China Plastic Market Analysis
Dalian Plastics Futures on the 24th on the strong side shocks
, the main 1305 contract closed at 10,555 RMB / ton, up 10 RMB. Basically plastic downstream enterprise overall demand insipid, but a slight boost parts, order gradually increase the price of the raw material, agricultural film high consolidation, manufacturer inventory of raw materials keep low, demand procurement mainly limited support on the price upward momentum. This Dalian Plastic 1305 slightly open lower 24 date price run below the 10-day moving average, after early rising cycle temporarily combined spot fundamental news is not ideal, the short-term to continue to rise or pressure.
1.PE market
PE market prices is generally stable with a little changed. International oil prices, LLDPE futures opened lower shock by the petrochemical price stability support temporary stability, quotes and more to maintain a small order. Terminal weak demand, picking up enthusiasm is not high, the overall clinch a deal is not good. Mainstream price: LDPE :11350-11900 RMB / ton, LLDPE :11300-11600 RMB / ton HDPE: drawing materials 11350-11700 RMB / ton, plastic injection 10950-11700 RMB / ton, the film material 11400-12000 RMB / ton, hollow material 11200-12200 RMB / ton.
On 24th, the LLDPE market trend is still smooth, listing the situation changes, the number listed earlier increased slightly. Traders peace of mind, watching the market atmosphere, the quotation of prices continue to hold steady unchanged. HDPE market stability is going well, part of the trend of improvement, listing conditions basically stable, listed quantity is big changes in the early time. Traders mentality more positive, more bullish market outlook in psychological, price stability is raised.
2. PP market
The weekend though the lower crude oil is low, but near the end of the month, and part of the supply of goods less petrochemical sales pressure is not big, the factory price stability. Affected by this, the majority of traders peace of mind, the intention of the low prices last week was significantly weakened. Downstream demand is still weak, factory sourcing cautious mainly and high turnover is limited. Domestic Drawing / Note plastic at 10900-11300 RMB / ton, the domestic copolymer materials at 11300-12350 RMB / ton, import copolymer material at 11550-12600 RMB / ton, monofilament powder at 10,750 RMB / ton.
The PP market continued in the 24th morning largely stable, listing the situation improved slightly in earlier, the number of lists have increased. Traders mentality stable, having a generally steady wait-and-see attitude. Quote aspects of maintenance of stability mainly, some grades slight ups and downs.
3.PVC market
Crude oil lower, with supply and demand side failed to improve, plus PVC market prices of basic changed under the influence of the many uncertainties, mainly weak consolidation. Multi-merchant shipping, weak demand in the downstream plant, purchase with caution, there is no breakthrough in the trading. Vinyl material mainstream offer 6800-6900 RMB / ton, 5 type electric stone mainstream offer in 6700-6900 RMB / ton, the actual transaction can be discussed.
4.ABS market
ABS market conditions continued the trend last weekend, warming slightly. Domestic mainstream brands is mostly smooth quoted, some of the imported grades have risen. Traders offer smooth operation. The downstream plant procurement pace is still slow, with the use of share-based. The latest domestic ABS mainstream offer to 15100-15800 RMB / ton, the the imported ABS mainstream quotations 15500-18400 RMB / ton.
5. PS market
The PS market quotes continuation-in-part of a small rise steadily, traders concerned about the changes in the ex-factory price of petrochemical enterprises on the one hand and, on the other hand remain cautious, more difficult to grasp the feeling of the current market, so the enthusiasm is not high. Expected, short-term market prices may be the main market consolidation.
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by: vera_liu
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