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First, the PE market
The market price of PE continued to weaken, but the margin was limited, mostly falling steadily, but some industries remained bearish on the outlook. The market still had downside, and its mentality was poor. Downstream buyers have low enthusiasm for receiving goods, and there are few transactions in the market.
LLDPE listing conditions, some brands have made adjustments, the range of 20-100 yuan / ton. Some HDPE grades offer adjustments, ranging from RMB 50-300/ton.
Linfen PE market maintained its decline, falling by 50-100 yuan/ton. The weak shock of LLDPE futures can hardly stimulate buyers' buying enthusiasm, and the atmosphere of market transactions is light.
It is expected that the short-term PE market may continue to decline.
Second, the PP market
PP market mainstream weakness consolidation. Oil prices rebounded weakly overnight and the market sentiment stabilized. At the same time, due to the weak rebound in raw material propylene prices, the PP market slowed down. Due to the negative pressure from downstream demand, business panic was aggravated, and merchants continued to take advantage of the release of goods, but the downstream buying interest was still light and the overall market turnover was low.
PP listing situation, some brands offer adjustments, the range of 20-300 yuan / ton. The manufacturers are mainly Shanghai Petrochemical and Yangzi Petrochemical. The trading varieties are mainly T30S and M1600E, and the warehouses are mostly in Yuyao.
The PP market in Beijing is dominated by weak consolidation. The price of each product tends to soften at around RMB 50/ton, but the overall turnover is sluggish. The firm can talk about it. The drawing mainstream is about RMB 10,500 to RMB 10,600/ton, and the copolymerization is at RMB 10,900 to 11,200/ton. up and down.
It is expected that the short-term PP market may narrow its consolidation.
Third, PVC market
The overall PVC spot market is dominated by stability. The market is still being suppressed by the previous low-end futures sources. The transaction is difficult to pick up, and some low-level sources are still reported. However, most businesses are under greater cost pressure, and their adjustment intentions are not high, and most of them are stable shipments.
It is expected that the short-term PVC market may continue to stabilize.
Fourth, ABS market
The ABS market mostly focuses on stable consolidation. At present, the atmosphere of the ABS market is light. In the face of the current market situation, most of the downstream manufacturers maintain a wait-and-see attitude, and only heard small and small orders.
It is expected that the market outlook for the ABS market will remain stable in the short term, and the possibility of a fall may not be ruled out.
V. PS Market
The mainstream quotes in the PS market have stabilized and some market prices have slightly weakened. PS factory price basically stabilized, affected by the downturn of the styrene market, PS market turnover is poor, some businesses pessimistic attitude, adequate supply of the market, the performance of downstream demand sluggish.
It is expected that the short-term PS market may stabilize.
Pessimistic atmosphere spreads weak market consolidation
On the 3rd, the spot market for plastics was basically stable and small, and some markets were weak. The report on good car and home sales shows that the U.S. economy is recovering steadily and international oil prices have risen slightly. The market's mentality has been supported, but it has not improved. Businesses still hold a bearish view on the market outlook, and downstream demand continues to be poor. The factory's buying interest is still light and the overall turnover is low.