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As of 15:00 on January 10, China Plastics price index was at 886.15, up 0.82 from the previous trading day; China Plastics spot index was at 977.93, down 0.13 from the previous trading day.
European and American crude oil futures fell for three consecutive days as traders eased concerns about tensions in the Middle East, crude oil production and transportation were not affected by geopolitical tensions, and U.S. crude oil inventories increased unexpectedly. Thursday (January 9) WTI crude oil futures settlement price in February 2020 was $59.56 per barrel, down 0.05 or 0.1% from the previous trading day, with a trading range of $58.66-60.31; Brent crude oil futures settlement price in March 2020 was $65.37 per barrel, down 0.07 or 0.1% from the previous trading day, with a trading range of $64.56-66.1.
PS market remained stable as a whole. But the deal is still not ideal, the lack of market momentum, more cautious attitude. The demand of downstream factories is not high, and the intention of receiving goods is weak. Price: the main quotation of GPPS is 9150-10300 yuan / ton, and that of hips is 9950-11300 yuan / ton. (see the price database of Zhejiang plastics market for the specific quotation of each brand)
PS market is generally stable. Most of the traders in the city are calm and flexible in the future market. The actual receiving volume of downstream factories is still limited, and they basically buy as they use. Zhejiang plastic market expects PS market to move forward steadily without favorable stimulus. (personal view, for reference only)