Hottest September 23 plastic Market Forecast

September 23 plastic market forecast

international crude oil futures fell on Friday due to the resurgence of market concerns about Sino US trade negotiations. WTI crude oil futures in October in recent months closed down by US $0.04 and settled at US $58.09 per barrel. Brent crude oil futures fell $0.12 to settle at $64.28 a barrel

[Market Overview and forecast]

● PE market: the overall market performance stabilized last Friday, with individual small fluctuations. The international crude oil fluctuated, the ethylene monomer stabilized, the petrochemical quotation remained firm, the cost side support was stable, the merchants' attitude was wait-and-see, and the offer was slightly adjusted according to the resource supply. Downstream transactions are difficult to effectively increase volume, demand returns to a weak state, and the market transaction atmosphere is light. Quotation reference: Changzhou market quotation sorting, Yangzi 5000S reported 8850 yuan/ton; Shantou market price consolidation, Maoming 2426h reported 8500 yuan/ton; Tianjin market price is sorted out, and Jihua/Daqing/Fushun 7042 is quoted at 7700 yuan/ton

today's forecast: it is expected that the market will be consolidated and operated at the beginning of the week

● PP Market: last Friday, the market was narrow, some prices fell, polypropylene futures opened low, the operator's mentality was pessimistic, traders were more willing to make profits when shipping, the downstream insisted on buying with use, and there was little willingness to take the initiative to replenish positions. The overall trading atmosphere was not prosperous. Reference to local market prices: Qilu Chemical City market fell slightly, Qingdao T03 reported 8850 yuan/ton, Huangdao mention, Nanjing market price consolidation, Yangtze F401 reported 9200 yuan/ton, Guangzhou market entered the working state, and the price was partially adjusted. Guangzhou Petrochemical j641 reported 10000 yuan/ton

today's forecast: it is expected that the market situation will be sorted out today

● PVC Market: last Friday, the market price maintained the previous level, and the type 3 and type 8 materials in the field were relatively out of stock. The quotation of merchants has not changed much, the trading is cautious, the wait-and-see atmosphere has not subsided, the enthusiasm of downstream enterprises for inquiry has weakened, and the overall transaction is general. Quotation reference: the quotation in Hebei market is slightly loose. Calcium carbide method type 5 material contains 8.3 concentrated screws, which should not protrude from the surface of the parts, and the tax is reported as yuan/ton; The quotation of Hangzhou market was lowered, and Beiyuan/Tianye 5 was reported at 6750 yuan/ton; The Guangzhou market fell sharply, with jinyuyuan 5 reported 6780 yuan/ton

forecast today: it is expected that the market will fluctuate in a narrow range at the beginning of the week

● PS Market: local market quotation fluctuated slightly last Friday, and the on-site inquiry atmosphere was poor. The upstream trend was soft, and the market wait-and-see atmosphere increased. Traders shipped according to the market, and the actual transaction was discounted. The intention of downstream factories to receive goods is not high, resulting in less actual transactions. Quotation reference: Dongguan market reference price fell, Zhenjiang pg33 reported 9900 yuan/ton; Shantou market quotation fell narrowly, skh-127 was reported at 10140 yuan/ton; The reference price in Ningbo market fell, and saibaolong 525 was quoted at 9800 yuan/ton

today's forecast: it is expected that the market price at the beginning of the week will be stable and small, and both AK and CVN are the impact values measured under specific conditions

● ABS market: last Friday, the market trend was weak, and the price fell steadily. Upstream styrene fell, the mentality of merchants was slightly poor, and the operation was stable and lowered. The demand of downstream factories is weak, the enthusiasm for inquiry is insufficient, and the overall transaction situation of the market is general. Quotation reference: the quotation in Dongguan market is stable and volatile, and Ning 15a1 is quoted at 11500 yuan/ton; The reference price of a series of chain reaction fields in Ningbo due to overload fell, and 121h Yongxing reported 12750 yuan/ton; The quotation of Yuyao market fell slightly, with 757K reported 13200 yuan/ton

today's forecast: it is expected that the market price at the beginning of the week will continue a steady downward trend

● PET bottle chip Market: last Friday, the market focus was still low, PTA futures fell continuously, and the cost side was difficult to support. Some bottle chip enterprises reduced the ex factory price by yuan/ton, while the downstream was mainly cautious and waited-and-see, and the follow-up of firm offer transactions was insufficient. Market price reference: water bottle materials in East China market were at yuan/ton, and water bottle materials in South China market were at yuan/ton

forecast for today: it is expected that the market performance will remain weak today

● pet waste recycling market: last Friday, the market price remained stable, the new material market continued to fall, the recycling market lacked obvious positive support, the overall trading atmosphere was flat, the supply of recycled bottles and chips was not much, the enthusiasm of the cleaning factory to take the initiative to ship was not high, the chemical fiber factory was cautious, purchased raw materials on demand, and the transaction was subject to goods negotiation. Market price reference: the machine white tablets in the East China market were 5700 yuan/ton

today's forecast: it is expected that the market will consolidate sideways today