China Plastic Price Index (July 1-7)

In this issue (July 1-7), domestic plastic futures rose first and then fell due to the impact of oil price trends.
Among them, LLDPE and PP futures both hit new lows for more than a week, while PVC futures fluctuated and consolidated
.

In terms of spot, the ex-factory prices of petrochemical companies have been partially raised, merchants have tentatively reported high prices, and the polyolefin market has risen slightly; there are not many sources in the market, and merchants are willing to keep the price, but the enthusiasm of downstream receiving goods is not high, the transaction is not good, and the PVC market fluctuates slightly.

.

Crude oil and coal markets are operating at a high level, and polyolefin costs are supported by strong support, but demand has not improved significantly.
In addition to the expectation of new production capacity, polyolefins will continue to rise.
The contradiction between PVC supply and demand is not prominent, and the shock pattern is temporarily difficult to change
.

PVC slightly tidied up.
Futures fluctuated at a high level and had limited impact on the spot trend.
Merchants had low inventories and a strong intention to hold prices.
However, the downstream just needed to receive the goods, and the trading was weak.
The spot market was less volatile in this period
.

　　In terms of demand, the impact of the off-season continues.
Downstream companies such as pipes and profiles have insufficient orders.
In addition to the high prices of raw materials, the intention to receive goods is generally low, and transactions are relatively thin
.

　　PP rises within a narrow range.
The futures market fluctuates and the ex-factory prices of petrochemical companies have partially risen.
Traders offer steady, medium and small increases
.

　　In terms of demand, BOPP companies have acceptable orders, but the raw material inventory of the film factory is relatively high.
The plastic woven industry is in the off-season.
There are not many traditional orders.
The power curtailment in the southern region still affects the start of some downstream factories, terminal automobiles and some home appliance industries and other injection molding products.
Demand is still constrained by the lack of cores, and it is expected that the PP market outlook will fluctuate
.

　　LLDPE stabilized and sorted out.
Futures fluctuated, petrochemical companies' ex-factory prices were partially increased, and traders followed up on market quotations.
The adjustment range was not large, and downstream factories had poor purchasing intentions
.

　　In terms of inventory, with the recent slight increase in market prices of some products, terminal factories are not willing to receive goods, traders are not smoothly out of stock, and social inventory has accumulated slightly
.

　　(China Plastic Price Index Research Center)