Analysis and summary of domestic plastic market on

2022-08-15
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April 29 domestic plastic market analysis summary

core tip: Petrochemical ex factory prices continue to rise, and the cost of taking goods increases. Merchants' psychological preference is to seek substantive transactions. The demand of downstream factories is flat, and they mostly purchase on demand, with a strong wait-and-see atmosphere

[futures market]

US crude oil (7:55): 56.87 up 0.19

● international oil prices closed almost flat on the 28th

international oil prices closed almost flat on the 28th, with abundant global oil supply, which pressured international oil prices to continue to fall in the intraday. However, the news of Iran's seizure of a cargo ship supported the US crude oil futures market. After the closing of Brent crude oil futures, US crude oil futures rebounded after falling. The continuous decline of the US dollar exchange rate also supported the oil market, but then the data of the American Petroleum Institute showed that the inventories of US crude oil and refined oil products increased comprehensively last week, and US crude oil futures fell again on the after hours electronic trading system. Crude oil futures in New York closed up $0.07 at $57.06 a barrel. Brent crude oil futures closed down $0.19 at $64.64/barrel

[today's news]

● fosu science and technology subsidiary plans to invest 17.4 million to participate in the project construction

on April 27, 2015, fosu science and technology company held a meeting on April 24, 2015 to consider and adopt the proposal on the second phase project of the company's holding subsidiary Foshan jinwanda New Material Technology Co., Ltd. to invest in the construction of a new non porous moisture permeable waterproof functional film, It is agreed that the subsidiary Foshan jinwanda New Material Technology Co., Ltd. plans to invest 17.4 million yuan to build the second phase of the new non porous moisture permeable waterproof functional film project, with a construction period of 10 months

● Chongqing will build a complete plastic industrial chain cluster

on April 27, the awarding ceremony of "Western China (Chongqing) plastic Ecological Industrial Park" was held in the industrial park of Liangping County, Chongqing. This means that the plastic Ecological Industrial Park in Western China (Chongqing), located in Liangping County, has officially risen to a national industrial park, where Chongqing will build the first complete plastic industrial chain cluster in China

[Petrochemical trends]

● PE Petrochemical trends: Fushun Petrochemical old HDPE plant produces 2911; The full density unit produces 7042, and the new HDPE unit produces 7260

● PP Petrochemical trends: cjs700 is produced by the first line (140000 tons/year) of PP old plant of Guangzhou Petrochemical; The second line (60000 tons/year) is converted to cjs700. The new unit (200000 tons/year) has not been put into operation

● PVC Petrochemical trends: Tianjin LG LG Dagu PVC plant production is normal, the enterprise quotation is stable, hl1000/700/800 North implementation of 6200 yuan/ton spot exchange, a small amount of acceptance can be received

usually only a few MV, assuming that we directly stop measuring this signal

● PS Petrochemical dynamics: Fujian Hongrun (former Fangxing) PS factory quotation stabilized, with benzene 635 quoted 12500 yuan/ton and benzene 655 quoted 11300 yuan/ton. The recent inventory is OK, and the shipment is average

● ABS Petrochemical trends: Sinopec East China currently maintains a stable pricing for Gaoqiao Petrochemical ABS, with 8391 reporting 12600 yuan/ton, 275 reporting 11800 yuan/ton, 3513 reporting 13600 yuan/ton, 3504 reporting 13500 yuan/ton, 8434 reporting 13500 yuan/ton. The firm delivery is slightly lower and the shipment is average

● pet Petrochemical trends: the quotation of water bottle level, oil bottle level and hot filling of Cr polyester bottle chips in East China is adjusted to 8200 yuan/ton for self delivery, with a supplementary decrease of 100 yuan/ton. The actual order is discussed in detail, and the inventory is normal

[plastic early evaluation and prediction]

