Plastic Market Forecast On December 17, 2019

Huicong plastic online news:

★ international crude oil * information

International oil prices edged higher on Monday as investors looked forward to the * phase trade agreement announced by China and the United States on Friday, which could boost energy demand, but remained below the three-month high hit in the previous trading day. WTI crude oil futures rose 14 cents, or 0.2 percent, to $60.21 a barrel in January. Brent crude oil futures rose 12 cents, or 0.2 percent, to $65.34 a barrel in February.

[Market Overview and forecast]

● PE market: the market mainstream was stable and partially adjusted yesterday. Linear futures rose slightly, merchants adjusted their offers to the market, and some of the quotations moved up slightly. It was difficult to mobilize the enthusiasm of downstream factories for purchasing, limited enthusiasm for entering the market, and weak demand follow-up. Market reference: Shantou market price consolidation, Maoming 2426k reported 7950 yuan / ton; Hangzhou market quotation big stable small dynamic, Zhenhai 7042 reported 7550 yuan / ton; Qilu Chemical City quotation consolidation, Qilu 7042 reported 6930 yuan / ton.

Today's forecast: the market is expected to continue to consolidate the trend of shock.

● PP Market: yesterday's market price shock consolidation. International crude oil and polypropylene futures are up, but the guidance for spot market is limited. The ex factory price of petrochemicals is stable and small. Traders are bearish on the future market and make small margin for shipment. In order to maintain normal production, the downstream factory continued to purchase on demand. Market reference: part of Hangzhou market went down, Shaoxing T30S reported 8000 yuan / ton; Linyi market operated at a low level, Baofeng K8003 reported 8750 yuan / ton; Lanzhou market fell slightly, Ningxia T30S at 7800 yuan / ton.

Today's forecast: the market price is expected to be weak today.

● PVC Market: the market was basically stable yesterday, with some slightly reduced prices. Traders are in a stable state of mind for the time being. At the beginning of the week, their operation intention is weak. They usually wait and see with others. It is difficult to mobilize the enthusiasm of downstream factories in purchasing, and the actual transaction follow-up is slow. Market reference: Shantou market adjusted individual materials, 5-type mainstream quotation at 7300-7450 yuan / ton; Guangzhou market offer down, general carbide mainstream quotation at 7250-7360 yuan / ton; Changzhou market consolidation based, 5-type carbide mainstream 7100-7200 yuan / ton.

Today's forecast: the main market is expected to be stable today, with individual adjustments.

● PS Market: the market quotation rose and fell in part yesterday. Business inventory pressure is small, more light warehouse stability. The market is generally bullish, with more wait-and-see mood. The terminal just needs to be purchased, and the transaction is seldom heard. Market reference: Shunde's market quotation is generally stable, with pg33 at 10150 yuan / ton; Dongguan's market quotation is stable and low, with guang525 at 9130 yuan / ton; Yuyao's market quotation is generally stable, with some prices up and down, with 118 at 9900 yuan / ton.

Today's forecast: it is expected that the market will continue to stabilize and move slightly.

● ABS market: the market price was stable yesterday, with some small movements. Businesses and downstream enterprises have a strong wait-and-see mood, low willingness to operate, and the actual on-site trading is not satisfactory. Quotation reference: Dongguan market quotation is stable, and Taiwan 757 quotation is 11720 yuan / ton; Ningbo market quotation is basically stable, 121h Yongxing quotation is 12400 yuan / ton; Yuyao market quotation is individual small, and 0215a quotation is 12350 yuan / ton.

Today's forecast: the market is expected to be stable today.

● PET bottle chip Market: the market focus was warm yesterday. PTA of polyester raw materials continued to rise, with the support of cost, the quotation of bottle chip manufacturers was partially raised, and the on-site merchants reported high. Although the downstream demand is weak, the pace of manufacturers' shipment is accelerated, and the low inventory operation supports the market trend. Quotation reference: the reference price of water bottle in South China market is 6600-6700 yuan / ton; the reference price of water bottle in East China market is 6550-6650 yuan / ton.

Today's forecast: the market price is expected to be stable today.

● pet waste recycling market: the overall market price changed little yesterday. In winter, the recovery of materials is reduced, the supply of recycled bottles and chips is gradually tight, supporting the market price, and the regeneration market tends to be warmer. The sales of downstream recycled chemical fiber is general. The manufacturers are cautious in purchasing raw materials. The on-site delivery and investment are acceptable. The details are detailed. Market reference: East China market imitation of large white film in 5100 yuan / ton, excluding tax.

Today's forecast: the market is expected to be stable, moderate and strong today


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