December 31 Plastics Market Forecast

Buoyed by optimism over an anticipated China-US trade agreement and sound industrial data, while traders kept a close watch on the Middle East situation after US airstrikes on Iraq and Syria, international crude oil futures rose to a three-month high on Monday.

February WTI crude oil futures settled down 0.04 USD at 61.68 USD per barrel. February Brent crude oil futures settled up 0.31 USD at 68.47 USD per barrel.

Yesterday the market was lacklustre, with prices mainly consolidating. Linear futures opened lower and moved up; trading sentiment was rather cautious at the start of the week, and traders quoted offers and sold in line with the market. Downstream factories continued to purchase on a need basis, actual trading was moderate, and deals were negotiated. Market reference: Xiamen market prices consolidated, Shenhua

2426H was quoted at 8,030 yuan/tonne; the Hangzhou market was largely stable with minor movements, Zhenhai 7042 was quoted at 7,400 yuan/tonne; Tianjin market prices consolidated, Daqing 2426H was quoted at 8,150 yuan/tonne.

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

Yesterday market trading was lacklustre, with prices adjusting in some areas. As no favourable guidance emerged, most traders remained cautious and continued mainly to move goods flexibly and cut positions by conceding margins. Downstream factories showed moderate purchasing enthusiasm, and no greater progress was ever seen. Market reference: Hangzhou market offers consolidated, Shaoxing

T30S was quoted at 7,850 yuan/tonne on a pre-sale basis; the Xiamen market was steady with fluctuations, Fujian Refining & Petrochemical 1080K was quoted at 7,850 yuan/tonne; the Hebei market consolidated within a narrow range, Dushanzi K8003 was quoted at 8,800 yuan/tonne.

Today's forecast: market prices are expected to adjust within a narrow range today.

PVC market:

Yesterday the market trended down from stable levels. Arrivals in the market increased, and producers showed a clear intention to cut prices because of poor forward pre-sales. Traders said trading still showed no obvious improvement, sentiment was temporarily calm, and most operated in line with the market. Market reference: Hebei market offers loosened slightly, calcium carbide method

Type 5 material was 6,280-6,320 yuan/tonne delivered, tax excluded; Guangzhou market offers were cut sharply, with mainstream quotes for ordinary calcium carbide material at 7,230-7,260 yuan/tonne; Hangzhou market prices were lowered, with type 5 calcium carbide material in the range of 6,850-7,050.

Today's forecast: the market is expected to remain on the weak side today.

Yesterday the market was generally stable with minor consolidation in some areas. External trends were slightly better, but downstream continued to purchase on a need basis, and overall market trading was lacklustre. Traders expected a flat outlook and took little practical action. Market reference: Dongguan market prices consolidated slightly, SK

118 was quoted at 9,500 yuan/tonne; Ningbo market quotes fluctuated little, Saibaolong 525 was quoted at 9,150-9,200 yuan/tonne; Yuyao market quotes were generally steady, GPS-525 was quoted at 9,150 yuan/tonne.

Today's forecast: the market is expected to remain stable today, with some slight declines.

ABS market:

Yesterday the market consolidated weakly, with quotes for some grades fluctuating. As downstream users mainly bought as needed, market trading changed little. Traders remained cautious in sentiment and mostly took short-term positions. Market reference: some Dongguan market offers declined, Ning

15A1 was quoted at 11,600 yuan/tonne; Ningbo market quotes were basically steady, 121H Yongxing was quoted at 12,450 yuan/tonne; Yuyao market quotes were largely stable with local gains and losses, 757K was quoted at 12,900 yuan/tonne.

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

Yesterday the market's price centre was range-bound. Both polyester feedstock materials rose slightly, cost-side support was sound, and participants were steady in sentiment; most bottle chip factories kept quotes stable, with a few testing higher levels. Traders' offers were temporarily stable, downstream buying failed to follow through, and market trading sentiment was quiet. Market reference: East China market water bottle material reference

6,500-6,650; South China market water bottle material reference 6,500-6,600 ex-works pickup; North China market water bottle material reference 6,500-6,650 ex-works pickup.

Today's forecast: prices are expected to change little today.

PET waste recycling

Yesterday the market was mainly in a wait-and-see consolidation. Bottle scrap collection was difficult in winter, recycled bottle flake supply was tight, and washing plants showed moderate willingness to ship. Traders operated cautiously, end-user demand was sluggish, chemical fibre producers saw mediocre output and sales, and flexible, need-based raw material purchasing remained the main approach, with market trading sentiment deadlocked. Market reference: East China market white flake for spinning, imitation staple grade, at

around 5,250 yuan/tonne, tax excluded.

Today's forecast: lacking substantive positive factors, the market is expected to consolidate within a narrow range today.

——This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-354409.html