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China Plastics City Weekly Market Review (May 11 - May 15)

This week, the market atmosphere of plastic raw materials in Yuyao China Plastic City is light, and the market is stable and falling. At present, the equipment maintenance season, but it is difficult to pull the market to a good. Mainly on the soft under the weak situation to improve, although some monomer prices higher, but the overall is still low, petrochemical companies are not smooth shipments, price sales, downstream factory operating rate is not high, demand is difficult to effectively volume. Subject to this restriction, the market is difficult to improve. It is expected that the recent market may still be difficult to walk out of the weak trend.

low density polyethylene (LDPE), 7650-8500 yuan (tons of price over the weekend, the same below) - 150/0

atmosphere depressing, stability of small and medium-sized fall in the market. At the weekend, LDPE mainstream offer in 7650-8500 yuan. Among them, Shanghai Petrochemical Q281 was 7,700 yuan, a small drop of 200 yuan. N220 traded at 7,800 yuan, down 100 yuan slightly. Yanshan Petrochemical LD100AC at 8,500 yuan. The 2426H of Daqing Petrochemical is 7,800 yuan. Qilu Petrochemical 2102TN26 was 7,650 yuan, slightly down 150 yuan. The current high pressure material market overall performance is not ideal. Petrochemical enterprises in order to ease the sales pressure, part of the profit to go, and then the industry's mentality formed a blow. Downstream factories have a wait-and-see mentality, few buyers enter the market, and actual demand is difficult to improve. Traders worry about the future market, operation enthusiasm is limited, accompanied by the main goods. It is expected that if there is no bright spot guidance, the short-term low-density polyethylene market may face certain pressure.

Outer market: The latest price in the Asian market, the quoted price is 820-822 US dollars/ton (CFR China), up 30 US dollars/ton, 800-802 US dollars/ton (CFR Southeast Asia), up 10 US dollars/ton. Monomer prices: Ethylene traded at US $568-574 / t (CFR Northeast Asia) on Thursday (May 14), up US $155 / t, and US $468-474 / t (CFR Southeast Asia), up US $70 / t.

linear low density polyethylene (LLDPE) 6500-8300 yuan - 50/0

smooth, local small down. At the weekend, LLDPE mainstream offer in 6500-8300 yuan. Among them, Daqing Petrochemical 7042 was 6,500 yuan, down 100 yuan. Jilin Petrochemical 7042 is 6,550 yuan. It was 7,600 yuan for Yangzi Petrochemical 7042 and 8,300 yuan for YLF-1802. Shanghai Secco LL0220KJ is 6,900 yuan. Saudi 218WJ was 7,300 yuan, down 100 yuan slightly. The current linear material market atmosphere is dull, and the market is difficult to show signs of improvement. The main reasons: a large economic weak situation has not yet eased, the actual demand is limited; Second, when the traditional off-season, the factory operating load is not high, the transaction is difficult to improve; Three upstream, petrochemical performance are not strong, comprehensive cost support is limited. Affected by this, traders shipment intention to increase, but make profit psychology is not obvious. It is expected that the linear low-density polyethylene short-term market may continue to finish the trend.

Outer market: The Asian market price is 730-732 US dollars/ton (CFR China), up 30 US dollars/ton, 720-722 US dollars/ton (CFR Southeast Asia), up 10 US dollars/ton.

High density polyethylene (HDPE) was mainly stable, and individual prices were further straightened out. This week's low-pressure material market mainstream pattern has not changed significantly. The resistance to the volume of terminal demand is large, and the market is difficult to improve comprehensively, but under the support of the cost side, the price downside is also limited. The industry is mainly wait-and-see, and there is little change in operation. It is expected that the short-term high density polyethylene market may be difficult to improve.

Wire drawing material weekend mainstream offer at 7500 yuan. Among them, Daqing Petrochemical 5000S is 7500 yuan. The Yangzi Petrochemical 5000S is 7,500 yuan.

Note Plastic weekend mainstream offer in 7400-9000 yuan. Among them, Daqing petrochemical DMDA6200 was 7400 yuan. Fushun Petrochemical Co., Ltd. fell 1,300 yuan to 2,911 yuan at 9,000 yuan.

Film material weekend mainstream offer in 7600-9500 yuan. Among them, Shanghai Secco HD5301AA is 7600 yuan. Qilu Petrochemical DGDA6098 traded at 8,200 yuan. Taiwan Plastics 9001 was at 8,600 yuan, down 150 yuan. Korea Petrochem F600 was 9,500 yuan.

