Hottest May 14 plastic Market Forecast

2022-08-03
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May 14 plastic market forecast

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core tips: [China Packaging News] investors panicked because of the sharp decline in the Sino US trade negotiations, which pushed up the oil price in the morning, Worried that several oil tankers were reported to have suffered a destructive attack in the Middle East, which may lead to

[China Packaging News] investors panicked because of the sharp decline in the Sino US trade negotiations. They pushed up the oil price in the morning. Worried that several oil tankers were reported to have suffered a destructive attack in the Middle East, which may lead to supply disruption, the international oil price fell on Monday, following the trend of the US stock market. WTI crude oil futures fell $0.62 to close at $61.04 a barrel. July Brent crude oil futures fell $0.39 to close at $70.23 a barrel

[Market Overview and forecast]

● PE market: the market atmosphere was light yesterday, and some prices fell slightly. Linear futures moved down in a wide range. Traders are not optimistic about the future market, and most of them follow the market. Due to the lack of substantial positive boost, the operation mode of downstream plants has not been greatly changed, and the weak demand situation is difficult to improve. Market reference: the offer in Chengdu market fell, and Shenhua 2426h was quoted at 8350 yuan/ton; In Suzhou, we have a dominant position. The market fell sideways, and Yangzi 5000S reported 9100 yuan/ton; Linyi's market quotation fell, and Jihua reported 7042 yuan/ton

today's forecast: it is expected that today's market will be dominated by weak consolidation

● PP Market: yesterday, the market price fell weakly, with a range of yuan/ton. Polypropylene futures fluctuated and fell, and some companies of PetroChina and petrochemical lowered their ex factory prices. As a result, the traders were pessimistic and actively offered to let the goods go. The downstream factories, under the psychological effect that buying the project would break through many major technical difficulties in the manufacturing field of modified high molecular materials, focused on watching the market, Reference to local market conditions: Hebei market fell slightly, Shenhua l5e89 reported 8450 yuan/ton, Beijing market fell slightly, hupec T30S reported 8500 yuan/ton, Shantou market price continued to decline, and China Coal Yulin l5e89 reported 7980 yuan/ton

today's forecast: the market price is expected to fall today

● PVC Market: yesterday, the market fell steadily, the receiving volume of downstream factories was still limited, the high-end quotation was not concluded, the market spot inquiry and transaction atmosphere was light, and most traders maintained cautious operation. Market reference: the offer of Changzhou market is lowered. At present, the mainstream of type 5 electric stone is RMB/ton; The quotation in Hangzhou market fell, and the triplet was 6900 yuan/ton; The Shantou market quotation was lowered, and the jinyuyuan 5 model was quoted at 7120 yuan/ton

today's forecast: it is expected that today's market situation may be weak and volatile

● PS Market: yesterday, the market was mainly stable, some quotations were downward, merchants insisted on cautious operation, the receiving volume of downstream factories was still limited, the wait-and-see mentality was still the mainstream, and the shipment was negotiated with firm offer. Quotation reference: Shunde's market quotation is steadily weakening, and Guangzhou 525 is reported at 9300 yuan/ton; Some quotations in Dongguan market declined, and Nanjing 5250 was quoted at 9630 yuan/ton; The quotation in Ningbo market fluctuated little. CITIC 525 quoted 9900 yuan/ton

today's forecast: the market is expected to be weak today

● ABS market: yesterday, the market fell steadily, with a range of between yuan. Although the cost side rebounded, it did not provide much support to the market. Traders operated cautiously, and the downstream continued to wait and see. Their purchasing enthusiasm was not high. Quotation reference: the reference price in Dongguan market fell, and Ning 15a1 was quoted at 11500 yuan/ton; Part of the offer in Ningbo market fell, 15e1 Formosa chemical reported 12850 yuan/ton; The quotation of Yuyao market fell slightly, and 0215a was reported at 12800 yuan/ton

today's forecast: it is expected that the market will be generally stable and partially lowered today

● PET bottle chip Market: yesterday, the market price mainly fell slightly, the upstream raw material futures market fell, and the market was bad. Most bottle chip enterprises reduced the ex factory price. The operators' mentality was pessimistic. The downstream factories' initiative to receive goods was not high, and the transaction price of the firm offer mostly moved down. 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: the market is expected to remain weak today

● pet waste recycling market: yesterday, the market price fell by about 100 yuan, the new material market was weak, the recycling market was under obvious pressure, the supply of woolen bottles increased slowly, the cleaning plant started to operate in a tepid manner, the recycled chemical fiber market remained in a depressed state, the chemical fiber plant reduced the purchase price of raw materials, the transaction of high priced goods in the market was not smooth, the recycling industry lacked confidence in the future market, the enthusiasm for market entry was not high, and the overall trading atmosphere was flat, Local market reference: the machine white film in East China market is RMB/ton

today's forecast: the market trend is expected to remain weak today

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