Hottest November 14 plastic Market Forecast

2022-08-14
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Plastic Market Forecast on November 14

international crude oil futures closed higher on November 13 because OPEC and the Federal Reserve expected a strong economy. WTI crude oil futures in December closed up US $0.32, or 0.6%, and the settlement price was US $57.12 per barrel. Brent crude oil futures closed up $0.31, or 0.5%, at $62.37 a barrel

[Market Overview and forecast]

● PE market: the market trend was weak yesterday, and the price fell slightly. As the news is mostly bad, traders are cautious and generally enthusiastic in operation, and most of them are flexible in giving up profits and taking away goods. Insufficient follow-up of terminal demand, maintaining on-demand delivery, and weak transaction atmosphere. Quotation reference: Xiamen market price is loose, Fujian reported 7042 yuan/ton; Shanghai market quotation is sorted out, and Shanghai Petrochemical q281 is quoted at 8180 yuan/ton; Qilu Chemical City market prices fell, Qilu 2100tn00 reported 8330 yuan/ton

today's forecast: it is expected that the market will continue to be weak today

● PP Market: yesterday's market consolidation dominated, and the overall performance was flat. Due to the unclear information and guidance, there was an obvious wait-and-see mood on the floor. Many businesses shipped with them, and the firm offer transaction was slightly negotiable. The follow-up of terminal effective demand is not ideal, and the overall trading situation of the market is general. Quotation reference: Ningbo market price sorting, Ningbo Fude T30S reported 8600 yuan/ton; Qingzhou market is stable and small, and the extended EPS30R is reported at 8700 yuan/ton; Chongqing market fluctuated in a narrow range, and Dushanzi EPS30R was reported at 9300 yuan/ton

forecast today: it is expected that the market will continue to consolidate today

● PVC Market: the market volatility was strong yesterday. Boosted by futures, the atmosphere was ok, the mainstream quotation was stable, traders' mentality improved, short-term market supply was still in a tight situation, downstream user inquiries increased, and the transaction atmosphere improved compared with the previous. Quotation reference: the market quotation in Hebei rose narrowly, and the calcium carbide method type 5 material was delivered without tax yuan/ton; Shantou market continued to rise, with the mainstream quotation of type 5 at yuan/ton; The market trend in Hangzhou is upward, and the range of type 5 electric stone is yuan/ton

today's forecast: it is expected that the market trend will rise today

● PS Market: yesterday's market was generally stable, with some small movements. As the rigidity of the outer disc styrene system has become the key to the normal operation of all systems, the quotation continues to be adjusted weakly, and the downstream users are mostly on the sidelines to the current situation, and the on-site trading is relatively flat. Market reference: Shunde market quotation is stabilizing, with pg33 quoted yuan/ton; The quotation in Ningbo market fell, with CITIC quoting 525 yuan/ton; The market quotation of Yuyao rose or fell individually, 118 to 10300 yuan/ton

● ABS market: yesterday, the market generally operated smoothly, with local quotations rising and falling. Due to the general mentality of merchants, the on-site operation follows the market, and the downstream is still based on demand procurement. The market trading volume is small, and the trading atmosphere is weak. Quotation reference: the quotation in Dongguan market rose, with Taiwan 757 reporting 11800 yuan/ton; Ningbo market quotation is mainly sorted out, and 0215a is quoted at 11750 yuan/ton; The market quotation of Yuyao fell sharply, with 0215a reporting 11950 yuan/ton

today's forecast: it is expected that today's market will be stable and small

● PET bottle chip Market: the market price was low yesterday. The PTA Market for raw materials is sorted out in a narrow range, the cost support is general, the offer of bottle and chip manufacturers is temporarily stable, the merchants are generally enthusiastic about operation, and some of them give up profits. The decline of downstream demand is difficult to change, and the on-site trading is still light. Market reference: mainstream negotiation of water bottle materials in East China market; The gravity center of water bottle materials in South China market refers to self lifting; The water in North China market is self provided through the demand research of enterprises and technicians, bottle material negotiation and reference

forecast today: it is expected that the market price will fluctuate in a narrow range today

● pet waste recycling market: yesterday, the market was weak, and the offer in some regions continued to decline. The new material market is in a stalemate, the cleaning plant is generally started, and the price is low. Downstream users are not willing to take goods, chemical fiber factory raw materials purchase intention is not high, mainly purchase at a low price, on-site trading and investment is not prosperous, and there are many negotiations on actual orders. Market reference: the imitation Dahua on machine white film in East China market is about 5100 yuan/ton, excluding tax

today's forecast: it is expected that the market price will narrow today

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