Hollow material weekend mainstream offer in 7650-10000 yuan. Among them, Jinfei Petrochemical 5502 is 7650 yuan, down 150 yuan. South Korea's LG BE0400 fell 500 yuan to 10,000 yuan.

Outer market: The latest price in the Asian market: drawing material in 750-752 US dollars/ton (CFR China), up 10 US dollars/ton, 740-742 US dollars/ton (CFR Southeast Asia), up 20 US dollars/ton; Note plastic in 730-732 US dollars/ton (CFR China), up 30 US dollars/ton, 720-722 US dollars/ton (CFR Southeast Asia), up 20 US dollars/ton; Film material at $730-732 / ton (CFR China), up $30 / ton, $730-732 / ton (CFR Southeast Asia), up $10 / ton; Blown plastic at $730-732 / ton (CFR China), up $30 / ton, and $720-722 / ton (CFR Southeast Asia), up $20 / ton.

Polypropylene (PP) underperformed with prices on the downside. At the weekend, the mainstream offer of homopoly drawing/injection plastic was 7500-9100 yuan. Among them, Shanghai Petrochemical T300 is 8800 yuan, down 200 yuan. Zhenhai Refining and Chemical T30S was 8,350 yuan, down 650 yuan. Shaoxing Sanyuan T30S was 7,800 yuan, down 150 yuan. Ningbo Fude T30S is 7,500 yuan, down 300 yuan. Shanghai Secco S1003 is 9,100 yuan, down 400 yuan. Yangzi Petrochemical F401 was 8,500 yuan. The domestic copolymer is 8300-9900 yuan. Among them, Shanghai Petrochemical M180R is 8300 yuan. Yanshan Petrochemical K8303 is 9,900 yuan. Yangzi Petrochemical's PPB-M02(J340) was 9,000 yuan, up 300 yuan, and PPB-M02-V (K8003) was 8,400 yuan, down 200 yuan. Imported copolymer at 8,300-10,800 yuan. Among them, South Korea's Hyundai M1600 is 8300 yuan, down 200 yuan. The South Korean Hyosung J340 was 9,500 yuan. The ExxonMobil AP03B is 9,000 yuan. South Korea's SK B380G is 10,800 yuan. The narrowband monofilament 045 is 8,300 yuan. At present, some production units are at or about to enter the maintenance, but by weak trading pressure, failed to cause significant changes in supply and demand. In addition, upstream ups and downs, petrochemical frequent price cuts, have dealt a blow to the market mentality. The mentality of trade is unstable, the intention of taking goods is enhanced, and the profit is mainly reduced. It is expected that the recent polypropylene market may be difficult to change significantly.

Outer market: The latest price in the Asian market: injection PP in 793-795 US dollars/ton (CFR China), up 15 US dollars/ton, 793-795 US dollars/ton (CFR Southeast Asia), up 20 US dollars/ton; IPP film in 808-810 US dollars/ton (CFR China), up 10 US dollars/ton, 803-805 US dollars/ton (CFR Southeast Asia), up 25 US dollars/ton; BOPP at US $813-815 / ton (CFR China), up US $10 / ton, US $813-815 / ton (CFR Southeast Asia), up US $15 / ton; Block copolymerization at $833- $835 / mt (CFR China), up $10 / mt, and $833-835 / mt (CFR Southeast Asia), up $25 / mt. On Thursday, propylene monomer was last quoted at US $748-754 / mt (CFR China), up US $50 / mt, and US $703-709 / mt (FOB Korea), up US $55 / mt.

Polyvinyl chloride (PVC) market enquiries continue to rise. At the weekend, the mainstream price of ethylene method general powder 6000-6050 yuan. Qilu petrochemical S700-1300 is 6100 yuan, up 100 yuan. Tianjin Dagu SLK-1000 was 6,000 yuan, up 400 yuan. Tianjin Lejin LS-100 was at 6,050 yuan, up 350 yuan. Spurred by the rebound of international oil prices, the market sentiment this week has obviously returned, and most chlor-alkali enterprises have introduced measures to pull up factory prices, and the price center of gravity is moving up. However, due to the downstream demand did not follow up in time, traders are still cautious about the future market, generally reflecting the current fewer recipients of goods, operability is not strong. It is expected that in the short term, the PVC market may be mainly finished after the rise.

