December 16 Plastics Market Forecast

International oil prices rose to their highest level in nearly three months on Friday as investors were encouraged by progress in resolving the China-US trade dispute and by the Conservative Party's landslide victory in the UK general election.

January WTI crude oil futures rose 0.89 US dollars, or 1.5%, to settle at 60.07 US dollars per barrel. February Brent crude oil futures rose 1.02 US dollars, or 1.6%, to settle at 65.22 US dollars per barrel.

The market fluctuated little overall last Friday. Linear futures fluctuated upward, traders took a wait-and-see attitude, quotations were mixed, and the actual trading atmosphere was average. Downstream factories showed low purchasing enthusiasm and continued to maintain only essential purchases, with the trading atmosphere remaining flat. Market reference: quotations in the Hangzhou market were largely stable with minor movements, with Zhenhai

7042 quoted at 7,500 yuan/tonne; quotations rose in the Shanghai market, with Shanghai Petrochemical Q281 quoted at 8,200 yuan/tonne; prices declined in the Tianjin market, with Daqing 2426H quoted at 8,200 yuan/tonne.

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

Quotations were mainly stable last Friday with small gains and losses in some regions. Traders operated flexibly while waiting and seeing, and actual transactions had room for negotiation. Downstream purchasing enthusiasm did not improve, with buyers maintaining purchases on rigid demand, and end-user trading was flat and steady. Market reference: the Shantou market edged lower, with Zhongjiang Petrochemical

T30S quoted at 7,650 yuan/tonne; quotations in the Nanjing market consolidated, with Hengli L5E89 quoted at 7,800 yuan/tonne; prices declined in the Hebei market, with Baofeng K8003 quoted at 8,750 yuan/tonne.

Today's forecast: the market is expected to fluctuate within a range today.

PVC market:

Market prices changed little last Friday. Although traders held strong wait-and-see sentiment, small concessions appeared in actual transactions in order to ship goods as quickly as possible. Downstream factories insisted on purchasing on a need basis, with weak willingness to restock, and it was difficult to increase actual transactions. Market reference: quotations in the Hebei market were stable, with calcium carbide process

Type 5 material at 6,370-6,420 yuan/tonne delivered, tax excluded; quotations were lowered in the Guangzhou market, with mainstream quotations for ordinary calcium carbide material at 7,280-7,380 yuan/tonne; the Hangzhou market consolidated slightly, with Type 5 calcium carbide material in the range of 7,100-7,200 yuan/tonne.

Today's forecast: the market is expected to consolidate within a narrow range today.

The market was generally flat last Friday, with quotations rising and falling slightly in some grades. Shipping in the market was paced gently, most traders remained cautious, and downstream factories held strong wait-and-see sentiment. End users mainly purchased on rigid demand, and overall market conditions were average. Market reference: quotations in the Dongguan market were steady within a narrow range, with Guang

525 quoted at 9,180 yuan/tonne; quotations in the Ningbo market were temporarily steady, with CITIC 525 quoted at 9,050 yuan/tonne; quotations in the Yuyao market were generally steady with minor movements in some grades, with 118 quoted at 9,900 yuan/tonne.

Today's forecast: the market is expected to be mainly steady today with small local adjustments.

ABS market:

The market atmosphere was average last Friday, with quotations moving slightly in some grades. Traders operated step by step with a cautious attitude, downstream demand showed no improvement, purchases were mainly made as needed, and market trading was light. Market reference: some quotations moved lower in the Dongguan market, with Tai

757 quoted at 11,750 yuan/tonne; most quotations in the Ningbo market were steady, with 0215A quoted at 12,250 yuan/tonne; quotations in the Yuyao market moved slightly in some grades, with 0215A quoted at 12,350 yuan/tonne.

Today's forecast: the market is more likely to continue steady with narrow-range consolidation today.

The market tone edged higher last Friday. Driven by the slight rise in crude oil and the sharp rise in polyester raw materials, cost-side support strengthened, and bottle chip producers raised their quotations one after another by

100-200 yuan/tonne. Traders' quotations moved higher accordingly, yet downstream demand remained weak, producers mainly stayed cautious and watchful, and market trading was light. Market reference: water bottle material in the East China market was referenced at 6,500-6,650; water bottle material in the South China market was referenced at 6,550-6,700 ex-works; water bottle material in the North China market was referenced at 6,500-6,600 ex-works.

Today's forecast: market prices may stabilize today.

PET waste recycling

Some regions of the market rose within a narrow range last Friday. Winter made bottle collection difficult, and the supply of recycled bottle flakes was tight. Supported by the oscillating yet firmer new material market, washing plants followed suit and tested higher prices, withdrawing from low prices. End-user demand still showed no obvious improvement, chemical fiber plants purchased on rigid demand, market trading was not brisk, and transaction volumes were hard to expand. Market reference: in the East China market, machine-use white flakes imitating large-scale chemical fiber were at

around 5,100 yuan/tonne, tax excluded.

Today's forecast: quotations in the market are expected to mainly consolidate today.

——This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-354248.html