Plastics: today's market summary and tomorrow's outlook
Market announcement
PP granule
Today, the domestic PP market continues to adjust in a weak way, ranging from 20-50 yuan / ton. The continuous low-level operation of futures suppressed market sentiment, some brands of petrochemicals continued to be lowered, traders actively delivered goods, and the firm offer continued to yield interest. The downstream maintains rigid procurement and the on-site trading is flat. Today, the mainstream price of wire drawing is 7800-8050 yuan / ton in North China market, 7850-8000 yuan / ton in East China market and 8200-8400 yuan / ton in South China market.
Forecast: at present, the supply of polypropylene is fully released, but the frontier spot has not been significantly accumulated, and the market is still in a game in which there is no major negative and its fundamentals are still controllable. Next week, on the one hand, futures support is insufficient, and the probability of short-term low continuation is large, which is not conducive to the spot boost. On the other hand, the demand will not provide strong support for the time being, and it is expected that the carrier will continue to deliver goods at a profit. It is predicted that the spot market of polypropylene PP will still be dominated by weak operation next week. Take East China as an example, it is estimated that the mainstream price of wire drawing is 7700-8000 yuan / ton.
PE
Today, the price of PE market is partly up and down, with a linear increase of 30-70 yuan / ton in North China, 40-80 yuan / ton in individual high-pressure, 50-100 yuan / ton in individual low-pressure hollow, and 100 yuan / ton in individual membrane materials; a linear increase of 30 yuan / ton in East China, 50 yuan / ton in individual high-pressure, and 50 yuan / ton in individual low-pressure membrane materials; a high-pressure drop of 50 yuan / ton in South China, and 50 yuan / ton in individual low-pressure membrane materials and hollow. The high opening of futures led to a small rise in some linear prices in the market. However, near the end of the week, the enthusiasm of market trading was not high, the delivery of goods by merchants was not smooth, and most of them intended to yield profits. Downstream receiving enthusiasm is weak, deal volume negotiation. The main price of domestic LLDPE is 7140-7600 yuan / ton.
Forecast: according to Zhuo Chuang's statistics, the maintenance loss of domestic petrochemical units will increase slightly on a month on month basis next week. In terms of import, it is expected that the weekly import will remain at the lower middle level, but the number of low-pressure goods sources will be significantly reduced, and the overall market supply pressure will be weakened. In terms of demand, the demand for greenhouse film gradually weakens, the start of mulch film is slow, and the change of other downstream industries is limited. At the same time, the terminal still adheres to the rigid demand procurement mode and has limited support for the market. Zhuoechuang expects that the domestic PE market will maintain a volatile trend next week, and the mainstream price of LLDPE is expected to maintain at 7150-7650 yuan / ton.
PC
Today, the domestic PC market offer part still has weak consolidation, business mentality weak wait-and-see mainly. On the supply side, in the process of commissioning and improvement of Shengtong Juyuan device, nearly half of China blue guosu was overhauled, and the supply of non mainstream import goods in the market was acceptable. The market merchants paid more attention to the further change of light demand side procurement. At present, the low-end reference of East China PC market is 13600-14600 yuan / ton, and the middle and high-end reference is 14600-16500 yuan / ton.
Forecast: the supply of goods in domestic PC market is acceptable, the digestion is still slow, and the market mentality is weak. The short-term peripheral news is good and the transmission is slow, the raw material bisphenol a market rises moderately, and the PC cost pressure increases again. In the recent domestic PC market or relatively weak consolidation, attention should be paid to the changes in the mentality of domestic manufacturers and merchants.
PET
Today, polyester raw material main period price fell 28, glycol main period price fell 12. The main period price of polyester raw materials is relatively weak, but the spot price of glycol is relatively high, which forms a significant support for polyester bottle flakes, the quotation of enterprises remains stable, and the main focus of the market is consolidated. In recent months, East China has talked about 6400-6500, and it is heard that the price of a few sources of goods is slightly lower, with some long-term 6450-6550; in recent months, South China has referred to 6450-6500 for self delivery; in recent months, North China has referred to 6400-6500 for self delivery. The center of gravity of polyester bottle slice is generally stable, the downstream buying is cautious, and the overall transaction atmosphere is general. (unit: yuan / ton)
Forecast: polyester raw material spot rose today, PTA (4978, 54.00, 1.10%) rose 10 to 4835 yuan / ton, MEG rose 190 to 5550 yuan / ton, polymerization cost 5993 yuan / ton. Polyester bottle chip cost end pressure is large, so the production enterprises run at a high price, but the downstream replenishment is cautious, to buy at the middle and low level of the range, but under the pressure of loss, it is expected that polyester bottle chip market will run warmer in recent days.
BOPP
Today, domestic BOPP continued to be lowered, and the membrane factory actively handed in the bill. The main stream of thick light film in East China is 10200-10400 yuan / ton, down 50 yuan / ton compared with the previous trading day, and the link ratio is the same, 600 yuan / ton lower than the previous trading day; 10300-10600 yuan / ton in North China; 10300-10500 yuan / ton in South China. The retail market price is temporarily stable. The thick film does not include the value-added tax of Yiwu of 9800-10000 yuan / ton, Chaoshan of 9600-9700 yuan / ton, Hebei of 9700-9900 yuan / ton, Henan of 9800 yuan / ton, Tongcheng of 11200-11400 yuan / ton, Qingdao of 10800 yuan / ton. According to Zhuo Chuang, the current order volume of BOPP enterprises is still sufficient, most of which are more than one week, some of which can be up to half a month and one month. In terms of transaction volume, 10100-10400 yuan / ton in North China, 10000-10400 yuan / ton in East China and 9900-10400 yuan / ton in South China. 9350 yuan / ton of low-cost goods are available, with certain transaction conditions.
Forecast: the international oil price rebounded slightly, which gave a limited boost to the market. PP futures are weak and volatile, petrochemical factory is still down, spot price is weak and finishing, cost support is limited; BOPP membrane factory has sufficient accumulated orders, and actively pays orders, and new orders can be negotiated by volume. Zhuo Chuang predicted that the domestic BOPP would be in weak operation next week, the membrane plant would pay a bill atmosphere, pay attention to negotiation in a firm offer, and the price would fluctuate by 9900-10500 yuan / ton.
Liquid caustic soda
Today, the overall operation of the domestic liquid alkali market is still flat, and there is not much good news in the downstream, so the support for the liquid alkali market is not strong. Among them, the market performance of liquid alkali in Northeast China is general, and the market is weak. The market of liquid alkali in Southwest Guangxi is also weak and hard to change. The receiving situation of downstream terminals is not ideal, and the delivery situation of chlor alkali enterprises is not good