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As of 15:00 on December 17, China Plastics price index was at 888.34, down 0.55 from the previous trading day; China Plastics spot index was at 987.67, up 0.42 from the previous trading day.

The text agreement reached in the first stage of us China trade continues to boost market atmosphere. China's industrial added value and retail total volume growth in November was higher than expected, while European and American crude oil futures continued to rise slightly. However, the market is waiting for more details of the US China trade agreement, and the continuous increase of us shale oil production has curbed the increase of oil price. On Monday (December 16), WTI crude oil January futures settled at $60.21 a barrel, up $0.14, or 0.2%, with a trading range of $59.71-60.34; Brent crude oil February futures settled at $65.34 a barrel, up $0.12, or 0.2%, with a trading range of $64.88-65.66.

PS market overall stable operation, offer individual small rise. Downstream users hold a wait-and-see attitude towards the current situation, and market transactions are still limited. Price: the main quotation of GPPS is 9150-10200 yuan / ton, and that of hips is 9750-11300 yuan / ton. (see the price database of Zhejiang plastics market for the specific quotation of each brand)
The atmosphere of PS market is flat, and the mentality of traders is general. Meanwhile, the intention of downstream enterprises to prepare inventory is weak, and the demand is not high. It is expected that the market of Zhejiang Plastic Industry market. will maintain stable operation on the whole and sort out locally under the poor performance of the overall aspect. (personal view, for reference only)