December 19 Plastics Market Forecast

International oil prices were basically stable on Wednesday, as U.S. commercial crude inventories did not decline and demand was expected to improve.

January WTI crude oil futures settled down 0.01 dollars, or 0.02%, at 60.93 dollars per barrel. February Brent crude oil futures settled up 0.07 dollars, or 0.11%, at 66.17 dollars per barrel.

Market prices fluctuated within a narrow range yesterday. Linear futures moved lower amid volatility, traders focused on shipping, offers edged down, and the atmosphere for negotiating actual deals was light. Downstream factories showed moderate purchasing enthusiasm, continuing to enter the market on an order basis to meet normal production needs, and it may still take time for the market to shake off its current weakness. Market reference: prices in Xiamen were stable, Fujian

7042 was quoted at 7400 yuan/tonne; quotes in Zhengzhou were stable, with Daqing 5000S quoted at 7900 yuan/tonne; quotes in Shanghai were stable, with SECCO 0220AA quoted at 7700 yuan/tonne.

Today's forecast: some offers are expected to be slightly adjusted today.

The market remained weak yesterday, with mainstream quotes edging down during the session. Polypropylene futures opened lower, dampening sentiment, and combined with unsmooth shipping by traders, unease in the market persisted, making a major overall improvement unlikely. Downstream factories continued small-lot restocking, buying only as needed, and overall trading was light. Market reference: the Wuhan market continued to slide, Jingmen Petrochemical

T30S was quoted at 7800 yuan/tonne; prices in Hebei drifted lower, with Daqing Refining & Chemical EPS30R quoted at 9100 yuan/tonne; the Nanjing market consolidated weakly, with Yangzi K8003 quoted at 9500 yuan/tonne.

Today's forecast: the market is expected to continue falling weakly today.

PVC market:

The market was mainly stable yesterday. Apart from a few producers making slight adjustments to ex-works prices, most quotes were stable. Recently, producers have focused mainly on fulfilling earlier pre-sales,

and the room for negotiation on January orders was relatively large. Market trading sentiment was light, and shipments were moderate. Market reference: offers in Guangzhou changed little, with mainstream ordinary calcium carbide material quoted at 7260-7380 yuan/tonne; a few grades in the Qilu Chemical City market eased slightly, with mainstream Type 5 calcium carbide material quoted tax-inclusive at around 7045-7055 yuan/tonne self-pickup; offers in Changzhou were stable, with mainstream Type 5 calcium carbide material at 7100-7200 yuan/tonne.

Today's forecast: the market is expected to stabilize today.

The market held steady yesterday, with some areas in South China edging lower. The mainstream market still showed no obvious improvement, most traders took a wait-and-see approach and operated step by step, downstream demand was flat, and there was room for negotiation on actual transactions. Market reference: quotes in Shunde edged lower, Guangzhou

525 was quoted at 9000 yuan/tonne; prices in Dongguan fell from a stable level, with SK 127 quoted at 9400 yuan/tonne; quotes in Yuyao were generally steady, with 118 quoted at 9900 yuan/tonne.

Today's forecast: the market is expected to remain broadly stable today, with a few adjustments.

ABS market:

Market prices consolidated weakly yesterday. Traders struggled to ship and actively offered discounts to move cargo, the overall trading atmosphere remained light, and downstream buying was mainly for rigid needs. Market reference: quotes in Dongguan consolidated on a weak note, Tai

850 was quoted at 10,920 yuan/tonne; quotes in Ningbo were mainly steady, with 121H Yongxing quoted at 12,450 yuan/tonne; quotes in Yuyao were generally steady, with 121H quoted at 12,500 yuan/tonne.

Today's forecast: the market is expected to be mainly stable today, with local fluctuations.

The market center edged up yesterday. International oil prices rose,

PTA fluctuated up and down, ethylene glycol rose, support for the PET market strengthened, and producers became more determined to hold prices firm. Downstream demand showed little improvement, with buying still on a need-to basis, and overall trading was moderate. Market reference: water bottle material in East China was around 6550-6700; water bottle material in South China was around 6600-6700 self-pickup; water bottle material in North China was around 6550-6700 self-pickup.

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

PET waste recycling

The market center held yesterday, with prices raised in some regions. Supported by virgin material, the recycled market consolidated mildly. Recycled bottle flake volumes in the market gradually decreased, the supply side provided price support, and washing plants were less willing to ship at low prices. Chemical fiber plants shipped moderately and mostly purchased raw materials flexibly on a need-to basis, with moderate trading in the market. Market reference: machine-processed white flakes imitating major chemical fiber in East China were at

around 5150 yuan/tonne, tax-exclusive.

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

——This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-354318.html