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    Home > Chemicals Industry > Rubber Plastic News > Fundamental weakness plastic market short-term worry

    Fundamental weakness plastic market short-term worry

    • Last Update: 2022-08-21
    • Source: Internet
    • Author: User
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    The recent poor performance of some global economic data, and the market's doubts about the positive trade situation, the international oil prices both fell, adding to the current plastic market


    .


    Most of the domestic PE market prices fell by RMB 50-200/ton yesterday


    .


    It is expected that the domestic PE market price will fluctuate and organize today, and the high price will continue to fall by 50-100 yuan / ton


    .


    Positive factors: Daqing Petrochemical, Lanzhou Petrochemical and other units are under maintenance, and the supply of some sources has been reduced, which relieves the supply pressure to a certain extent; some downstream enterprises have stocking needs, and there is a rigid need for polyethylene support


    .


    Negative factors: the drop in international oil prices and the low opening of futures in the night session have suppressed the confidence of the industry to a certain extent; the petrochemical part has lowered the ex-factory price, and the cost of on-site supply has weakened; the environmental protection supervision has not been reduced, and the production of terminal enterprises has been hindered


    .


    Other factors: pay attention to changes in plastic futures and petrochemical ex-factory prices


    .


    Yesterday, the domestic PP market fell slightly.
    In terms of prices, the price of drawing fell slightly by about 20-50 yuan/ton; the price of copolymerization fell by about 50 yuan/ton except for a few brands with few goods.
    The mainstream price in China is 8600-8350 The price ranges from RMB/ton, and the mainstream price of low-melting copolymerization ranges from RMB 8950-9350/ton


    .


            It is expected that the domestic PP market will fluctuate and decline today, and the price fluctuation range will be around 20-50 yuan / ton


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            Positive factors: The supply of some goods in the spot market is not loose, which has a certain support for market prices; Fushun Petrochemical's new plant, Lianhong New Materials, Lanzhou Petrochemical and other plants have been shut down for maintenance, and the overall supply side pressure of PP is temporarily not large; PP futures night trading slightly increased It closed up, slightly boosting the mentality of the industry
    .

            Negative factors: the international crude oil price has fallen, and the cost-side support has weakened; the downstream purchases of the terminal are generally enthusiastic, and most of them just need to fill up their positions, and the market transaction is difficult to increase; In some areas, the load of industries such as BOPP has decreased
    .

            Other factors: Pay attention to the ex-factory price of petrochemicals, the trend of PP futures and downstream replenishment
    .

            Yesterday, the V2001 futures fluctuated and rose, and the long positions on the disk were obvious.
    The daytime trading basically ran above the moving average, and the heavy volume closed the bald positive line

    .
    The prices of PVC enterprises only rose slightly at high prices, while others did not change.
    The phenomenon of queuing up for delivery in some factories is still there

    .
    The spot market price was mainly stable, but in southern China, the shortage of goods pushed up, and the market was obviously bullish, and some of them reported high again in the afternoon

    .
    Downstream products companies can still make inquiries at the beginning of the week, but they maintain rigid demand when they receive orders, and some of them replenish their inventories moderately, but they show resistance to high prices, and they favor low-priced sources for firm offers

    .
    However, it is worth noting that the transactions in southern China are good, mainly because the lack of market arrivals leads to a prominent shortage of goods, and the market atmosphere is better than other regions

    .

            It is expected that the domestic PVC market will be mainly sorted out today, and some resources with less goods are expected to be raised
    .

            Bullish factors: PVC futures rose against the trend, and participants are still optimistic about the market outlook due to long-term capital Masukura; social inventories in East China and South China continue to decrease, and some warehouses in South China and North China have very little stock, and some businesses focus on pre-sale; PVC The operating rate of the industry is not high.
    Although some of the factories have resumed production, most of the factories have insufficient inventory.
    In the short term, they will mainly fill the vacancies.
    Judging from the pre-sales of PVC enterprises, each company still owes a lot of orders, and there is no intention to reduce prices in the short term, and the cost of supply in the market is relatively low.
    strong

    .

            Negative factors: The operating rate of the PVC industry is not high.
    Although some of the production has been resumed, most of the factories have insufficient inventory, and they will mainly fill the vacancies in the short term; social inventory in East China and South China is in a downward channel, and the supply of goods from warehouses in individual regions is tight.
    The sales volume is good; the Sino-US trade has eased in stages, which will boost the market to a certain extent, and it will be beneficial in the long run; from the pre-sale situation of PVC enterprises, companies have no intention to reduce prices in the short term, and the market supply cost support is strong

    .

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