China Plastics Weekly Quotes (August 16 - August 20)

This week, the market conditions of China's plastics market under the premise of adverse environmental bad circumstances, dragged down by the sharp drop in crude oil, the overall market trend is shocking Yindie. Judging from the current state of the market, there is no possibility of a bad stop. The economic data released by the United States shows that the outlook is pessimistic, and the international crude oil has been falling for a long time. Both have hit market sentiment heavily and stimulated the market's decline. On the one hand, the domestic A-share market was frequently blocked at 2670 points, LLDPE** fell sharply, the main contract 1101 is currently based on the 20-day moving average line, PE market outlook is ambiguous, there is room for price drop, petrochemical ex-factory prices are relatively stable, supporting the entire market Traders have a weaker sense of shipping, and the short-term market is difficult to improve. The market will be dominated by the decline, and the possibility of a major drop will be relatively small.
Polyethylene (PE)

This week, the price of plastics in the PE market of China Plastics City decreased. The decline in international crude oil, the market sentiment turned worse. Traders mainly ship, but the downstream holdings are more likely to wait and see, the intention to enter the market is weak. LLDPE mainstream quoted at 9700-9900 yuan / ton. Mainstream price: LDPE yuan / ton, LLDPE yuan / ton, HDPE: drawing material 10600-11300 yuan / ton, injection plastic: 9400-10800 yuan / ton, film material 9700-11400 yuan / ton, hollow material 9850-11900 yuan / Ton. It is expected that the PP market will fall more likely next week.

Polypropylene (PP)

This week, China's plastic city PP market price as a whole stabilized, the actual transaction price slightly loose. The decline in crude oil did not cause market panic. Most businesses continued to stay on the price side, with a light atmosphere. The ex-factory price of petrochemicals remained stable, and most market participants expected that the recent market decline will not be too large. At present, domestic mainstream wire drawing/injection molding reported 10,700-11,600 yuan/ton, domestic mainstream copolymer material reported 10900-12,000 yuan/ton, imported copolymer material mainstream reported 11300-12800 yuan/ton, monofilament powder mainstream reported 10,600 yuan/ton. It is expected that the PP market will be more likely to oscillate next week.

ABS resin

This week, the ABS offer continued to stabilize across the board. The overall inventory of the manufacturers was low. Some manufacturers continued to deliver pre-orders, leaving no pressure on sales and inventory. The majority of ABS markets around the market offer a steady increase in the offer, a small part of the steady increase, the supply on the market is still small, the stability of all parties, the downstream demand-based procurement, the poor atmosphere of the consultation. The key to truly stimulating the market is still the release of downstream demand. At present, the latest domestic mainstream ABS offer is 16400-16800 yuan / ton, imported ABS mainstream quoted at 16600-17000 yuan / ton. It is expected that the ABS market will be mainly stable next week.

Polystyrene (PS)

This week China's Plastic City PS market has a quiet atmosphere. The quotation is flat at 8900 yuan/ton, and the mainstream talks are lacking. Most of the markets were less active in negotiations, the prices were stable and small, and some materials were fluctuating narrowly, ranging from RMB 50-100/ton. At present, the supply of low-priced materials in the market is difficult to find, and transactions of high-priced goods are difficult. Downstream demand was weak and the market was cold. Currently the latest GPPS mainstream offer is 10200-10800 yuan / ton, HIPS mainstream quoted at 11200-11800 yuan / ton. It is expected that the PS market will fall predominantly next week and there will be no big market.

Polyvinyl chloride (PVC)

This week, the PVC market of China Plastics City was slightly lighter, and high-priced transactions encountered resistance. The supplier pressure is not large for the time being. The ** adjustment is still within the expected range. Most merchants can maintain their attitudes and wait to see their prices. It is expected that the market will continue to focus on consolidation. The current mainstream price of vinyl material 7700-7800 yuan / ton, 5 types of electric stone mainstream quoted at 7200-7700 yuan / ton.