Styrene skyrocketed and staged a big drama! ABS PS rose by up to 350 yuan! PP PE rose by 250 yuan! Explosion accidents in major plasticizing provinces have occurred repeatedly, but fortunately, the red market gives people a touch of comfort~
Plastic price fans are looking for high-quality purchases today
explosion in lianyungang, jiangsu
Last night (September 8), an explosion occurred at Lianyungang Hengyou Building Materials Co., Ltd., Siying Village, Zhangwan Township, Donghai County, Lianyungang City, Jiangsu Province.
The Lianyungang City Fire Rescue Detachment dispatched 14 fire engines and 70 commanders and fighters to put out the fire. At 22:40, the open fire was extinguished, and the fire area was about 800 square meters. There were no casualties. The fire building was a single-layer color steel tile factory building. The fire site was located inside the factory. The main burning materials on site were sulfuric acid, Ailu curing agent, and hand paste resin R235. The factories involved mainly produced building materials such as plywood.
The "3.21" Jiangsu Xiangshui explosion accident has not yet been digested. This explosion incident has raised the hearts of local plasticizer manufacturers. This incident caused a thorough investigation of chemical safety in surrounding factories. During the safety investigation, the normal production of the factory cannot be ruled out. When anxious about this, I can't help but ask: "What happened to the Jiangsu chemical plant this year?"
Fortunately, the current red and rising market for materials can still give plasticizers some comfort.
Plastics market analysis
ABS Market
The current domestic ABS market quotations are rising across the board, with a daily increase of 50-350 yuan/ton.
PS Market
The current domestic PS market continues to rise sharply, with some brands increasing by 100-300 yuan/ton per day.
PP market
The current PP market offers are volatile, and some brands continue to rise by 50-250 yuan/ton.
PP powder market
The current domestic PP powder market is stable.
PE market
The current trading atmosphere in the domestic PE market has improved, and the transactions of linear products have improved. Some brands have increased by 50-200 yuan/ton per day.
PVC market
The current PVC market is up slightly.
EVA Market
The current EVA market price is mainly stable.
Analysis of influencing factors
Factors affecting ABS
ABS device dynamics
ABS Upstream Dynamics
① Styrene: Styrene market prices continued to rise last Friday. Although the typhoon affected the arrival of goods in East China, more goods arrived during the week as a whole, and port inventories are expected to rise. It is expected that today's styrene market or rigid demand will wait and see.
② Butadiene: Last Friday, the market price of butadiene fell slightly, the transaction of high-priced goods in the north was not smooth, the downstream wait-and-see atmosphere was obvious, and the supply side performance was weak. It is expected that the butadiene market may decline today.
③ Acrylonitrile: Last Friday, the domestic acrylonitrile market continued to rise in price, the overall inventory of manufacturers was low, the spot supply was tight, and the trading price of traders rose. In addition, upstream and downstream users stocked up on demand before the double festival, and the market trading center was raised. It is expected that the acrylonitrile market will consolidate and operate today.
PS factors
PS device dynamics
PS Upstream Dynamics
Styrene market prices continued to rise last Friday. Although the typhoon affected the arrival of goods in East China, more goods arrived during the week as a whole, and port inventories are expected to rise. It is expected that the styrene market or rigid demand will wait and see today.
PP influencing factors
PP installation dynamics
PP Upstream Dynamics
Influencing factors of PP powder
Upstream dynamics of PP powder
The propylene market operated smoothly last Friday, the supply of goods in the region increased, and the sales pressure of refineries increased. The downstream is generally active in purchasing raw materials, so it is more cautious to wait and see. It is expected that today's propylene market price may stabilize the market.
PE influencing factors
PE upstream dynamics
On the 6th, the Asian ethylene market price was stable, with CFR Northeast Asia quoted at $867-875/ton and CFR South East Asia at $807-815/ton.
PVC influencing factors
Upstream dynamics of PVC
On the 6th, the Asian ethylene market price was stable, with CFR Northeast Asia quoted at $867-875/ton and CFR South East Asia at $807-815/ton.
EVA influencing factors
EVA device dynamics
EVA Upstream Dynamics
On the 6th, the Asian ethylene market price was stable, with CFR Northeast Asia quoted at $867-875/ton and CFR South East Asia at $807-815/ton.
Outlook Forecast
ABS Outlook Forecast
The current domestic ABS market price continues to rise, the upstream styrene has risen sharply, resulting in higher costs for manufacturers, petrochemical manufacturers have raised factory quotations across the board, some models continue to be out of stock, downstream demand has improved, and the volume of goods has increased.
It is expected that the ABS market will continue to rise in the near future, and it is recommended to pay more attention to further changes in costs and supply and demand.
PS Outlook Forecast
At present, the mainstream center of gravity of the PS market is running strongly. The upstream styrene is playing a big show, which supports the cost side strongly. The cost rises too fast, the PS profit is squeezed by details, and the ex-factory price increases greatly. Merchants' replenishment costs increase, industry inventories continue to decline, and the cost of imported goods is still high. The market still has a certain possibility of rising.
It is expected that the PS market will continue to rise in the near future. It is recommended to pay more attention to cost-side and supply-side changes.
PP Outlook Forecast
The current domestic PP market is volatile and adjusted. After the PP futures rebounded, they began to weaken, and the industry's mentality was bearish. After the maintenance of China Coal Yulin and other petrochemical plants, the market support was weakened, and the demand for downstream factories was not significantly boosted. In addition, the environmental protection pressure in some areas is severe, and the industry is still worried about the market outlook. However, at the beginning of the week, petrochemical prices were mainly supported, and cost support was still the main one.
Expected short-term PP market or range consolidation, it is recommended to pay more attention to futures and further changes in supply and demand.
PP powder market outlook forecast
The current PP powder market is stable, the upstream propylene has limited support for the cost side, the PP futures are weak and volatile, and it is difficult to support the spot. The industry mentality is average, the goods are not actively obtained, and the market transaction situation is average.
It is expected that the PP powder market will be carefully sorted out in the near future.
PE Outlook Forecast
The current domestic PE market prices are mainly rising, and petrochemical inventories are at a medium and low level, but futures are not supported by the positive macro situation, the rebound is relatively weak, the transaction situation is cold, and traders' offers are reduced.
The short-term domestic PE market is expected to fluctuate in a narrow range.
PVC Outlook Forecast
The current domestic PVC market trend is basically stable, and the pressure on the supply side is gradually picking up. Downstream companies are still cautious and continue to purchase small orders with rigid demand. However, with the peak season in September, there is a long-term replenishment demand, and orders from large enterprises may increase.
It is expected that the PVC market will be stable in the near future.
EVA Outlook Forecast
At present, the price of EVA market remains stable, and the cost support has declined. Due to the low inventory in the field, manufacturers value more goods for sale, and the actual order volume is acceptable.
It is expected that the EVA market may be stable in the near future, and there is no shortage of small increases.
Disclaimer
Note: The above analysis only represents the views of today's plastic price suggestions. The information provided is for customer decision-making reference only, and is not responsible for customer buying and selling transactions and investment operations. Customers should not replace their own independent judgments with this analysis. Any decisions made by customers have nothing to do with today's plastic price. This article is edited by today's plastic price. Any similarities are purely coincidental and cannot be reproduced without authorization.
