China Plastics Information Spot Weekly Quotes (November 1 - November 5)
2018-05-25 00:39:25
First, the market summary As of the end of this weekend, China's plastic price index closed at 1093.39 points, up 38.49 points from last week. China Plastics' spot index closed at 1201.13 points, up 30.91 points from the previous week.
This week, the spot market has generally risen. With the international crude oil sector hitting a record high and the petrochemical quotations rising sharply, the market confidence boosted, traders’ speculative enthusiasm greatly increased, and prices kept rising. This led to a rapid rise in prices. However, due to the lack of demand, the market resistance can not be ignored, and the current market is affected by crude oil, once the oil prices fall, the price may be weak. The market transaction status has not changed significantly, and the recent market may have rational adjustments.
II. Brief description of the upstream market This week, the positive sentiment of all parties in the market prompted investors to make more crude oil. International crude oil rose for four consecutive trading days. The rapid growth of China’s manufacturing industry is a positive indicator of rising demand for crude oil. In addition, after the United States announced a larger-than-expected decline in oil inventories, the Federal Reserve announced the release of an economy that is in line with market expectations. With regard to stimulus measures, the Federal Reserve decided to inject 600 billion U.S. dollars into the financial market, prompting the dollar to hit a new low and further support the rise in oil prices. As of this week, WTI closed at $86.49/barrel, up by $4.31 from last week; Brent's oil price closed at $88.00/barrel, up by $4.41 from last week.
This week, the trend of the monomer market is relatively unstable and there are more ups and downs. Among them, ethylene in Asia has changed a lot. Last week, the price of Far East propylene fell better this week, and Asian styrene fluctuates less. Far East propylene rose 43.5 US dollars / ton, FOB South Korea's latest closing price of 1160-1162 US dollars / ton. Asian ethylene both fell, CFR Northeast Asia fell 59 US dollars / ton, the latest closing price of 970-972 US dollars / ton; CFR South East Asia fell 66 US dollars / ton, the latest closing at 953-955 US dollars / ton. Asian styrene prices were mixed, FOB Korea's latest offer price was 1224-1225 US dollars / ton, up 11.5 US dollars / ton; CFR China's latest offer price was 1246-1247 US dollars / ton, fell 28 US dollars / ton.
Third, the brief description of the various varieties 1, PP
This week, the PP market has generally risen. The upstream cost support has been strong, and the petrochemical companies' adjustment of ex-factory prices in turn is the main factor driving this wave of market. With limited resources, some traders are reluctant to sell their goods, and the speculative atmosphere is strong, which has also played a role in fueling the market. However, there is limited follow-up of downstream demand.
This week in the plastic spot market, PP prices rose, traders in general, the main stable quotations, a few brands offer up. The mainstream adjustment range is between 50-300 yuan/ton. This week, along with the continuous rise in the price of crude oil and the rising prices of Sinopec and CNPC, the market price has been continuously pushed up. The Fed’s monetary easing policy made the dollar exchange rate bottom again, oil prices continued to rise, and the petrochemical price increase played the most important role in the market’s rise. Downstream demand for such soaring prices, is also very cautious on high-priced sources, the phenomenon of high prices and difficult transactions will become the main resistance for further exploration of the market later.
It is expected that the PP market will slow down the upward trend next week.
2, PE
PE market prices rose sharply this week and the market performed well. Crude oil this week, strong, coupled with petrochemical companies sharply increase the ex-factory price, thus pushing the market price rise. The lack of psychological preparation of downstream factories, procurement is significantly hesitant, high-priced transactions tend to be slow.
This week, the plastic stock market in the PE market rose, traders have a good mentality, quoted in varying degrees. Mainstream adjustment range: LLDPE between 20-250 yuan / ton; HDPE between 30-200 yuan / ton; LDPE between 30-300 yuan / ton. This week, the market gained a lot in the first three days, but as the inflation theme is exhausted, the market's point of view is gradually divided, which means that the rise is close to the top. The situation was basically stable on Thursday and the prices remained strong. However, it was clear that the intention to ship was high. The change in the mindset of sellers caused the situation of the market to lower the cost of returning funds, and the role of petrochemicals in driving up the price was almost exhausted.
It is expected that next week the PE market will be dominated by high consolidation prices.
