China Plastic Price Index (June 17-23)

In this issue (June 17~23), the Guangdong Plastics Exchange continued to be stable, the merchants' quotations were stable, and the downstream enterprises were not willing to purchase, and the index continued to trend smoothly
.
As of the close, the China Plastics Price Index on the Plastics Exchange reported 1482.

Entering the end of June, the weather continued to be hot and rainy, and downstream plastic products companies entered the seasonal off-season, and their willingness to purchase declined
.
On the other hand, in the upstream, maintenance has been reduced, and the superimposed production is profitable.

PVC weakened and fluctuated.
Futures fell, and the market atmosphere was negative.
Merchants followed the decline in shipments.
The spot market price in this period fell slightly by about 250 yuan (ton price, the same below)
.
As of the end of the period, the mainstream self-raising price of type 5 ordinary calcium carbide in the South China and East China markets was RMB 8,900-9,120

The PP market is warming up.
The futures market fluctuates and strengthens, and the ex-factory prices of petrochemical companies continue to increase.
The mentality of traders is acceptable, and offers rise slightly.
Downstream factories continue to be cautious and just need to purchase
.
As of the end of the period, the mainstream quotation of domestic wire drawing materials was 8400-8700 yuan, an increase of 125 yuan over the previous period

LLDPE rose slightly.
Futures continued to rebound, and petrochemical companies' ex-factory prices partially increased.
Under the support of market supply costs, most of the traders' offers followed up, and downstream factories had no intention of receiving goods
.
As of the end of the period, the mainstream domestic LLDPE quotations were between 7900 and 8350 yuan, an increase of 160 yuan over the previous period

(China Plastic Price Index Research Center)