Hottest plastic Market Forecast on March 4

2022-09-22
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On March 4, the plastic market predicted that opec+ may further reduce production, and the international oil price rose sharply during the session. However, analysts believe that the Fed's interest rate cut may not be a positive signal. The G7 finance ministers' meeting did not list measures to stimulate the economy, WTI finally narrowed the increase, while Brent closed slightly. WTI crude oil futures contract in April rose $0.43 to settle at $47.18 a barrel. Brent crude oil futures in May fell by US $0.04 to settle at US $51.86 per barrel

[Market Overview and forecast]

● PE market of an impact testing machine that can also brake records and obtain an average value: the market focus moved up yesterday. Linear futures continued to rise, which was good for the spot market. In addition, the ex factory prices of Sinopec and PetroChina increased. Merchants actively reported higher shipments, and the firm offer transaction was acceptable. The atmosphere of the downstream terminal connection was flat, and the overall trading was general. Quotation reference: Chongqing market quotation followed the rise, and Sichuan Chemical 7042 was reported at 6950 yuan/ton; Suzhou market price consolidation, Yangba 2426h cargo shortage reference quote 8050 yuan/ton; The Dongguan market was sorted out in a narrow range, with Guangzhou 7042 tax-free 6600 yuan/ton

today's forecast: it is expected that today's market will be slightly sorted out

● PP Market: the market situation was slightly sorted out yesterday. The high opening of polypropylene futures supported the market, and the petrochemical inventory continued to drop, which was good for the aftermarket. The floor was an important operation of the effectiveness subsystem. The business was in a good mood and actively shipped. The downstream reaction was flat, the goods were received cautiously at high prices, and the firm offer trading performance was average. Quotation reference: Zhengzhou market prices rose, Luoyang Petrochemical T30S reported yuan/ton; Changzhou market rose slightly, Daqing Refining and chemical EPS30R reported 7650 yuan/ton; The market price in Guangzhou rose, and Ningxia Baofeng l5e89 reported 7130 yuan/ton

today's forecast: it is expected that today's market will show a volatile trend

● PVC Market: yesterday, the market price was mainly stable, with many small orders and low prices, and the overall trading atmosphere was light. In order to promote shipment, the actual transaction price of ethylene enterprises has been lowered again. At present, under the dual pressure of inventory and cost pressure, and the downstream demand is difficult to follow up, the PVC market is under great pressure. Market reference: the fluctuation of Hebei market is limited, and the reference price of calcium carbide method type 5 material is about RMB/ton; There are few changes in Hangzhou market, and the mainstream reference of calcium carbide method type 5 spot is yuan/ton self delivery; The focus of Changzhou market has shifted downward, and the mainstream price of type 5 calcium carbide method is around yuan/ton

today's forecast: it is expected that today's market will be sideways and the quotation will be stable

● PS Market: yesterday's market rose and fell, with a range of yuan/ton, which was negotiated on a real basis. Affected by the sharp rise in crude oil, some ordinary materials stopped falling and rose slightly, but the high-end materials are expected to make up for the decline. The market mainly digests inventory, and it is also heard that the goods are sold at a low profit. Quotation reference: Shantou market reference price is up, and Xinghui 118 is reported at 7920 yuan/ton; Dongguan market quotation fluctuated and sorted out. Zhenjiang Qimei pg33 was quoted at 8780 yuan/ton

today's forecast: it is expected that the mainstream of today's market will stabilize and individual shocks will be adjusted

● ABS market: market prices rose and fell yesterday. Petrochemical plant inventory remained high, the pressure remained unabated, the operating mood of market merchants was acceptable, and the performance of solid offer trading was average. Quotation reference: Dongguan market quotation rises steadily, and Ningbo Taihua 15e1 is reported at 10350 yuan/ton; Shantou market quotation generally rose, and Jihua 150 reported 10300 yuan/ton

today's forecast: it is expected that today's market will be stable and small, and some regions will rebound from oversold

● PET bottle chip Market: the market price moved up narrowly yesterday. International oil prices rebounded, polyester dual raw materials were warm and volatile, and cost support was enhanced. Some bottle chip manufacturers raised their offer by 50 yuan/ton. The focus of market negotiations rose slightly, and the overall trend recovered. Downstream manufacturers replenish goods as needed, mainly on a cautious wait-and-see basis, and the trading atmosphere is general. Market reference: the price of water bottle materials in East China market is; The price of water bottle materials in South China market is self lifting; The price of water bottle ingredients in North China market is rising

today's forecast: it is expected that today's market will be stable and prefer to run

● pet waste recycling market: the market was weak yesterday, with light trading. There are a limited number of enterprises to resume production on the site, and the market operation is at a low level. It is difficult to recover wool bottles, and the supply of recycled bottle chips is tight. The terminal demand is sluggish, the chemical fiber factory shipments are slow, the intention of purchasing raw materials at high prices is low, the on-site trading is cold, and the actual orders are scarce. Market reference: the imitation Dahua on machine white film in East China market is about 5250 yuan/ton

today's forecast: it is expected that today's market will be stable and small

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