January 7 Plastics Market Forecast

US-Iran tensions continue; Brent crude once broke through

the 70 US dollar mark in intraday trading, but the market believes that the subsequent development of the Middle East situation remains unclear, and oil price gains eventually narrowed. The February WTI crude oil futures contract rose 0.22 US dollars, settling at 63.27 US dollars per barrel. Brent crude oil futures rose 0.31 US dollars to 68.91 US dollars per barrel.

Yesterday, market prices adjusted slightly, and the market atmosphere remained wait-and-see. Affected by the US-Iran conflict, linear futures rose broadly, and out of concern about the uncertainty of subsequent Iranian supply, traders moved most offers upward. Terminal demand showed little sign of improvement, and downstream users were generally lukewarm about taking cargo. Market reference: prices in the Tianjin market adjusted slightly, Daqing

2426H was quoted at 8,100-8,150 yuan/tonne; offers in the Guangzhou market adjusted, with Guangzhou 7042 quoted at 7,470-7,550 yuan/tonne; offers in the Hebei market consolidated, with Dushanzi 5502 quoted at 7,400 yuan/tonne.

Today's forecast: the market is expected to be quiet and consolidating today.

Yesterday, market prices adjusted within a narrow range. Polypropylene futures fluctuated upward, and petrochemical ex-works prices were largely stable with minor changes, which boosted traders' confidence in their offers to some extent, though the boost was limited, and actual transactions were mostly negotiated. Downstream willingness to take cargo was not high, terminal trading was light, and some transactions were acceptable. Market reference: Shanghai

the PP market moved lower in some areas, with Daqing Refining & Chemical T30S quoted at 7,800 yuan/tonne; the Chongqing market adjusted slightly, with Baofeng K8003 quoted at 8,800 yuan/tonne; the Hebei market was largely stable with minor changes, with Hohhot Petrochemical T30S quoted at 7,550 yuan/tonne.

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

PVC market:

Yesterday, the market was mostly stable, with some declines. Market arrivals increased, downstream purchasing did not keep pace, and the market showed a strong intention to adjust prices. As the Spring Festival approaches, downstream enterprises have little demand for stockpiling and mostly buy as needed. Market reference: offers in the Shantou market,

the mainstream quote for Type 5 was 7,050-7,200 yuan/tonne; spot prices in the Changzhou market weakened, with quotes for calcium carbide process Type 5 at 6,750-6,950 yuan/tonne.

Today's forecast: the market is expected to continue a narrow downward adjustment in some areas today.

Yesterday, the market was mostly stabilizing, with individual grades edging down slightly. Crude oil and domestic futures markets rose, but the market inquiry atmosphere did not improve noticeably, participants held a relatively strong wait-and-see sentiment, and actual transactions were negotiated. Market reference: quotes in the Shunde market were stable for the time being,

PG33 was quoted at 9,900 yuan/tonne; quotes in the Beijing-Tianjin-Hebei market were mostly stable, with PetroChina 500 quoted at 9,000 yuan/tonne.

Today's forecast: the market is expected to be quiet and stable today.

ABS market:

Yesterday, market prices fluctuated within a narrow range, with slight softening in some areas. The market ran on the weak side, traders followed the market, downstream buying interest was sluggish, and transactions were small. Market reference: the Ningbo market ran on the weak side,

0215A was quoted at 12,150-12,200 yuan/tonne; quotes in the Dongguan market consolidated, with Taiwan 757 quoted at 11,650 yuan/tonne.

Today's forecast: the market is expected to consolidate on a weak note today.

Yesterday, the market price center moved up, and the trading atmosphere was fair. With both polyester raw materials rising, supported by favorable cost factors, bottle chip producers raised their offers

by 50-150 yuan/tonne. Traders operated in line with the market and remained largely wait-and-see. Downstream buyers purchased as needed, and actual transactions were negotiated. Market reference: water bottle material in the East China market at 6,550-6,700; water bottle material in the South China market at 6,600-6,700 on ex-works pickup; water bottle material in the North China market at 6,550-6,700 on ex-works pickup.

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

PET recycled material

Yesterday, the market ran steadily for the time being, and the mainstream negotiation center was basically maintained. Raw scrap collection was not fast, recycled bottle flake supply was moderate, washing plants focused on wrapping up before the holiday and shipped less. Terminal demand was sluggish, chemical fiber plants planned shutdowns one after another, the overall operating rate declined, and actual deals in the market were scarce. Market reference: imitation virgin-grade white flakes for spinning in the East China market at

around 5,250 yuan/tonne, tax excluded.

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

——This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-354467.html