Raw material price and external market: VCM quoted at 440-442 US dollars/ton (CFR Far East), 485-487 US dollars/ton (CFR Southeast Asia), both up 40 US dollars/ton; EDC price in 200-202 US dollars/ton (CFR Far East), 205-207 US dollars/ton (CFR Southeast Asia), both up 25 US dollars/ton. Latest prices in Asia at US $638-640 / mt (CFR Far East), US $638-640 / mt (CFR Southeast Asia), both up US $10 / mt.

Polystyrene (PS) market performance general market partial retreat. At the weekend, the general grade (GPPS) mainstream offer in 7750-9800 yuan. Among them, CITIC Guoan GPS-525 was 7,750 yuan, down 250 yuan. Ningbo Taihua GP5250 was 8,000 yuan. The Yamba 158K is 9,800 yuan. Guangdong Starlight (formerly SK Shantou)SKG-118 is 8,800 yuan. Zhenjiang Chi Mei PG-33 is 8,500 yuan, down 200 yuan. High impact grade (HIPS) mainstream offer at 8600-9700 yuan. Among them, Panjin ethylene 825 is 8600 yuan, down 100 yuan. Guangdong Starlight (formerly SK Shantou)127 was 8,900 yuan. Zhenjiang Chi Mei PH-88 is 9,700 yuan. Shanghai Secco 622 was 8,700 yuan, down 100 yuan. This week, although most production enterprises can still maintain stable factory prices, but the styrene monomer trend is poor, coupled with the end user procurement enthusiasm can not be mobilized, most manufacturers are waiting to see further changes in the market. Affected by this, traders are confused, taking into account the difficulty of grasping the future market, there is no shortage of profit in the actual operation. It is expected that the recent polystyrene market may still have a certain downward space.

Outer market: Asian market price: GPPS in 850-860 US dollars/ton (CFR Southeast Asia), 840-850 US dollars/ton (CFR China), are stable. HIPS at 950-960 US dollars/ton (CFR Southeast Asia), 920-930 US dollars/ton (CFR China), are stable. On Thursday, styrene monomer prices were at $623.5-627.5 / ton (CFR China), down $15 / ton, while yuan prices were at 5,180-5,200 yuan (Zhangjiagang), down 220 yuan.

ABS resin market trend ups and downs after the market stabilized. At the weekend, the mainstream quotation of domestic ABS was 10600-11500 yuan. Among them, Jilin Petrochemical 0215A was 10,600 yuan, down 300 yuan. LG Yongxing HI-121H was 11,200 yuan. Ningbo Taihua AG15A1 is 10,600 yuan. Zhenjiang Qimei D-180 is 11,000 yuan. Zhenjiang Chi Mei PA-757K is 11,500 yuan, up 100 yuan. Imported ABS is quoted at 11,000-11,600 yuan. Among them, China's Taiwan Chi Mei 757 is 11,600 yuan, down 100 yuan. South Korea's LG HI-121 was 11,200 yuan. The Ineos benzene-collar GP-22 is 11,000 yuan. Sinopec and petrochina in the major regions day by day to pull the factory price is undoubtedly the main driving force of the market price continues to rise at the beginning of the week, at the same time, the return of international crude oil price of 25 US dollars/barrel, also played a certain supporting role in the cost. Traders are calm, tentative high prices. However, unfortunately, with the recovery of the market, the resistance from the terminal has increased, and the downstream factory is weak in receiving goods, and the actual transaction is difficult to improve. It is expected that the ABS market may have a small correction in the short term.

Outer market: The Asian market was last quoted at $1150- $1155 / ton (CFR China), $1150- $1155 / ton (CFR Southeast Asia), both up $20 / ton.

Engineering plastics popularity is not large stable small movement. PA6, Thailand Ube 1013B is 17,500 yuan; And 23,000 yuan for DSM 1010C2 in Japan. PA66, Japan Asahi Kasei 1300S at 29,500 yuan, down 300 yuan; And Germany's BASF A3EG6 at 33,000 yuan. PC, Covestro 2805 for 14,500 yuan; And Taihua Outbound Light IR2200 at 12,700 yuan, up 200 yuan. POM, South Korea Kolon K300 at 12,800 yuan; And 15,000 yuan for the Mitsubishi F20-03 in Thailand. PMMA, China Taiwan Chi Mei CM205 is 15,600 yuan. 14,400 yuan for LG Chem IF850.

THE END
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