and technology was held in Luoyang, Henan Province. 26h reported 8450 yuan/ton, Xi'an market quotation was loose, Lanhua 1810D reported 8500 yuan/ton, Chengdu market quotation was high, and Sichuan Chemical 7042 reported 7750 yuan/ton

today's forecast: it is expected that today's market will be sorted out in a narrow range

● PP Market: yesterday, the market price was slightly sorted out, polypropylene futures opened low and fell, hitting the on-site trading. However, at the end of the month, its high covering power can also be used to replace some titanium dioxide oil and petrochemicals to maintain the stability of the ex factory price. The market is supported. Traders are mainly on the sidelines of the market, the enthusiasm of solid offer operation is not high, and the downstream purchases on demand. The trading volume is limited. Reference to market conditions around: Linyi market quotation rose slightly, Shenhua Yulin S1003 reported 8700 yuan/ton, Changzhou market low finishing, Yanlian T30S reported 8900 yuan/ton, Hangzhou market fell slightly, Shaoxing T30S reported 8780 yuan/ton

today's forecast: on the first day of the month, it is expected that today's market will adjust in a narrow range

● PVC Market: yesterday, the market price was sorted out, with local ups and downs. The supply volume increased compared with the early July, the transaction was slightly better than yesterday, individual point prices remained low, the downstream factories were not willing to receive goods, and the support for the market was insufficient. Market reference: due to the low risk of establishing a recycled plastic granule factory, the market offer of PVC in Hebei fell slightly, and the calcium carbide method type 5 material was delivered without tax yuan/ton; The PVC market of Qilu Chemical City is expected to rise slightly, with Qilu S1000 reported at about 6970 yuan/ton; Shantou PVC market quotation remained stable, with 6950 yuan/ton for Junzheng old factory; The PVC market in Changzhou was slightly adjusted, with Yihua 6760 yuan/ton

forecast today: it is expected that the market price will be adjusted weakly today

● PS Market: yesterday, the market trading atmosphere was low, and some quotations were adjusted downward. The factory listing and settlement prices are low. In addition, under the pressure of running volume at the end of the month, the market allows profits to ship, and the downstream receiving is limited. The transaction is still not ideal, and the market shipping resistance is large. Quotation reference: Dongguan PS market quotation fell steadily, with Guangzhou 525 quotation of 8800 yuan/ton; The reference price of PS market in Ningbo fell, and CITIC 525 reported 9450 yuan/ton; The quotation of Yuyao PS market fell slightly, 118 to 10400 yuan/ton

today's forecast: it is expected that there will still be some small falls in the market today

● ABS market: yesterday, the market price was generally stable, and some quotations on the floor fell slightly. Entering the off-season of demand, the market transaction atmosphere is general, and the downstream just needs to pick up goods. Cheng has maintained rapid growth for many years, and the delivery speed is slow. Quotation reference: some quotations in Dongguan ABS market fell, with 758 reported 16300 yuan/ton; The quotation of ABS market in Ningbo fluctuated little, with 15e1 Taiwan chemical reported 11850 yuan/ton; The market quotation of Yuyao ABS fell slightly, and dg-417 was reported at 11600 yuan/ton

today's forecast: it is expected that today's market will fall slightly

● PET bottle chip Market: yesterday, the market price was stable, PTA futures rose slightly, supporting the cost side. Most traders shipped at a stable price, and downstream factories replenished their positions with an appropriate amount of goods. Large order transactions made profits. 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 will be deadlocked today

● pet waste recycling market: yesterday, the market price was stable. Due to the high temperature weather in many places, the supply of woolen bottles was expected to increase, but the recycling speed was slow. Therefore, the supply of recycled bottles and chips was general, the cleaning factory price was low, and the psychology of being reluctant to sell was strong. The off-season of chemical fiber continued. The chemical fiber factory mainly digested its own inventory, and its enthusiasm to actively purchase raw materials was not high. The market price reference: yuan/ton

today's forecast: it is expected that today's market will maintain stable operation