PP - a small concession
Market analysis
Today's PP market price is weak and volatile, and merchants make small profits to ship. The terminal procurement efforts are weak, and the overall transaction is limited.
Forecast for the future
After returning from the weekend, the decline in crude oil suppressed the mentality, and PP futures ran downward for several days, the cost side support was loosened, and the spot market was not strong enough to improve. The demand side has always performed poorly, suppressing the trading atmosphere in the market, and it is expected that the PP market will be weak today.
PE-偏弱震荡
Forecast for the future
Downstream demand in the off-season, resisting high prices, the market is suppressed. However, the cost side has support for the market, some devices are overhauled, the overall supply of resources is not much, and the market is supported downward.
PVC - Weak oscillation
Upstream dynamics
On the 5th, ethylene prices in Asia were stable. Asia's ethylene market has been a mixed bag this week. FOB South Korea prices fell by $5/mt this week, while CFR Northeast Asia prices rose by $2/mt and CFR Southeast Asia prices held steady. Due to the low start of cracker starts, the spot price of ethylene has decreased, and price negotiation is limited. It is reported that due to the negative profit margin, the start of cracking in South Korea in July may be slightly lower than in June. CFR Northeast Asia is at $854-862/mt, and CFR Southeast Asia is at $927-$935/mt.
Forecast for the future
As of last Friday, the mainstream price of trade in Wuhai area of the calcium carbide market was reported at 2480-2500 yuan / ton, the weekend market was running steadily, although the downward cost support of blue carbon weakened, but with the downward trend of calcium carbide prices, the losses of production enterprises increased one after another to reduce the burden or stop production, the start of the regional obvious, the inventory of each is different, some enterprises have a tight inventory situation, it is expected that the calcium carbide market has a regional increase today. Last Friday, PVC futures continued to fall, the spot market price was weakly adjusted, the merchant shipped poorly, and the actual order maintained negotiations. Most of the prices of PVC production enterprises are stable, some enterprises have lowered their quotations, the downstream is in the off-season of demand, and the product manufacturers are starting at a low level, and the goods are maintained in demand. In the short term, the PVC market will remain weak.
ABS - local fluctuations
Market analysis
Recently, there is support on the cost side, and the news of the reduction and suspension of production of domestic ABS devices continues to ferment, and some businesses have entered the market to replenish their positions, and the inventory of manufacturers has been removed. The ABS market in Yuyao Plastic City was generally stable, with local narrow ranges rising and falling. The performance of downstream demand is difficult to break through, and the overall trading of the market still needs to be improved.
PA6 - Individually down-regulated
Forecast for the future
The cost side support is insufficient, and the price of caprolactam continues to decline. Aggregation manufacturers have lowered some ex-factory quotations under the influence of cost, while downstream demand just needs to enter the market and be cautious about slice procurement, and market transactions maintain small orders. In the short term, the PA6 market will remain weak.
PA66 - Consolidation operation
Forecast for the future
Cost support is limited, and the price of adipic acid remains stable. At present, PA66 manufacturers mostly maintain low-load operation, and downstream demand is sluggish, coupled with the lack of good boost in the market, the overall trading atmosphere of the market is light. In the short term, the PA66 market will remain dominated by consolidation.
PC - Weak finishing
Forecast for the future
The raw material bisphenol A fluctuated and weakened, and the cost side had limited support for PC. At present, the supply of the domestic PC market tends to decline, Zhejiang Petrochemical and Hainan Huasheng are running under load, Wanhua Chemical is approaching the maintenance period, and PC manufacturers may maintain a high price operation next week, but the current market as a whole is limited, the inventory level is gradually rising, and the downstream demand is insufficient, the mentality of the participants is general, and the PC market is expected to maintain the finishing forward in the short term.
POM - Weak Bearish
Forecast for the future
This week, the supply side is expected to shrink, but the spot circulation around the country is slow, and some manufacturers have inventory accumulation, so the support is relatively limited. It is expected that the POM market will remain weak today.