The general conditions of the domestic plastic raw material market were as follows: As of 15:00 on March 1, China's plastics price index rose 1.33 to 1082.41 points, and China Plastics's spot index rose 2.75 points to 1220.01 points.
On the 1st of the plastic spot market prices steadily rose, some of the tentatively quoted high. Crude oil market: On Monday morning, it was rumored that Libya’s oil supply was interrupted by more than half, international oil prices rose strongly, and Brent crude oil futures broke through 114 US dollars per barrel. However, Saudi Arabia has promised to make up for the supply losses caused by the riots in Libya. It is also reported that Libya is exporting crude oil and the international oil price has dropped sharply. The petrochemical companies increased their factory prices in turn, and the single-unit market continued strong support. The spot was supported by strength and the quotation rose slightly.
First, the PE market
The PE market continues to expand tentatively. At present, the downstream factories are not willing to accept shipments. Some merchants have taken measures and the quotation still has some room for negotiation. South China is stimulated by PetroChina South China and Sinopec South China, and the linear and high-pressure market offers follow-up noticeable. .
On the afternoon of the 1st, the LLDPE spot price in the plastic spot market continued to be flat, the listing situation was still weak, traders were bearish on the market outlook, the enthusiasm for listing was difficult to increase, and the stability in the quotation was mainly based; the HDPE market was higher than yesterday and the listing situation improved. Traders have more wait-and-see attitudes, higher bullish sentiment, stable quotations, and a slight increase in quotations.
It is expected that the short-term PE market will continue to rise slightly.
Second, the PP market
The PP market's offer steadily increased, and the market in North China and East China performed particularly well. With the gradual full load of the downstream factories, the demand for raw materials has been gradually strengthened and the market liquidity has been promoted. Businesses are increasingly bullish on the market outlook, so the market offers a steady increase.
In the afternoon of the 1st, the PP spot market in the plastic spot store continued to improve compared to yesterday, and there was little change in the listing situation. Traders’ bullish attitude was increasing, and the quotations increased.
It is expected that the short-term PP market will be sorted out and there will be a significant amount of firm sales.
Third, PVC market
The market price of PVC declined slightly. The market had a low turnover in recent days, and the Yin area in southern China had little change in East China and North China. It was heard that there were low-level shippers. Some PVC companies quoted steady stabilization in the mainstream and ethylene materials remained stable.
In the afternoon of the 1st, the PVC spot market in the plastic spot store was basically the same as yesterday, the listing situation was stable, and the trader’s mentality was stable. In addition to the price reductions for several brands, the quotations of other brands continued to maintain stability.
It is expected that there will be no major changes in the market for short-term PVC, and most of them will remain stable.
Fourth, ABS market
ABS market prices generally rose steadily, petrochemical companies raised their ex-factory prices, and the price of goods was tentatively raised. However, taking into account the current lack of buying interest in the market, the focus of negotiations remained concentrated at the low end, with small orders being the mainstay. The mindset of the industry was confusing and the wait-and-see atmosphere was strong throughout the trading hours. The market lacked guidance on the news.
In the afternoon of the 1st, the spot price of ABS in the plastic spot market rose slightly higher than yesterday, and the listing situation was basically stable. Traders’ confidence in the market increased and the quotation was stable, and a few brands were raised.
It is expected that the trend of the short-term ABS market will continue to stabilize.
V. PS Market
The market price of PS continued to rise steadily. Among them, the supply of benzene in the South China market was tight, and the prices rose sharply, rising at 100-200 yuan/ton, and the shipments were normal. Permeability continues to be high and the transaction is slightly weak. With today's petrochemical manufacturers raised their offer, the market business mentality is stable, and the traders will follow suit.
It is expected that the short-term PS market price will continue to rise slightly.
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