Hottest plastic Market Forecast on March 23

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On March 23, the plastic market predicted that global demand would dry up due to the novel coronavirus epidemic. Washington officials said that a special envoy would go to Saudi Arabia to help cope with the impact of the oil price war between Saudi Arabia and Russia. International crude oil futures fell sharply on the 20th, with the weekly record of the largest decline since the 1991 Gulf War. WTI crude oil futures in April fell $2.79, or 21.33%, to settle at $22.43 a barrel. Brent crude oil futures in May fell $1.49, or 5.2%, to settle at $26.98 a barrel

[Market Overview and forecast]

● PE market: the market price was slightly adjusted last Friday, with a range of yuan/ton. Linear futures fluctuated in a narrow range, with limited benefits. Merchants shipped according to the market, and the offer was mixed. There was a strong wait-and-see mood in the downstream, the enthusiasm for taking goods was not high, and the overall trading atmosphere in the venue was general. Market reference: Panjin market offer weakened, Daqing 7042 reported 6600 yuan/ton; Chengdu market offers were sorted out in a narrow range, and Shenhua 2426h reported 7050 yuan/ton; After finishing the offer in Suzhou market, Yangzi 5000S is quoted at 7250 yuan/ton

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

● PP Market: last Friday, the market performance was flat, and the price was adjusted in a narrow range. Polypropylene futures fluctuated at a high level, which gave a slight boost to the market. Merchants' offers were relatively strong and the trading atmosphere was cautious. Downstream factories are not active in purchasing, and the market lacks the power to stop the decline and rebound under the drag of weak demand. Market reference: Chengdu market slightly adjusted, Sichuan l5e89 reported 6600 yuan/ton; The offer of Changzhou market was sorted out. Although the necking was developing continuously, the Fude T30S was 6850 yuan/ton; Chongqing market stopped falling and consolidated, Dushanzi K8003 reported 7900 yuan/ton

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

● PVC Market: last Friday, the market was sorted out in a narrow range, and individual materials were adjusted. Due to the superposition of various negative factors, the downstream wait-and-see mood is strong, and the enthusiasm for taking goods is not high. The overall trading volume of the market fell sharply compared with last week. At present, the downstream procurement just needs small orders, and some are waiting for lower prices. Market reference: the atmosphere of Hebei market is flat, and the calcium carbide method type 5 material is reported to be delivered at about yuan/ton; In Changzhou market, the mainstream price of type 5 calcium carbide method is around yuan/ton

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

● PS Market: some market prices fell continuously last Friday. The market inquiry atmosphere is still poor, and the downstream just needs to purchase, so there is a certain bargaining space for the firm offer. Quotation reference: Dongguan market prices fell, Zhenjiang Qimei pg33 reported 8180 yuan/ton; Shantou market continued to reduce prices and increase volume, and Xinghui 118 reported 7280 yuan/ton

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

● ABS market: the market price fell partially on Friday. Downstream demand is still weak, and merchants mainly sell goods at a profit, and there are negotiations on actual orders. Quotation reference: the reference quotation of Dongguan market fell back, and Ningbo Taihua 15e1 reported 95 to preheat the machine for 20 30min, 00 yuan/ton; Shantou market reference price fell, and Jihua 150 reported 9700 yuan/ton

today, more than 60000 sets of other medical measuring instruments have been verified or calibrated; The next day forecast of more than 26000 measurement technology services: it is expected that today's market share will continue to decline

● PET bottle chip Market: the market was weak and deadlocked last Friday. PTA and ethylene glycol recovered in a narrow range, but the increase was limited. Most of the offer of bottle and chip manufacturers were flat, and some were slightly reduced by 50 yuan/ton, and the focus of market negotiation weakened. Due to the fear of falling mentality of downstream manufacturers, replenishment is limited, and the overall trading on the site is poor. Market reference: the price of water bottle material 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

forecast today: it is expected that the market price will be adjusted slightly today

● pet waste recycling market: the market was weak last Friday. The new material is at a new low, the regeneration market atmosphere is pessimistic, the cleaning plant operates according to the market, the shipment is general, and the tight supply of recycled bottles and chips does not change. The downstream chemical fiber plant replenished goods on demand, did not change the idea of cost control, suspended the receipt of goods individually, and the overall trading in the field was not prosperous. Market reference: the imitation Dahua on machine white film in East China market is about 4700 yuan/ton

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

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