This week, China's plastic city market was affected by the international bad news. The market was ups and downs, and the overall market trend was turbulent. Judging from the current state of the market, the momentum of the traders' bearish market is still alive. The blurred economic data of the United States and the extremely unstable international crude oil have all hit market sentiment severely and stimulated the market's decline. On the other hand, the domestic A-share market is struggling up and down at 2,600 points. After LLDPE** is lifted first, the main contract 1101 is currently tangled between the 5 and the 20-day moving average. The PE market is uncertain and there is still room for price drop. The price is relatively stable, supporting the entire market. Traders have a weaker sense of shipments, and the supply and demand relationship is sluggish. The market outlook is mainly set back, and the possibility of a major drop is relatively small.
Polyethylene (PE)
PE market prices fell this week. International crude oil oscillated and gloomy. Market sentiment was generally low, and downstream demand was insufficient. Petrochemical enterprises were gradually priced at the end of the period, which provided support to the spot market. Mainstream price: LDPE yuan / ton, LLDPE: 9900-10300 yuan / ton, HDPE: drawing material yuan / ton, injection plastic: 9400-10400 yuan / ton, film material 9600-11400 yuan / ton, hollow material 9700 -11800 yuan/ton. It is expected that the PE market will fall again next week.
Polypropylene (PP)
This week, the PP market continued its stalemate. The rebound of oil prices at the end of the period has limited effect on demand boost, and transactions at high prices are difficult. Market rumors that Sinopec North China intends to increase prices, but the market responded flatly to the news and the market price was not driven by high momentum. Near the weekend, the atmosphere of the market trading is light, most businesses optimistic about the market outlook for the majority of the state, price is mainly wait and see. At present, domestic mainstream wire drawing/injection molding reported 10,700-11,600 yuan/ton, domestic mainstream copolymer materials reported 10,800-12,100 yuan/ton, imported copolymer materials, mainstream reported yuan/ton, monofilament powder mainstream reported 10,550 yuan/ton. It is expected that the PP market will be more likely to oscillate next week.
ABS resin
This week, ABS has been steady and small, the market is in a stalemate, some of the prices are loose, there are few goods on the market, there are not many buyers, the business mentality basically stabilizes, and the end user needs are generally. The majority of downstream users hold a wait-and-see attitude, expecting prices to fall, and the market turnover is still limited. At the end of the period, crude oil was higher for two consecutive days, the market sentiment stabilized, and the supply of goods was tight. Merchants reported a dilemma. Except for a small number of offers, the broader market remained stable and the turnover was flat. It is expected that the ABS market will be mainly stable next week.
Polystyrene (PS)
This week, the PS market price was steady and small, and the market was in a stalemate. Downstream demand has always been light, with end-users taking the main use. There are not many enquiries and the transaction is limited. The enthusiasm of the holders of the holders of the goods is not high. They are confused and confused about the mentality of the market. Manufacturers: In the early morning, most petrochemical manufacturers had a stable offer. Chi Mei pass benzene reported 10,700 yuan / ton, change benzene reported 11,600 yuan / ton, the recent real disk shipments are saving space. Yangzi BASF quoted a stable price, through benzene 143E, 158K reported 10,500 yuan / ton, changed benzene 466F, 476L reported 11,400 yuan / ton, most brands supply tight. The device operates completely. Currently the latest GPPS mainstream offer is yuan / ton, HIPS mainstream quoted at yuan / ton. It is expected that the PS market will fall predominantly in the next week.
Polyvinyl chloride (PVC)
This week, the market of PVC market remains very high, waiting to see more. Recently, monomer and calcium carbide raw materials are in short supply, coupled with poor transport, the start-up load of PVC production companies has dropped, and the factory price quotation has continued to rise slightly. As a result, the cost of middlemen and downstream orders has increased, the low price is hard to find, and the overall market price is focused. Stay high. It is expected that the market will continue its stalemate. The current mainstream price of vinyl material 7700-7800 yuan / ton, 5 types of electric stone mainstream quoted at 7200-7700 yuan / ton.