3, PS
PS market prices rose this week, but the atmosphere was light. Due to the strong rise in crude oil, stable ex-factory prices of petrochemical enterprises and few social resources supported the market, and market prices generally rose. However, the demand for downstream factories is still relatively normal. Due to the weak transactions, the shipping pressure still exists.
This week in the plastic spot store PS market has a certain increase, quotes mainstream adjustment range: GPPS in the 50-200 yuan / ton; HIPS in the 50-250 yuan / ton. The market price in East China market is stable and small, and most holders of goods have a stable mentality and the trader is step by step. Market transactions are normal. The market price in South China rose slightly. Market merchants continued to increase their offer, and the transaction was fair. Merchants traded mostly. Demand performance is stable, and downstream buyers continue to get goods on demand.
It is expected that the PS market will probably dominate the market next week.
4, ABS
This week, the ABS market is still slightly up. Due to the long-term high market prices, downstream factories are generally reluctant to prepare materials, and insisting on buying them now, it is difficult to increase demand, and the market is further difficult to increase. Relevant sources said that there is no possibility of significant fluctuations in the price in the later period, but the operation is still cautious.
This week in the plastic spot market ABS slightly higher, the listing is basically stable. The mainstream adjustment range is between RMB 20-200/ton. The majority of the East China market has stabilized, the current price level has suppressed speculative demand, and the market has maintained a mediocre atmosphere with little supply. In the South China market, a small number of offers rose slightly, the mainstream offer stabilized, and the continuous rise in crude oil supported the market's mentality and stability. There were few transactions, and some first-hand merchants reflected that there was no market for the market.
It is expected that the ABS market next week may be the market for big stable small movements.
5, PVC
This week, the PVC market is mainly dominated by small-moving and small-moving markets. The upstream costs are firm, and the downstream demand is general. Traders have a peaceful mind and follow the market operations. The current market is tepid. Most of the chlor-alkali enterprises held steady ex-factory prices, and some saw a slight adjustment in inventory conditions.
This week, the plastic spot market in the PVC market is stable, with little change in the listing situation. The trader’s mentality is stable, and the quotation is fully conservative. Prices in Eastern China are still on the upswing, and market brokers are reluctant to sell. The overall mentality is more optimistic. The market atmosphere in South China is fair, the low-end price has been reduced, and the price of high-end materials in calcium carbide is slightly higher. Market transactions are fair and businesses are cautiously optimistic.
It is expected that the PVC market will likely remain stable next week, with some small adjustments.
This week, the spot market has generally risen. With the international crude oil sector hitting a record high and the petrochemical quotations rising sharply, the market confidence boosted, traders’ speculative enthusiasm greatly increased, and prices kept rising. This led to a rapid rise in prices. However, due to the lack of demand, the market resistance can not be ignored, and the current market is affected by crude oil, once the oil prices fall, the price may be weak. The market transaction status has not changed significantly, and the recent market may have rational adjustments.
II. Brief description of the upstream market This week, the positive sentiment of all parties in the market prompted investors to make more crude oil. International crude oil rose for four consecutive trading days. The rapid growth of China’s manufacturing industry is a positive indicator of rising demand for crude oil. In addition, after the United States announced a larger-than-expected decline in oil inventories, the Federal Reserve announced the release of an economy that is in line with market expectations. With regard to stimulus measures, the Federal Reserve decided to inject 600 billion U.S. dollars into the financial market, prompting the dollar to hit a new low and further support the rise in oil prices. As of this week, WTI closed at $86.49/barrel, up by $4.31 from last week; Brent's oil price closed at $88.00/barrel, up by $4.41 from last week.
This week, the trend of the monomer market is relatively unstable and there are more ups and downs. Among them, ethylene in Asia has changed a lot. Last week, the price of Far East propylene fell better this week, and Asian styrene fluctuates less. Far East propylene rose 43.5 US dollars / ton, FOB South Korea's latest closing price of 1160-1162 US dollars / ton. Asian ethylene both fell, CFR Northeast Asia fell 59 US dollars / ton, the latest closing price of 970-972 US dollars / ton; CFR South East Asia fell 66 US dollars / ton, the latest closing at 953-955 US dollars / ton. Asian styrene prices were mixed, FOB Korea's latest offer price was 1224-1225 US dollars / ton, up 11.5 US dollars / ton; CFR China's latest offer price was 1246-1247 US dollars / ton, fell 28 US dollars / ton.
