January 2 Plastics Market Forecast

Market sentiment was flat on Tuesday, with prices consolidating in some segments. Linear futures fluctuated downward, and most traders held their cargo and stayed on the sidelines, waiting for the market direction to become clear. End-user demand showed no obvious performance; although normal purchasing was maintained, it was mainly in small volumes for essential needs, and overall trading showed no improvement. Market reference: quotations in the Shunde market were consolidating, Maoming

2426K was quoted at 7620-7650 yuan/tonne tax-free; quotations in the Changzhou market were consolidating, with Yangzi 5000S at 8000 yuan/tonne; quotations in the Hebei market were consolidating, with Jihua/Daqing 7042 at 7300-7350 yuan/tonne.

Today's forecast: The market is expected to fluctuate slightly today.

Quotations were largely stable with minor changes on Tuesday. Polypropylene futures fluctuated lower, and traders, pessimistic about the outlook, actively pre-sold, but spot supply was limited. End-user demand did not improve markedly, factories made actual purchases mainly as needed, trading conditions remained less than ideal, a wait-and-see mood was relatively strong in the market, and trading volumes did not pick up. Market reference: quotations in the Hangzhou market were consolidating, Shaoxing

T30S was pre-sold at 7850 yuan/tonne; the Hebei market was largely stable with minor changes, with Zhongtian Hechuang K8003 at 8400 yuan/tonne; the Chengdu market was steady and consolidating, with China Coal V30G at 8150 yuan/tonne ex-warehouse.

Today's forecast: The market is expected to move sideways today.

PVC market:

Market changes were limited on Tuesday, with some grades rising and others falling. Traders were eager to sell, with some offering discounts. End users purchased mainly as needed, and a strong wait-and-see mood prevailed. Market reference: quotations in the Qilu Chemical City market were lowered, calcium carbide material

Grade 5 material was mainly quoted at around 6950-7000 yuan/tonne including tax, ex-warehouse; in the Guangzhou market some ethylene-based material was raised, with mainstream quotations for ordinary calcium carbide material at 7230-7260 yuan/tonne; the Changzhou market moved lower, with mainstream grade 5 calcium carbide material at 6950-7020 yuan/tonne.

Today's forecast: The market is expected to be largely stable with minor changes today, and some quotes may still edge down within a narrow range.

The market weakened and consolidated on Tuesday. Feedstock styrene fluctuated on the weak side, and with buying interest thin, traders gave discounts to move cargo, actual transactions were slightly lower, and the circulation of materials in the market was slow. Market reference: quotations in the Shunde market edged down within a narrow range, Guangzhou

525 was quoted at 8400 yuan/tonne; quotations in the Ningbo market were weak but steady, with Saibaolong 525 at 9100 yuan/tonne; quotations in the Yuyao market were broadly steady, with PH-88 quoted at 10900 yuan/tonne.

Today's forecast: The market is expected to be broadly steady today, with some quotations moving lower.

ABS market:

The market was mostly stable on Tuesday, with some grades drifting lower in certain areas. Cost-side support was moderate, downstream demand remained lackluster, most players held a wait-and-see attitude and shipped mainly as needed. Market reference: quotations in the Dongguan market consolidated within a steady range, Daqing

750A was quoted at 11400 yuan/tonne; quotations in the Ningbo market were mainly stable, with 417 at 11680 yuan/tonne; quotations in the Yuyao market were broadly steady with gains and losses in some areas, with 757K at 12900 yuan/tonne. Overall market performance was moderate, and some quotes in the market were adjusted.

Today's forecast: The market is expected to continue its weak consolidation today.

Prices changed little on Tuesday.

PTA prices declined and ethylene glycol edged down, weakening cost support; most market participants held firm on prices, bottle chip producers kept quotations stable for the time being, and the focus of market negotiations trended toward the low end. Traders followed the market, downstream enterprises purchased cautiously, and overall trading was moderate. Market reference: water bottle material in the East China market was referenced at 6500-6650; water bottle material in the South China market was referenced at 6500-6600 ex-warehouse; water bottle material in the North China market was referenced at 6500-6650 ex-warehouse.

Today's forecast: The market is expected to fluctuate within a narrow range today.

PET Waste Recycling

Prices ran steadily on Tuesday, the virgin material market consolidated within a range, and sentiment in the recycled market was flat. With the cold winter weather, the collection of raw scrap was slow, supply of recycled bottle flakes was tight, washing plants were reluctant to sell at low prices, and trading in the market was deadlocked. End-user enterprises showed little interest in stockpiling raw materials, and chemical fiber plants purchased mainly for essential needs. Market reference: imitation polyester-grade machine-made white flakes in the East China market were at

around 5250 yuan/tonne, tax excluded.

Today's forecast: The market is expected to run quietly and steadily today.

——This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-354426.html