Week Comment: Plastic City Market Down As Low Volumes Do Not Change
HC plastic mesh News: China Plastics City Market this week in general has declined
, some rate increase, a more sluggish market performance. Limited efforts to lower the market accept the goods, the demand is always difficult to heavy volume, the actual transaction is hard to change or market conditions can cause the root cause before the trip. Monomer prices sharply lower, crude oil and makes the cost of supporting efforts to weaken; CNPC, SINOPEC have lower ex-factory price, traders lack of confidence in the market outlook, the bearish mood darker, not to avoid risk, operational implementation of none other shipping phenomenon occurs when, under the influence of the many factors led to lower market prices and the prices continue to fall. Dominant factor in the bad situation, in order to get rid of weakness, the key is whether the end demand has improved, but the face of the current market situation, most of the main downstream manufacturers to maintain the sidelines. The editor is expected difficult market conditions next week, improved plastic phenomena, may also have some space or out of disadvantaged correction downward trend.
Polyethylene (PE) PE China Plastics City this week to continue down the market price, the trend is weaker. With international crude oil and ethylene monomer prices down sharply, with the oil, SINOPEC gradually reduced Chuku Jia, resulting in a climate of increasingly concentrated market bearish. Mentality of the market as a whole more pessimistic, optimistic and most traders do not, none other ship is universal. But the offer did not arouse the downstream market to reduce the procurement passion, no significant improvement in the actual transaction. PE next week the market is difficult to change this vulnerable situation, and the prices still further downside may be.
Polypropylene (PP) PP China Plastics City this week in shock in the market price lower, with overall performance of the weak. Expected last week as market conditions this week, there is still some PP decreased, mainly due to weakness in the upstream market, and petrochemical enterprises in lower ex-factory price, which led to the loss of market confidence. Which makes the fundamental reason the market is still depressed and sluggish downstream demand is difficult to heavy volume, the actual transaction can not be improved. Fortunately, the market now, but also office high overall cost, and the prices will not deep down. PP downward pressure on the market next week down, not much.
ABS resin ABS Plastic City this week, market conditions in China have lower, weakening trend. Upstream market weak, crude oil fell, cut ex-factory price and other petrochemical companies have a serious impact on these factors, confidence in the market, traders put darker emotions, none other shipping phenomenon has occurred. The lower end demand market has not improved, manufacturers and more on hold, the actual transactions made poor or weak in this market is the fundamental factor. ABS market is expected next week, still can not get rid of the vulnerable state.
Polystyrene (PS) China Plastics City this week, market conditions have some PS to float downward phenomenon, poor atmosphere. In the international crude oil fell below 70 dollars, styrene monomer prices fell, with the domestic petrochemical enterprises and so have reduced the impact of ex-factory price, market confidence has been badly hit, leading to sharply lower the market price. The downstream side is still the same, and did not increase the purchasing enthusiasm. The current bearish market sentiment darker, estimated market has improved in the near term. PS next week there is still a decline in market conditions may be.
Polyvinyl chloride (PVC)
Week PVC Market in China Plastic City, a small increase in the fall phenomenon, the trend is not as before. Under the influence of various factors in the current market price has dropped, but the face of lower prices sharply lower, the market did not arouse enthusiasm for the procurement, operation, or to purchase based on demand, market transactions difficult to break the bleak situation . Although the cost of support for chlor-alkali enterprises remains, but some manufacturers offer has been loosening. PVC market is expected to remain weak next week consolidation trend.
by: lili
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