December 18 Plastics Market Forecast

Supported by hopes that the China-U.S. trade agreement will

boost oil demand in 2020, international oil prices rose more than 1% on Tuesday, recording a fourth consecutive day of gains. January WTI crude oil futures settled up 0.73 dollars, or 1.2%, at 60.94 dollars per barrel. February Brent crude oil futures settled up 0.76 dollars, or 1.2%, at 66.1 dollars per barrel.

The market fluctuated slightly yesterday, with a moderate trading atmosphere. Linear futures consolidated weakly, traders held cautious views on the outlook and mainly made rational adjustments. Downstream factories showed limited enthusiasm for entering the market to purchase, taking of cargo was weak, and improving actual transactions was difficult. Market reference: quotes in Zhengzhou were stable, Yanshan Petrochemical

100AC was quoted at 8150 yuan/tonne; prices in Shantou were stable, with Maoming 2426K quoted at 7870 yuan/tonne; the Nanjing market consolidated within a narrow range, with Yangzi-BASF 2426H quoted at 8300-8350 yuan/tonne.

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

The market's weak pattern persisted yesterday, with some prices lowered. Polypropylene futures returned to a decline, most traders continued shipping to reduce positions, and quotes continued to trend downward amid volatility. Downstream factories showed limited purchasing enthusiasm, demand showed no sign of improvement, and the overall trading atmosphere was light. Market reference: parts of the Hangzhou market moved lower, Ningbo Fuji

S1003 was quoted at 7900 yuan/tonne; prices in Hebei drifted lower, with Baofeng K8003 quoted at 8700 yuan/tonne; prices in Shunde moved lower, with Hainan Z30S quoted at 8080 yuan/tonne.

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

PVC market:

The market was generally steady yesterday, with some quotes fluctuating. Supported by most petrochemical enterprises holding prices stable, traders mainly watched and largely followed the market, downstream enterprises showed limited purchasing enthusiasm, and the trading atmosphere was moderate. Market reference: offers in Hebei held steady, calcium carbide method

Type 5 material, tax-exclusive, was 6360-6420 yuan/tonne delivered; offers in Guangzhou were mixed, with mainstream ordinary calcium carbide material quoted at 7250-7400 yuan/tonne; the Changzhou market was mainly in consolidation, with mainstream Type 5 calcium carbide material at 7100-7200 yuan/tonne.

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

The market ran steadily overall yesterday, with a few offers rising or falling slightly. Ex-works settlement prices edged up, raising traders' restocking costs. Combined with still-tight supply recently, market negotiations edged up. However, end-user purchasing was mainly for rigid needs, with actual deals subject to negotiation. Market reference: some quotes in Shunde moved lower,

PG33 was quoted at 10,050 yuan/tonne; quotes in Dongguan slipped from a stable level, with Guangzhou 525 quoted at 9030 yuan/tonne; quotes in Yuyao were generally steady with a few small gains, and 118 was quoted at 9900 yuan/tonne.

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

ABS market:

The market trend was generally stable yesterday, with a few grades testing slightly higher. Downstream players mainly bought on need, with limited taking of cargo. The market trading atmosphere remained light, and shipments were moderate. Market reference: quotes in Dongguan consolidated within a range, Ningbo

121H was quoted at 11,680 yuan/tonne; quotes in Ningbo showed little movement, with 0215A quoted at 12,250 yuan/tonne; a few quotes in Yuyao rose slightly, with 0215A quoted at 12,350 yuan/tonne.

Today's forecast: the market may still see narrow consolidation on a stable note today.

The market ran steady to slightly warm yesterday. With favorable factors in the overall market continuing,

PTA support was acceptable, polyester bottle chip producers mainly held prices firm, and upside room was limited. Traders' offers held steady, downstream buying follow-through was moderate with mainly cautious watching, and market trading was light. Market reference: water bottle material in East China was around 6550-6650; water bottle material in South China was around 6600-6700 self-pickup; water bottle material in North China was around 6550-6600 self-pickup.

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

PET waste recycling

The market was broadly stable with minor movements yesterday, and the trading atmosphere was moderate. Recycled raw bottle collection volumes decreased in the market, recycled bottle flake supply was tight, crushing plants showed low willingness to ship, supporting the market trend, and some producers appropriately raised prices to attract supply. Chemical fiber plants had moderate production and sales and mainly purchased 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 mainly stable today.

——This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-354275.html