December 9 Plastics Market Forecast

OPEC+ agreed to step up production cuts, and international crude oil futures surged on the 6th. January WTI crude oil futures rose 0.77 USD, or 1.3%, to settle at 59.2 USD/barrel. Brent crude oil futures rose 1 USD, or 1.6%, to settle at 64.39 USD/barrel.

Last Friday the market atmosphere was light, with the market broadly stable and slightly lower. Linear futures fluctuated in a narrow range, petrochemical producers kept prices stable, traders were uncertain in sentiment and cautiously watched the market for a hot spot to provide direction. Downstream factories maintained ordinary purchasing, and trading showed little improvement. Market reference: prices in the Xiamen market eased, Fujian

7042 was quoted at 7,450-7,500 yuan/tonne; the Hangzhou market was broadly stable with minor movements, Secco 5502 was quoted at 7,700 yuan/tonne; prices in the Tianjin market declined slightly, Daqing 2426H was quoted at 8,200 yuan/tonne.

Today's forecast: prices are expected to consolidate in a narrow range today.

Last Friday prices were broadly stable with minor movements. Polypropylene futures fluctuated at low levels, weighing on market sentiment; traders actively shipped goods in line with the market, downstream factories responded negatively and took goods weakly, actual transactions were difficult to improve, and a market upturn still lacked fundamental momentum. Market reference: parts of the Ningbo market were weak, Shaoxing Sanyuan

T30S was quoted at 8,300 yuan/tonne; prices in the Shunde market adjusted little, Hainan V30G was quoted at 8,200 yuan/tonne; offers in the Lanzhou market consolidated, Dushanzi EPS30R stood at 8,900 yuan/tonne.

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

PVC market:

Last Friday the market moved within a narrow range, and quotations from some producers also eased slightly. The futures market continued to fall, traders' quotations were mostly stable with some local easing. Downstream demand remained cautious, factories mainly purchased for rigid demand, and actual transactions were limited. Market reference: offers in the Hebei market were stable, calcium carbide process

type 5 material was 6,400-6,480 yuan/tonne delivered, excluding tax; offers in the Shantou market consolidated in a narrow range, mainstream quotations for type 5 were 7,320-7,400 yuan/tonne; the Hangzhou market showed few changes, with type 5 calcium carbide material in the range of 7,120-7,220 yuan/tonne.

Today's forecast: the market is expected to fluctuate in a narrow range today, with some easing.

Last Friday the market performed rather flatly on the whole, with minor local movements. Feedstock styrene continued to test higher, but with the impact of imported goods, traders lacked the strength to push prices up and mainly shipped goods at stable prices, and the trading atmosphere in the market was flat. Market reference: quotations in the Shunde market firmed up,

PG33 was quoted at 9,800 yuan/tonne; quotations in the Dongguan market rose steadily, Guang 525 was quoted at 8,900 yuan/tonne; quotations in the Yuyao market were generally stable with a few minor movements, 118 was quoted at 9,900 yuan/tonne.

Today's forecast: the market may maintain a stable consolidation trend today.

ABS market:

Last Friday the market trend was generally stable, with some grades adjusting in a narrow range. The market trading atmosphere remained light, and traders operated cautiously. Downstream demand still found it hard to improve, and market confidence remained weak. Market reference: some offers in the Dongguan market rose, Tai

757 was quoted at 11,650 yuan/tonne; most quotations in the Ningbo market were stable, 0215A was quoted at 12,100 yuan/tonne; quotations in the Yuyao market were broadly stable with minor movements, 0215A was quoted at 12,250 yuan/tonne.

Today's forecast: the market may still adjust within a narrow range today.

Last Friday prices consolidated in a narrow range. Boosted by rising crude oil, the two polyester feedstock materials recovered, providing some support; bottle chip producers raised quotations slightly in a few cases, and market participants held a firm-price stance. Downstream demand was cautious, upward momentum was limited, and the overall trading atmosphere was light. Market reference: water bottle material in the East China market was referenced at

6,300-6,400; water bottle material in the South China market was referenced at 6,400-6,500 self-pickup; water bottle material in the North China market was referenced at 6,300-6,400 self-pickup.

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

PET scrap recycling

Last Friday prices in some regions rose by 100 yuan. The virgin material market fluctuated and recovered, supply in the recycled market was tight, scrap collection was slow, washing plants held back sales at low prices, and low-priced goods gradually withdrew from the market. Traders mainly operated according to need, end-user demand showed no improvement, recycled chemical fiber producers found it difficult to ship goods and purchased raw materials cautiously, and overall market trading was not brisk. 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: the market is expected to fluctuate and consolidate today.

——This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-354149.html