Rising! Styrene is picking up, ABS PS is up by 300, PP is up by 100, the market is stable and rising, and merchants are eager to try~
Plastic price fans are looking for high-quality purchases today
Are many people looking forward to today's latest news to see how the trade war is going and how Trump is doing?
But the editor tells you that today we will directly focus on~
Without further ado, let's take a look at ABS PS 'common upstream raw material, styrene!
As shown in the chart of the average price of styrene market in the past week by Yisou APP: This week, the styrene market has risen sharply.
From 8,260 yuan/ton on August 9 to 8,375 yuan/ton on August 15, it can be seen that styrene has continued to run at a low price in the past week.
The rise in styrene has naturally led to the rise in the two major raw materials ABS and PS.
According to the trend chart of the mainstream average price of ABS in South China market in the past week, it can also be seen that the price of ABS market has risen strongly since August 9~
With the support of upstream costs, the price of raw materials has naturally risen, and the material sellers have also sighed: Finally, it's time to make it through!
Looking back at the market this week, whether it is a continuous rise at the beginning of the week or a narrow range of fluctuations in the past two days, the fundamentals are still good. No matter what the external economic environment is, the US debt is upside down or the US stock market is down by the limit, whether the market is flat like water or hot like fire, we plasticize people actually want to sell something with peace of mind.
Going with the market, rising and falling is the law of the market. It's just that we have suffered a lot of wind and rain this year, and we have become frightened birds. In the second half of the year, the industry faces many challenges. The downward pressure on the economy is increasing, uncertainties such as the geopolitical situation are increasing unabated, factors affecting oil price fluctuations are increasing, the dependence on foreign varieties such as crude oil and natural gas continues to rise, and the challenges of safety and environmental protection are severe. But challenges are just a game for the brave. The development of the country cannot be separated from the materials industry. We are confident that we will turn the invisible blue ocean into a red ocean of profits.
For material people, the rise and fall of material prices is the key to the profit of the material business. It is recommended that you go to the I search market section to grasp the latest plastic prices of materials in real time and seize the opportunity to buy and sell.
PP
The current PP market trading is light, and the offer is narrowly sorted out, with a daily rise and fall of 50-100 yuan/ton.
Influencing factors
PP unit dynamics
PP Upstream Dynamics
Yesterday, the price of propylene market was firm, the supply of goods in the field was tight, and the merchants had no pressure to ship for the time being. The willingness to support the price was obvious. The downstream end point factory purchased to maintain rigid demand. It is expected that the price of propylene market today may be sorted out and run.
Outlook Forecast
The current PP market upstream propylene continues to rise to support the cost side, but due to yesterday's low futures opening and low crude oil slump, the enthusiasm of industry players has been frustrated, downstream demand has not improved significantly, and the market is sluggish.
The short-term PP market is expected to adjust weakly.
PP powder
The current domestic PP powder market is running weakly and steadily.
Influencing factors
Upstream dynamics of PP powder
Yesterday, the price of propylene market was firm, the supply of goods in the field was tight, and the merchants had no pressure to ship for the time being. The willingness to support the price was obvious. The downstream end point factory purchased to maintain rigid demand. It is expected that the price of propylene market today may be sorted out and run.
Outlook Forecast
The current PP powder market range is consolidating, and upstream propylene can support the cost side, but yesterday's crude oil futures fell, the powder market was affected by this, and some areas gradually resumed transportation. The spot resources on the market are expected to increase, and the industry mentality is cautious. The transaction atmosphere is light.
The PP powder market is expected to consolidate in the near future.
ABS
The current domestic ABS market is highly speculative, with some brands rising or falling by 50-300 yuan/ton per day.
Influencing factors
ABS unit dynamics
ABS Upstream Dynamics
① Styrene: Styrene continued to rise yesterday, and the easing of Sino-US talks played a temporary positive role in the general environment. However, crude oil fluctuated, the RMB exchange rate continued to depreciate, and the industry's mindset was cautious. The buying atmosphere on the market was light. It is expected that the styrene market may consolidate today.
② Butadiene: Yesterday, the butadiene market fluctuated and fell. Recently, northern manufacturers have been exporting in normal quantities, and Fushun Petrochemical has released a small amount of goods, increasing market supply, flat downstream demand, and sluggish business mentality. It is expected that the butadiene market may operate weakly today.
③ Acrylonitrile: Yesterday, the domestic acrylonitrile market price remained stable, the manufacturer's intention to ship was strong, and the downstream maintained rigid demand for buying. The industry has a strong wait-and-see mood, and the overall trading atmosphere in the market is general. It is expected that today's acrylonitrile market may be narrowed.
Outlook Forecast
At present, the overall trading atmosphere of the domestic ABS market has improved, and the continuous upward trend of upstream styrene has certain support for the cost side. Coupled with the positive signals released by the trade war, merchants have a strong sense of speculation. However, downstream demand continues to be weak, and there is a lack of substantive upward momentum in the market.
It is expected that the ABS market price may fluctuate in the near future.
PS
The current domestic PS market is running strongly, and some brands are rising or falling by 20-225 yuan/ton on a daily basis.
Influencing factors
PS unit dynamics
PS Upstream Dynamics
Styrene continued to rise yesterday, and the easing of Sino-US talks played a temporary positive role in the general environment. However, crude oil fluctuated, the RMB exchange rate continued to depreciate, and the industry's mentality was cautious. The buying atmosphere on the market was light. It is expected that the styrene market may consolidate today.
Outlook Forecast
The current PS market continues to rise, the upstream styrene trend is strong, the cost side support is acceptable, traders' shipments are good, downstream factories are actively replenishing goods, the supply circulation speed is fast, and the on-site transaction atmosphere is good.
It is expected that the PS market may be shaken in the near future.
PE
The current domestic PE market demand is weak, and some brand offers have fallen, with a daily increase of 50-100 yuan/ton.
Influencing factors
PE upstream dynamics
On the 14th, the price of ethylene in the Asian market rose. CFR Northeast Asia quoted $957-965/ton, up $20/ton, and CFR South East Asia quoted $857-865/ton, up $20/ton.
Outlook Forecast
The current domestic PE market is running weakly, the center of gravity of futures fluctuates and moves down, merchants' shipments are weak, some ex-factory price offers are lowered, a small amount of goods are tight, and resource prices are relatively firm. The downstream operating rate remains low, and the trading atmosphere in the market is weak.
It is expected that the short-term domestic PE market may fluctuate.
PVC
The current PVC market is basically stable.
Influencing factors
Upstream dynamics of PVC
On the 14th, the price of ethylene in the Asian market rose. CFR Northeast Asia quoted $957-965/ton, up $20/ton, and CFR South East Asia quoted $857-865/ton, up $20/ton.
Outlook Forecast
At present, the ex-factory prices of upstream enterprises in the domestic PVC market remain stable, downstream procurement maintains rigid demand, merchants' shipments are blocked, and transactions are weak.
It is expected that the PVC market will be in operation in the near future.
EVA
The current EVA market has changed little.
Influencing factors
EVA unit dynamics
EVA Upstream Dynamics
On the 14th, the price of ethylene in the Asian market rose. CFR Northeast Asia quoted $957-965/ton, up $20/ton, and CFR South East Asia quoted $857-865/ton, up $20/ton.
Outlook Forecast
At present, the cost trend of the EVA market is uncertain. Merchants are cautious and focus on stability. The demand of downstream manufacturers is not large and rigid, and they need to get goods. The trading atmosphere in the market is average.
The EVA market is expected to be stable in the near future.
