December 17 Plastics Market Forecast

International oil prices edged slightly higher on Monday as investors expected the phase-one trade agreement announced by China and the United States last Friday to boost energy demand, though prices remained below the three-month high reached in the previous trading session.

January WTI crude oil futures closed 0.14 US dollars, or 0.2%, higher at 60.21 US dollars per barrel. February Brent crude oil futures closed 0.12 US dollars, or 0.2%, higher at 65.34 US dollars per barrel.

The market was mostly stable yesterday with localized adjustments. Linear futures rose slightly, and traders adjusted their offers in line with the market, with some quotations moving up marginally. Downstream factories were hard to motivate to purchase, their enthusiasm for entering the market was limited, and demand follow-through was weak. Market reference: prices in the Shantou market were consolidating, with Maoming

2426K quoted at 7,950 yuan/tonne; quotations in the Hangzhou market were largely stable with minor movements, with Zhenhai 7042 quoted at 7,550 yuan/tonne; quotations in the Qilu Chemical City market were consolidating, with Qilu 7042 quoted at 6,930 yuan/tonne.

Today's forecast: the market is expected to continue its range-bound consolidation today.

Market prices fluctuated within a range yesterday. International crude oil and polypropylene futures moved upward, but their guidance for the spot market was limited. Petrochemical ex-works prices were largely stable with minor movements, and traders held a bearish view of the outlook, shipping goods at small concessions. Downstream factories showed no improvement in taking delivery and continued to purchase on a need basis to maintain normal production. Market reference: some prices moved down in the Hangzhou market, with Shaoxing

T30S quoted at 8,000 yuan/tonne; the Linyi market operated at low levels, with Baofeng K8003 quoted at 8,750 yuan/tonne; the Lanzhou market edged lower, with Ningxia T30S at 7,800 yuan/tonne.

Today's forecast: market prices are expected to adjust weakly today.

PVC market:

The market was basically stable yesterday with isolated small declines. Traders' sentiment was temporarily steady, and their willingness to operate was weak early in the week, with most taking a wait-and-see approach. Downstream factories were hard to motivate to purchase, and actual transactions followed up slowly. Market reference: individual grades were adjusted in the Shantou market,

with mainstream quotations for Type 5 at 7,300-7,450 yuan/tonne; quotations were lowered in the Guangzhou market, with mainstream quotations for ordinary calcium carbide material at 7,250-7,360 yuan/tonne; the Changzhou market was mainly consolidating, with mainstream Type 5 calcium carbide material at 7,100-7,200 yuan/tonne.

Today's forecast: the market is expected to remain mainly stable today with isolated adjustments.

Quotations in the market rose and fell in some regions yesterday. Traders faced relatively low inventory pressure and mostly kept light positions with stable offers. Market buying interest was average, with considerable wait-and-see sentiment. End users purchased only on rigid demand, and transactions were heard to be relatively few. Market reference: quotations in the Shunde market were roughly steady,

with PG33 quoted at 10,150 yuan/tonne; quotations in the Dongguan market were steady to lower, with Guang 525 quoted at 9,130 yuan/tonne; quotations in the Yuyao market were generally steady with gains and losses in some grades, with 118 quoted at 9,900 yuan/tonne.

Today's forecast: the market is expected to remain mainly steady today with isolated minor movements.

ABS market:

Market prices were stable yesterday with isolated minor movements. Traders and downstream enterprises held strong wait-and-see sentiment and low willingness to operate, and actual trading in the market left much to be desired. Market reference: quotations in the Dongguan market were steady with consolidation, with Tai

757 quoted at 11,720 yuan/tonne; quotations in the Ningbo market were basically stable, with 121H Yongxing quoted at 12,400 yuan/tonne; quotations in the Yuyao market moved slightly in some grades, with 0215A quoted at 12,350 yuan/tonne.

Today's forecast: the market is expected to be steady with minor movements today.

The market operated with a slightly firmer tone yesterday. Polyester raw material

PTA continued to rise, and supported by costs, bottle chip producers raised some of their offers, with traders in the market quoting higher accordingly. Although downstream demand remained weak, producers' shipment pace accelerated, and along with low inventory levels, this supported the market trend. Market reference: reference prices for water bottle material in the South China market were 6,600-6,700 yuan/tonne; reference prices for water bottle material in the East China market were around 6,550-6,650 yuan/tonne.

Today's forecast: market prices are expected to be largely stable with minor movements today.

PET waste recycling

Market prices changed little overall yesterday. Winter reduced material recovery, and the supply of recycled bottle flakes gradually tightened, supporting market prices, with the recycled market showing a slightly firmer trend. Sales of downstream recycled chemical fiber were average, and producers purchased raw materials cautiously; market trading was acceptable, with most firm deals subject to detailed negotiation. Market reference: in the East China market, machine-use white flakes imitating large-scale chemical fiber were at

around 5,100 yuan/tonne, tax excluded.

Today's forecast: the market is expected to operate steadily to slightly firmer today.

——This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-354265.html