Hottest September 20 plastic Market Forecast

2022-08-08
  • Detail

Plastic Market Forecast on September 20

the market focused on Saudi Arabia's supply risk. The design of international crude oil futures decided that the performance and cost of plate springs closed higher on September 19. Crude oil futures in October retreated their early gains and closed flat at $58.13 a barrel, up only $0.02. The settlement price of Brent crude oil futures rose $0.8, or 1.3%, to $64.4 a barrel

[Market Overview and forecast]

● PE market: the market continued to rise sluggishly yesterday, dominated by horizontal consolidation. Merchants wait and see the shipment. Due to the decrease of buying and replenishment, the spot price is mostly stable near the weekend. Terminal demand has not changed much, factory procurement has maintained rigid demand, and the trading atmosphere is flat. Quotation reference: Zhengzhou market offers are sorted out, and Yanshan Petrochemical 100ac offers 8600 yuan/ton; Hangzhou market quotation sorting, Zhenhai 7042 quote 7850 yuan/ton; Anhui market price weakened, and Yangzi 5000S later reported 8800 yuan/ton

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

● PP Market: yesterday, the market was slightly sorted out, crude oil continued to fall, polypropylene futures opened low and went down. There was a strong bearish atmosphere on the floor. Most operators were mainly on the sidelines, but some supply sources were limited, which played a certain supporting role in the price. Downstream factories insisted on buying with use, and the overall trading atmosphere was light. Reference to local market prices: Beijing market was slightly sorted out, and hupetrochemical T30S reported 8900 yuan/ton, Nanjing extended service life market price consolidation, Yangzi F401 reported 9200 yuan/ton, Shantou market price fell, CNOOC shell ep300m reported 8450 yuan/ton

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

● PVC Market: yesterday, the mainstream of the market remained stable, and some enterprises in East China continued to close. Traders said that the transaction was still not improving, and their mentality was calm for the time being. The enthusiasm of downstream inquiry was weakened, and the operation was mainly based on the market. Market reference: Qilu Chemical Industry City market offer was adjusted in a narrow range, and the mainstream reference quotation of type 5 electric stone materials including tax was about RMB/ton, which was self raised; Shantou market offer is stable, and the mainstream quotation of type 5 is 6920 yuan/ton; Changzhou market is dominated by narrow range finishing, and the mainstream of type 5 electric stone is RMB/ton self lifting

forecast today: it is expected that the market trend will be weak and adjusted today

● PS Market: yesterday, the market was stable and small, and some quotations fell. As the price of styrene fell, it could not support the market, and the supply still fell. The delivery of the firm offer on the floor was not smooth, resulting in a strong wait-and-see atmosphere between the buyer and the seller. Quotation reference: Shunde's market quotation is mainly stable, Guangzhou 525 reported 9600 yuan/ton; Some quotations in Dongguan market fell, with Guangzhou 525 reported 9370 yuan/ton; The quotation of Ningbo market is weak, and the price of saibaolong 525 is 9900 yuan/ton

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

● ABS market: the overall market performance yesterday was average, with some brands rising and falling slightly. Crude oil fell after a sharp rise, the styrene market opened lower and consolidated, and market sentiment turned weak. The confidence of merchants in the future market was slightly weak, and there was a strong wait-and-see atmosphere in the venue. Quotation reference: Dongguan market quotation is stable and consolidated, with 758 reported at 17200 yuan/ton; Part of the offer in Ningbo market fell, 121h Yongxing reported 12800 yuan/ton; The market quotation of Yuyao rose and fell, with 757K reporting 13200 yuan/ton

today's forecast: it is expected that today's market quotation will consolidate steadily, and the decline may continue partially

● PET bottle chip Market: yesterday, the market continued to decline, crude oil and PTA futures continued to fall, and the market lacked effective and positive support. Bottle chip enterprises lowered the ex factory price by about 100 yuan. Most of the downstream enterprises were cautious and waited-and-see, their enthusiasm for taking the initiative to receive goods was not high, and the transaction focus fell significantly. 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 today's market is still weak

● the fourth feature of pet waste recycling market: yesterday, the market was in a stalemate, the new material market fell for two consecutive days, the pressure on the recycling market was obvious, the recovery rhythm of wool bottles was flat, the supply of recycled bottles and chips was difficult to have a large-scale trend, the recycling industry was dominated by step-by-step transactions, the sales of recycled chemical fiber products were poor, the willingness of chemical fiber factories to purchase raw materials was low, the overall trading on the floor was not prosperous, and the market price reference: the machine white chips in the East China market were 5700 yuan/ton

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

Copyright © 2011 JIN SHI