Hottest plastic Market Forecast on March 19

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Plastic Market Forecast on March 19

due to the tightening of blockade measures by governments to cope with the COVID-19, the global pandemic led to a collapse in global fuel demand, international oil prices plummeted on Wednesday, and U.S. crude oil futures plunged to the lowest level in 18 years. WTI crude oil futures contract plummeted 61 in April, which is called strength testing machine, tensile testing machine and universal testing machine 58 U.S. dollars, or 24.4%, settlement price at $20.37 a barrel. Brent crude oil futures in May fell by $3.85 to settle at $24.88 a barrel, down 13.4%

[Market Overview and forecast]

● PE market: yesterday, the market quotation continued to fall, with a range of yuan/ton. Linear futures fluctuated slightly, the ex factory price of petrochemical parts was reduced, and merchants adjusted their offer to ship goods in line with the market. Downstream manufacturers insist on purchasing on demand, and are willing to attract goods. Flat jaws and large and small V-shaped jaws are available for tension tests. The actual transaction has not improved yet. Market reference: Shunde market is loose, Guangzhou 7042 tax free yuan/ton; Qilu Chemical City reported that the price of S-type experimental machine sensor fell, and Qilu 7042 reported 6450 yuan/ton; Lanzhou market offer weakened, Lanhua 2426h reported 7550 yuan/ton

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

● PP Market: yesterday's market continued a weak downward trend. Polypropylene futures fluctuated widely, and the prices of some petrochemical products continued to fall. There was a strong wait-and-see atmosphere on the floor, and merchants continued to sell goods at a profit. In addition to maintaining the necessary procurement, the downstream basically takes a cautious attitude, and the overall trading is general. Market reference: the market price in Xi'an is down, and the EPS30R of Yuneng chemical is 7200 yuan/ton; The offer of Hangzhou market fell, and the price of Fude T30S was 6900 yuan/ton; Wuhan market was weak and declining, and China and South Korea v30g reported 7000 yuan/ton

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

● PVC Market: yesterday, the mainstream quotation of the market was stable, and some were slightly reduced. Most domestic upstream production enterprises, except for a few enterprises for maintenance, started work and returned to normal level. At present, the downstream just needs to find low procurement, and the operating rate of medium and large-scale pipe and profile enterprises in North China has recovered to 50%. Market reference: Hangzhou market slightly adjusted, and the mainstream reference of calcium carbide method type 5 spot is RMB/ton self delivery; The quotation of Guangzhou market is reduced, and the mainstream quotation of ordinary electric stone is yuan/ton; Changzhou market weak finishing, Tianye 8 6420 yuan/ton

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

● PS Market: the market fell yesterday. Crude oil, styrene, etc. continue to plummet, and businesses continue to reduce prices. The operators have a strong mentality of "buying up but not buying down". The terminal just needs to purchase, and the market negotiation is sporadic. Quotation reference: the quotation in Dongguan market is weak, and Zhenjiang Qimei pg33 is reported at 8240 yuan/ton; Shantou market quotation continued to decline, with Xinghui 118 quoted 7520 yuan/ton

today's forecast: it is expected that today's market will continue to be stable with a decline

● ABS market: most of the market fell yesterday. Mainly affected by the global public health events, there was a strong bearish mood on the floor, the market trading atmosphere was poor, and merchants accompanied to make profits, with limited firm offers. Quotation reference: Shantou market reference quotation fell, and Jihua 150 reported 9950 yuan/ton; The quotation in Dongguan market continued to fall, and Ningbo Taihua 15e1 reported 9780 yuan/ton

today's forecast: it is expected that today's market will be stable with a decline

● PET bottle chip Market: yesterday, the market was weak and stalemate, polyester dual raw materials continued to operate weak, the cost side support was insufficient, the offer of bottle chip manufacturers became stable, and the focus of market negotiation tended to be low-end. The overall demand of the downstream is poor, and the operators are mainly cautious and wait-and-see, with light market trading. 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 the market price will fluctuate in today's range

● pet waste recycling market: the market was weak yesterday, and prices in some regions continued to decline. Affected by the decline in crude oil, the polyester new material market is under pressure, further suppressing the regeneration market atmosphere, and the tight supply of recycled bottles and chips remains unchanged. The sluggish situation of terminal demand continues, the production and sales of chemical fiber factories are not smooth, and the price of raw materials is reduced to reduce cost consumption. The overall atmosphere of the market is weak. Market reference: the detection of displacement in East China not only provides important data for improving product quality and production safety, but also the market imitation large-scale machine white film is about 4800 yuan/ton

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

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