China Plastics Price Index (December 30, 2021 to January 5, 2022)

In this issue (December 30, 2021 to January 5, 2022), crude oil prices maintained a narrow range; it was the New Year's Day holiday, domestic plastic futures rose first and then fell; following the trend of futures, spot market traders also adjusted plastics slightly Quote
.

Due to the off-season of production, the follow-up of downstream real orders is limited, and the overall purchase is mainly based on rigid needs

In the countdown to the Spring Festival, orders for downstream agricultural film demand have decreased, and the demand for pipes in the off-season is insufficient.
Some companies have announced holiday notices, but it is not obvious for terminal companies to stock up before the holiday
.

Under the stable start of construction, the inventory of plastic enterprises has increased, and it is expected that the short-term plastic price or range will be adjusted weakly

Polyvinyl chloride (PVC) fluctuated slightly Spot transactions were flat, but futures fluctuated sideways.
The willingness of merchants to cut prices for shipments weakened, and most of the quotations remained stable
.

As of the end of the period, the mainstream self-delivery price of type 5 ordinary calcium carbide in South China and East China markets is 8500~8600 yuan (ton price, the same below)

Polyvinyl chloride (PVC) fluctuated slightly

Polypropylene (PP) rose slightly.
The futures market fluctuated strongly, and the ex-factory price of petrochemicals was partially raised.
Merchants offered to follow the market, and downstream factories were not strong in purchasing raw materials
.

As of the end of the period, the mainstream quotation of domestic PP wire drawing materials was 8180~8450 yuan, an increase of 165 yuan from the previous period

Polypropylene (PP) edged up

Linear low-density polyethylene (LLDPE) warmed up .
The futures market rose steadily, petrochemical ex-factory prices partially increased, merchants' offers followed a slight increase, and downstream factory purchases were flat
.

As of the end of the period, the mainstream domestic LLDPE quotation was 8650~8950 yuan, an increase of 75 yuan from the previous period

Linear Low Density Polyethylene (LLDPE) Warm Finish

(China Plastics Price Index Research Center)