The hottest plastic Market Forecast on August 28

2022-09-19
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On August 28, the plastic market forecast

international crude oil futures rose by more than 2% in volatile trading on Tuesday, as data showed that major oil producing countries significantly reduced production in July and the United States was expected to reduce weekly crude oil inventories, but concerns about the economic recession and the uncertainty of Sino US relations limited the rise in oil prices. WTI October crude oil futures rose $1.29, or 2.4%, to settle at $54.93 a barrel. October Brent crude oil futures rose $0.81, or 1.4%, to $59.51 a barrel

[Market Overview and forecast]

● PE market: yesterday, the market maintained a weak pattern, and some prices continued to decline. Lack of favorable guidance, lack of confidence of merchants, and maintain the operation of transferring profits and reducing positions. The purchasing enthusiasm of downstream factories is general, the firm offer is mainly to meet rigid demand, and the overall transaction atmosphere is flat. Quotation reference: Shanghai market quotation sorting, SECCO 0220aa reported 7500 yuan/ton; The market price in Guangzhou is loose, Guangzhou reported 7042 yuan/ton; Wuhan market quotation fell, and Lanhua 5000S was reported at 8600 yuan/ton

forecast today: it is expected that the market will continue to decline today

● PP Market: yesterday, the market price was adjusted weakly, crude oil closed down for two consecutive days, and polypropylene futures fluctuated downward. The operator's mentality was pessimistic. Near the end of the month, the ex factory prices of some PetroChina and petrochemical companies were stable, which temporarily supported the market. Traders with a large number of goods actively sold and cleared their inventory. Orders from downstream factories were limited, and there was little willingness to replenish positions in large quantities. Reference to local market prices: Hebei market was weak and fell, Shenhua Baotou l5e89 reported 8400 yuan/ton, Beijing market weak consolidation, Huzhou petrochemical T30S reported 8450 yuan/ton, part of the Guangzhou market fell, Guangzhou Petrochemical k7116 reported 8550 yuan/ton

today's forecast: it is expected that the mainstream of the market will remain stable today, with partial or small declines

● PVC Market: the market continued to be weak yesterday. The market expectation weakened due to trade friction, and the price continued to decline. The low-end price point price affected the market's transaction mentality after measurement. The spot price was high, the transaction was light, and the downstream enterprises had little intention to prepare goods. How to calculate the yield value and other issues. Market reference: Qilu Chemical City market offer consolidation, electric stone type 5 material tax mainstream reference quotation of about yuan/ton; The offer of Guangzhou market was lowered, and the salt lake 5 was reported at 6780 yuan/ton; The market in Changzhou has not changed much, and the price of Yihua type 5 is 6650 yuan/ton; Hangzhou market adjusted slightly, and the range of type 5 electric stone is yuan/ton

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

● PS Market: the market trend was generally stable yesterday, and individual quotations fell. The performance of on-site trading is average, and the mentality of downstream buyers is still cautious, mainly purchasing on demand. Quotation reference: the quotation in Dongguan market was slightly consolidated, and guang525 was quoted at 8970 yuan/ton; The quotation in Ningbo market fluctuated little, and CITIC 525 was quoted at 9400 yuan/ton; The market quotation of Yuyao fell slightly, 118 yuan for the development of domestic new energy vehicles/ton

today's forecast: it is expected that today's market situation will still be dominated by stabilization and consolidation

● ABS market: yesterday, the market fluctuated steadily, and some quotations in East China fell. The trading atmosphere on the floor was flat, traders' flexible trading was still the mainstream method, and the procurement of downstream home appliance factories had not been resumed yet, and the transaction remained rigid. Quotation reference: part of the offer in Dongguan market fell, and Taiwan 757 was quoted at 12030 yuan/ton; The quotation change in Ningbo market is limited, and 0215a is quoted at 11500 yuan/ton; The quotation of Yuyao market is slightly changed, and 0215a is quoted at 11700 yuan/ton

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

● PET bottle chip Market: yesterday, the market was running smoothly, and the upstream raw material futures market was volatile, which was difficult to guide the market. The traders' mentality was mild, and they mainly shipped according to the market. Supported by tight supply, there was little willingness to make profits in transactions. The downstream ability to actively purchase raw materials was limited, and the overall trading atmosphere was tepid. Market price reference: water bottle material yuan/ton in North China market and water bottle material yuan/ton in East China market

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

● P is still in an important period of strategic opportunities for development. Et waste recycling market: yesterday, the market focus remained stable, the wool bottle market was still tepid, the cleaning plant was limited, the supply of recycled bottle chips was difficult to release, the regenerated chemical fiber market was weak, the profit space of chemical fiber plants was thin, and the demand for raw materials remained low, and the purchase price was adjusted appropriately according to their own inventory. Market price reference: cold water white tablets in East China market was 5500 yuan/ton

today's forecast: it is expected that the market price today will be the same as yesterday

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