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In this issue (June 24-30), international oil prices in this issue fluctuated at a high level, and domestic plastic futures rose across the board.
Among them, LLDPE futures saw the largest increase, which was 3.
48%
.
Rising futures boosted the spot trend.
Domestic production has rebounded, and exports have decreased.
The industry's confidence is lacking.
However, there are not many sources of goods in the market, and the cost-side support is also strong.
It is difficult to change the shock pattern of PVC for the time being
.
The inventory pressure of petrochemical manufacturers is controllable, and the cost of raw materials remains high, and the market outlook for polyolefins is still likely to rise
PVC Weakness Finishing The large-scale power cuts of calcium carbide enterprises in Inner Mongolia have caused concerns about the shortage of raw materials.
The spot market in this period rose slightly by about 100 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 9050-9180 yuan
PVC weak finishing
In terms of raw materials, the power curtailment policy affects the production of calcium carbide, and the supply of calcium carbide is relatively tight.
However, considering the affordability and transportation conditions of downstream PVC companies, the industry tends to wait and see, and the calcium carbide market is largely stable
.
On the supply side, the operating rate of PVC companies has not changed much.
PP within a narrow range The futures market rose first and then fell.
The ex-factory prices of petrochemical companies were mostly stable, and some were still adjusted upwards.
Traders’ offers were adjusted slightly, and downstream factories purchased appropriate quantities on demand
.
As of the end of the period, the mainstream quotation of domestic wire drawing materials was 8400-8750 yuan, a slight increase of 25 yuan over the previous period
PP narrow finishing
LLDPE rose slightly.
Futures were running strongly.
Petrochemical companies’ ex-factory prices were partly increased.
Traders followed up on the market with offers.
The market sentiment was not good, and downstream factories were cautious in inquiries
.
As of the end of the period, the mainstream domestic LLDPE quotations ranged from 8,100 to 8,500 yuan, an increase of 175 yuan from the previous period
LLDPE rose slightly
(China Plastic Price Index Research Center)
