China Plastics Price Index (December 9-15)

In this issue (December 9-15), international crude oil prices have risen to no avail.
WTI crude oil futures are quoted at 70-72 US dollars per barrel
.
In terms of plastics futures, polyvinyl chloride (PVC) overall weakened, with a cumulative closing price of about 250 yuan (ton price, the same below); polypropylene (PP) futures rose first and then fell, with little overall fluctuation; linear low-density poly Ethylene (LLDPE) fell by about 100 yuan

In this issue, the Guangdong Plastics Exchange is dominated by low-priced sources of goods, and the market trend is weak, driving the index down
.
As of the close, the China Plastics Price Index on the Plastics Exchange reported 1,393.

On the macro level, Shandong’s tough areas for atmospheric governance have expanded again, and many listed chemical companies in Zhejiang have temporarily suspended production due to the impact of the epidemic, and the operating rate of domestic terminal enterprises is expected to further decline
.
From the perspective of supply, the operating rate of plastics companies has increased steadily, PVC is maintained at around 80%, and some PP and LLDPE companies are approaching 90%.

The PVC market fell slightly.
Futures fluctuated at a low level.
In addition, the spot trading atmosphere was dull.
Merchants focused on selling profit.
The PVC market fell by about 350 yuan in this period
.
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 8550-8700 yuan

PP consolidation within a narrow range Futures stabilized and fluctuated, petrochemical ex-factory prices were partially adjusted, merchants’ offers were lowered to facilitate transactions, and downstream factories were cautiously purchasing on demand
.
As of the end of the period, the mainstream quotation of domestic PP drawing materials was 8050-8400 yuan, a small increase of 5 yuan from the previous period

LLDPE runs weakly.
Futures fluctuates at low levels.
Most of the petrochemical ex-factory prices are stable.
Merchants offer small profit margins, and downstream factories are generally motivated to make inquiries
.
As of the end of the period, the mainstream domestic LLDPE quotations ranged from 8,630 to 9,000 yuan, a decrease of 110 yuan from the previous period

(China Plastic Price Index Research Center)