December 10 Plastics Market Forecast

China's export data fell for the fourth consecutive month, economic worries caused by trade risks persisted, and the UAE energy minister was concerned that deeper production cuts would have limited effect, while international oil prices

edged down on the 9th. WTI crude oil futures fell 0.17 USD to close at 59.03 USD/barrel; Brent crude oil futures fell 0.14 USD to close at 64.25 USD/barrel.

Yesterday the market atmosphere was one of waiting and seeing, with prices fluctuating in a narrow range. Linear futures moved higher, most traders raised their offers, prices of some loose resources moved down slightly, and the atmosphere for actual transactions was average. The enthusiasm of downstream factories for taking goods showed no improvement; apart from purchases needed to maintain essential production, buying interest was generally not high. Market reference: offers in the Hebei market were consolidating, Daqing

2426H was quoted at 8,300 yuan/tonne; prices in the Linyi market rose, Shenhua 2426H was quoted at 8,050 yuan/tonne excluding tax; quotations in the Shenyang market softened, Fushun 2911 was quoted at 8,000 yuan/tonne.

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

Yesterday the market trend was on the weak side, with prices mainly fluctuating downward. Due to the lack of effective positive guidance, the wait-and-see mood in the market was obvious, and many traders continued to quote flexibly in order to sell goods and avoid risks. Downstream demand remained flat, factories were cautious in actual purchasing, and overall trading showed little improvement. Market reference: prices in the Xiamen market were consolidating weakly, Sinochem Quanzhou

L5E89 was quoted at 8,350 yuan/tonne; offers in the Chengdu market consolidated, China Coal V30G was quoted at 8,750 yuan/tonne; prices in the Shanghai market fell, Shaoxing Sanyuan T30S was quoted at 8,250 yuan/tonne.

Today's forecast: prices may edge down today.

PVC market:

Yesterday the market moved in a narrow range. Traders mostly adjusted their quotations according to their own inventories, and some traders with limited stock kept prices firm. Downstream enterprises remained resistant to high prices, purchasing only to meet rigid demand and taking orders cautiously, and overall trading in the market was average. Market reference: the Changzhou market edged up,

mainstream prices of type 5 calcium carbide material were 7,100-7,230 yuan/tonne; quotations in the Guangzhou market were raised, Yili type 5 material was quoted at 7,410 yuan/tonne; quotations in the Qilu Chemical City market were lowered, Xinfa type 5 was quoted at 7,070 yuan/tonne.

Today's forecast: prices are expected to fluctuate slightly within a stable range today.

Yesterday the market operated normally on the whole, with some prices rising slightly. Supported by rising feedstock styrene, positive factors were released in the market, traders took the opportunity to push prices up, and the market trading atmosphere improved slightly. Downstream demand still showed no improvement, most factories remained on the sidelines, and actual purchases were limited. Market reference: quotations in the Shantou market rose generally,

SKG-118 was quoted at 8,720 yuan/tonne; some offers in the Dongguan market moved higher, Ning 5250 rose by 70 yuan to 8,650 yuan/tonne; quotations in the Beijing-Tianjin-Hebei market consolidated in a narrow range, PetroChina 500NT was quoted at 9,200 yuan/tonne.

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

ABS market:

Yesterday the market performed better than in the earlier period, with some prices rising. Market factors were complex and changeable; traders were cautiously bullish on the outlook and paid close attention to upstream trends and petrochemical developments. Downstream factory demand failed to follow through, and the market trading atmosphere remained light. Market reference: quotations in the Dongguan market moved up steadily, Ning

15E1 rose by 180 yuan to 11,580 yuan/tonne; quotations in the Ningbo market were roughly stable, 121H Yongxing was quoted at 12,300 yuan/tonne; some quotations in the Yuyao market moved higher, 0215A was quoted at 12,250 yuan/tonne.

Today's forecast: the market is expected to consolidate with a firmer bias today.

Yesterday the market's center of gravity moved up.

PTA main contracts recovered, ethylene glycol posted acceptable gains, the cost side continued to rise, and bottle chip factories raised prices by 50-100 one after another. Market participants held a firm-price stance, downstream inquiries increased, and the trading atmosphere in the market was acceptable. Market reference: water bottle material in the East China market was referenced at 6,400-6,500; water bottle material in the South China market was referenced at 6,500-6,600 self-pickup; water bottle material in the North China market was referenced at 6,400-6,500 self-pickup.

Today's forecast: the market is expected to continue its firm trend today.

PET scrap recycling

Yesterday offers in some regions moved up in a narrow range. The virgin material market recovered, but its boost to the recycled market was limited. Scrap collection was slow, supply decreased, and the supply of recycled bottle flakes was tight. Washing plants still held back sales at low prices and operated in line with the market. The production and sales of recycled chemical fiber improved slightly in some regions, but overall end-user demand remained weak and manufacturers operated cautiously. Market reference: white flakes for imitation large-scale chemical fiber on machine in the East China market stood at

around 5,050 yuan/tonne, excluding tax.

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

——This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-354164.html