● PE early evaluation: yesterday, the market price continued to rise, the on-site supply of goods was relatively small, individual companies of CNPC raised the ex factory price to limit the release of goods, merchants with more goods locked up the shipment, and merchants with less goods mainly waited and waited. Downstream factories were cautious in purchasing and replenishing positions, and the overall trading atmosphere was general. Reference to local market prices: the quotation in Beijing market was strong and upward, 1c7a was quoted at 13100 yuan/ton, and the quotation in Shanghai market was strong, The 2426h report of Lanhua benefited from this yuan/ton, and the Guangzhou market rose narrowly, with Guangzhou 7042 reporting 10700 yuan/ton

today's forecast: it is expected that the market will continue to rise today

● PP morning review: yesterday, the market price continued to rise. At the end of the month, many sources of goods in the market had been digested. Petrochemical and PetroChina maintained stable ex factory prices, which formed a strong support for the cost of goods. The conductivity and smoothness of semiconducting shielding layer were improved. Polypropylene futures were operating at a high level, which boosted the mentality. Most merchants were not enthusiastic about shipping. Generally, high reports were observed to observe the market reaction, and downstream factories prepared goods appropriately, Market quotation reference: Tianjin market rose, Ningmei 1102k reported 9450 yuan/ton, Kunshan market wire drawing price was high, Shenhua l5e89 reported 9600 yuan/ton, Shantou market price rose significantly, Fulian T03 reported 9150 yuan/ton

forecast today: it is expected that the market will continue to rise today

● PVC early review: yesterday's market volatility tended to fall. Traders are cautious about the future market, basically maintaining low inventory operation, and the pattern of trading stalemate is strong. The downstream demand is tepid, the actual delivery intention is not high, and the overall trading atmosphere of the market is general. Reference of local market conditions: Shandong market fell, and ordinary electric stone was in yuan/ton; Qilu Chemical City market fell, with qs1000f quoted at 6230 yuan/ton

today's forecast: it is expected that the market will mainly adjust in a narrow range today

● PS early review: yesterday, the overall operation preference of the market, and local quotations increased significantly. Most merchants hold a cautious preference attitude, the market transaction and shipment situation is still relatively flat, some middlemen have a small amount of purchase, downstream factories do not purchase much, and the trading atmosphere is still relatively light. Market quotation reference: Shantou market prices generally rose, skh-127 rose 100 yuan to 10600 yuan/ton; Dongguan market quotation continued to rise, with Ning 5250 up 50 yuan to 10600 yuan/ton

today's forecast: it is expected that the market will be stable and small today

● ABS morning review: yesterday, the overall market operation continued to be good, and the quotation showed an upward trend. The ex factory price of petrochemicals continued to rise, and the cost of taking goods increased. Merchants' psychological preference is to seek substantive transactions. The demand of downstream factories is flat, and they mostly purchase on demand, with a strong wait-and-see atmosphere. Reference of local market conditions: the reference quotation of Shantou market rose sharply, and D190 rose by 400 yuan to 12300 yuan/ton; Shunde market quotation continued to rise, with Ning 121h rising by 100 yuan to 12800 yuan/ton

today's forecast: it is expected that the market will continue to rise today, so we need to pay attention to the market delivery

● early evaluation of PET bottles and chips: yesterday, the market high price fell, with a range of yuan/ton. The upstream raw material market was loose, which suppressed the polyester bottle chip market. The cargo holders mainly actively shipped, and the downstream factories were not enough to buy gas. Most of them were cautious to wait and see, and there was little willingness to replenish their positions. Market reference: East China water bottle materials quoted yuan/ton to pick up, and negotiated a price of yuan/ton; Short delivery of RMB/ton in South China, negotiated price of RMB/ton

today's forecast: it is expected that the market will still loosen today

● early review of pet regeneration: yesterday, the market price was mainly stable, some regions moved up slightly, the new material market fell, and the regeneration market was hit. Merchants were cautious about the future market expectation, followed the market operation, and the delivery of terminal chemical fiber products slowed down, resulting in the lack of willingness of chemical fiber factories to purchase raw materials. Market reference: machine white tablets in East China were at yuan/ton

today's forecast: it is expected that today's market range will be mainly sorted out

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