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Plastics: yesterday's market summary and today's outlook

Views : 823
Author : HAODIBAN
Update time : 2022-09-16 11:02:34
According to the summary of plastic closing, PP pellets, PVC, PE film and recycled EPS are analyzed and prospected.

Plastic Closing Summary
Remarks: The prices in the above table are the market or regional prices of each product.


Quotes broadcast

PP Granules
Domestic polypropylene prices continued to rise this week. As of this Thursday, the average price of wire drawing in East China was 8182.5 yuan / ton, an increase of 192.5 yuan / ton compared with last week's average price, an increase of 2.41%, and the increase compared with the previous week. The price difference in the drawing area is not prominent, and the price difference between drawing and low-melting copolymerization is narrowed in terms of varieties. Crude oil prices fluctuated upwards this week, and polypropylene futures fluctuated after opening higher, boosting market sentiment. In addition, petrochemical production enterprises increased their prices at the beginning of the week, and the cost support has also been strengthened. The traders' mentality has improved, and the prices have actively followed up, and the willingness to make profits is low. However, the improvement in actual downstream demand after the holiday is limited. Factories mainly consume pre-stocked goods. Facing high prices, the enthusiasm for purchasing is low, which hinders the market's upward movement. As the weekend approaches, the market transaction weakens significantly.
Prediction: The domestic polypropylene market has a higher focus this week. It is expected that the market will fluctuate mainly next week. Taking East China wire drawing as an example, the price range is expected to be 8100-8300 yuan / ton. It is expected that there will be no obvious trend in crude oil next week, and the guidance on the cost of polypropylene is limited. From the perspective of the supply side, due to the large number of new maintenance devices this week and the longer duration, the supply is expected to shrink slightly next week. On the demand side, the level of downstream construction has been stable recently, and the later demand is expected to be dominated by the stable release of rigid demand. On the whole, the market fundamentals are expected to have relatively limited changes next week, and the market lacks clear guidance for the time being and is expected to be mainly volatile.

PVC
This week, the PVC market rose and then fell, and the center of gravity of the weekly average price moved slightly higher than last week. This week, the weekly average price of calcium carbide method PVC was 6594 yuan/ton, an increase of 40 yuan/ton compared with last week, an increase of 0.61%, and the increase was slightly expanded. This week, the price of PVC rose first, mainly because the macro sentiment improved, and PVC rose with the black line; but the spot price was weak and the basis narrowed, mainly due to the gradual recovery of the supply side, the general demand performance, and the high social inventory. The spot price is still under pressure, and the spot price of futures continues to rise without support, and then fluctuates down.
Prediction: On the supply side, the start-up load of the PVC industry has increased compared with the previous period; on the demand side, although some downstream starts have improved month-on-month, the improvement is limited, and the export orders are not well received; the short-term PVC fundamentals have not changed much, the social inventory remains high, and there is a lack of price increases. Drive, but with cost support at the bottom. It is expected that the price range of PVC will continue to fluctuate in the next week, and the price range of SG-5 in East China may be 6300-6600 yuan / ton.

PE film
Yesterday, the domestic PE stretch film market quotation was narrowed, and the reference quotation: hand stretch film reference 9100-11000 yuan / ton; machine stretch film reference 9300-11800 yuan / ton, and the firm price is maintained on a one-by-one basis. The price on that day was the same as the previous trading day, 400 yuan/ton higher than the same period last week, 400 yuan/ton higher than the same period last month, and 50 yuan/ton lower than the same period last year. Most of the spot prices of membrane materials fell, dampening the downstream market transactions and the mentality of the industry.
Forecast: From the perspective of supply and demand, production enterprises produce according to orders, and the overall start-up has improved. Trading in the market is cautious. Although there is an increase in inquiries, the increase in orders is limited, and the enthusiasm for downstream purchases is generally average. Most factories insist on taking what they need and purchasing flexibly. The strong support of the cost side of the stretch film has driven the enthusiasm for enquiries in the film market, but the downstream factories still have a wait-and-see mood, and they are mainly cautious in buying goods. Zhuo Chuang Information predicts that the market offers of the stretch film market will be sorted out next week, with reference to 9100-10,800 yuan/ton for hand-use stretch film;

Recycled EPS
This week, the recycled EPS market was generally traded, and the price rose slightly. Reference quotation: the mainstream of Dabai high-quality granules is 8300-8700 yuan/ton, an increase of 50 yuan/ton from last week; the mainstream of Zhongbai high-quality granules is 8000-8300 yuan/ton, an increase of 50 yuan/ton from last week; domestic brown transparent granules The mainstream price is 7500-7800 yuan/ton, an increase of 50 yuan/ton from last week; the mainstream price of brown ordinary granules is 6800-7100 yuan/ton, an increase of 100 yuan/ton from last week; the mainstream price of domestic brown hot frit is 6200-6500 yuan / ton, up 100 yuan / ton from last week.
Forecast: In terms of supply, the current supply of wool in the recycled EPS market is tight. It is expected that the supply of wool will remain tight next week, and there will be few high-quality wool. It is expected that the new pellets in the recycled EPS market will be limited next week. In terms of demand, although it is in the traditional peak season, the market is not good enough. There are no obvious signs of the traditional peak season. The market demand will be released next week and the market will be in general. The industry players are relatively cautious and follow the market, and the holders are reluctant to sell at low prices, while the downstream manufacturers continue to focus on just-needed transactions, and are not highly receptive to high-priced sources. It is expected that the transaction in the recycled EPS market will be average next week, and the price will not change much. We still need to pay attention to the price trend of styrene and new material GPPS525 next week.