Third, the brief description of the various varieties 1, PP
This week, the PP market has generally risen. The upstream cost support has been strong, and the petrochemical companies' adjustment of ex-factory prices in turn is the main factor driving this wave of market. With limited resources, some traders are reluctant to sell their goods, and the speculative atmosphere is strong, which has also played a role in fueling the market. However, there is limited follow-up of downstream demand.
This week in the plastic spot market, PP prices rose, traders in general, the main stable quotations, a few brands offer up. The mainstream adjustment range is between 50-300 yuan/ton. This week, along with the continuous rise in the price of crude oil and the rising prices of Sinopec and CNPC, the market price has been continuously pushed up. The Fed’s monetary easing policy made the dollar exchange rate bottom again, oil prices continued to rise, and the petrochemical price increase played the most important role in the market’s rise. Downstream demand for such soaring prices, is also very cautious on high-priced sources, the phenomenon of high prices and difficult transactions will become the main resistance for further exploration of the market later.
It is expected that the PP market will slow down the upward trend next week.
2, PE
PE market prices rose sharply this week and the market performed well. Crude oil this week, strong, coupled with petrochemical companies sharply increase the ex-factory price, thus pushing the market price rise. The lack of psychological preparation of downstream factories, procurement is significantly hesitant, high-priced transactions tend to be slow.
This week, the plastic stock market in the PE market rose, traders have a good mentality, quoted in varying degrees. Mainstream adjustment range: LLDPE between 20-250 yuan / ton; HDPE between 30-200 yuan / ton; LDPE between 30-300 yuan / ton. This week, the market gained a lot in the first three days, but as the inflation theme is exhausted, the market's point of view is gradually divided, which means that the rise is close to the top. The situation was basically stable on Thursday and the prices remained strong. However, it was clear that the intention to ship was high. The change in the mindset of sellers caused the situation of the market to lower the cost of returning funds, and the role of petrochemicals in driving up the price was almost exhausted.
It is expected that next week the PE market will be dominated by high consolidation prices.
3, PS
PS market prices rose this week, but the atmosphere was light. Due to the strong rise in crude oil, stable ex-factory prices of petrochemical enterprises and few social resources supported the market, and market prices generally rose. However, the demand for downstream factories is still relatively normal. Due to the weak transactions, the shipping pressure still exists.
This week in the plastic spot store PS market has a certain increase, quotes mainstream adjustment range: GPPS in the 50-200 yuan / ton; HIPS in the 50-250 yuan / ton. The market price in East China market is stable and small, and most holders of goods have a stable mentality and the trader is step by step. Market transactions are normal. The market price in South China rose slightly. Market merchants continued to increase their offer, and the transaction was fair. Merchants traded mostly. Demand performance is stable, and downstream buyers continue to get goods on demand.
It is expected that the PS market will probably dominate the market next week.
4, ABS
This week, the ABS market is still slightly up. Due to the long-term high market prices, downstream factories are generally reluctant to prepare materials, and insisting on buying them now, it is difficult to increase demand, and the market is further difficult to increase. Relevant sources said that there is no possibility of significant fluctuations in the price in the later period, but the operation is still cautious.
This week in the plastic spot market ABS slightly higher, the listing is basically stable. The mainstream adjustment range is between RMB 20-200/ton. The majority of the East China market has stabilized, the current price level has suppressed speculative demand, and the market has maintained a mediocre atmosphere with little supply. In the South China market, a small number of offers rose slightly, the mainstream offer stabilized, and the continuous rise in crude oil supported the market's mentality and stability. There were few transactions, and some first-hand merchants reflected that there was no market for the market.
It is expected that the ABS market next week may be the market for big stable small movements.
5, PVC
This week, the PVC market is mainly dominated by small-moving and small-moving markets. The upstream costs are firm, and the downstream demand is general. Traders have a peaceful mind and follow the market operations. The current market is tepid. Most of the chlor-alkali enterprises held steady ex-factory prices, and some saw a slight adjustment in inventory conditions.
This week, the plastic spot market in the PVC market is stable, with little change in the listing situation. The trader’s mentality is stable, and the quotation is fully conservative. Prices in Eastern China are still on the upswing, and market brokers are reluctant to sell. The overall mentality is more optimistic. The market atmosphere in South China is fair, the low-end price has been reduced, and the price of high-end materials in calcium carbide is slightly higher. Market transactions are fair and businesses are cautiously optimistic.
It is expected that the PVC market will likely remain stable next week, with some small adjustments.
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