PP - Limited volatility
Market analysis
Today's PP market prices fluctuate in a range, and traders are mostly wait-and-see. There is no significant change in downstream orders compared with the previous period, and it is difficult to improve demand in the short term.
Forecast for the future
At the beginning of the week, it was difficult to find a good boost, crude oil prices fluctuated and fell, the cost side support weakened, the overall downstream procurement efforts were average, the demand was stable but the volume was not as expected, the cautious sentiment in the field was still strong, and the fluctuations in merchant quotations were limited. In the early stage, some maintenance devices have been restarted one after another, the supply of goods in the field is sufficient, the supply side support has weakened, and the short-term PP market may remain volatile.
PE - local pullback
Forecast for the future
The performance of crude oil is not strong, which suppresses the mentality in the field. The procurement situation of downstream factories has not improved significantly, and the actual demand continues to remain weak. Traders' confidence has eroded, and expectations for July are generally not high. It is expected that the market may still face adjustment pressure in the near term.
PVC - Narrow range oscillation
Upstream dynamics
On the 19th, the Asian ethylene market remained stable, and due to low prices, most of the negotiations maintained the floating price benchmark, and no offers were heard. Korea Lotte Chemical's Daesan pyrolysis plant was shut down due to power on the 18th and is scheduled to restart on the 20th. Unplanned parking in Japan and South Korea during the week had a limited impact on the market. Due to the sluggish profit of olefin products, Formosa Plastics plans to shut down its Mailiao 2# cracking unit in August, while 3# cracking will start 80%-100% according to downstream demand, and 1# cracking is currently under maintenance, and there is no clear restart plan for the time being. Sources said that unless downstream demand improves, the 1# and 2# cracking furnaces may continue to remain in a shutdown state. CFR Northeast Asia is at $854-862/mt, and CFR Southeast Asia is at $922-$930/mt.
Forecast for the future
As of last Friday, the mainstream ex-factory price of calcium carbide market in Wuhai region was reported at 2650 yuan / ton, the high ex-factory price fell at a high level over the weekend, and the downstream maintenance of Hebei region has been restored, and the demand has increased, but the northwest region has exported calcium carbide, the overall supply has increased, and the market mentality is not good, and the calcium carbide market is expected to be lowered today. Last Friday, PVC futures opened high and went low, the spot market price was weakly adjusted, the merchant shipment price was chaotic, and the transaction was maintained and negotiated. Most of the prices of PVC production enterprises are stable, individual and temporarily maintain the state of sealing, the downstream demand is weak, and the product manufacturers do not change, and they still mainly need to receive goods. In the short term, it is expected that the PVC market will remain volatile today.
ABS - Partial finishing
Market analysis
Over the weekend, individual petrochemical manufacturers lowered or had an impact on the market mentality, but fortunately, individual manufacturers have extended maintenance actions, and the overall supply situation has not weakened significantly. The cost of holding goods by merchants is still supported, and the supply of some materials is tight, so the industry may maintain cautious operation.
PA6 - Consolidation dominant
Forecast for the future
The raw material caprolactam was consolidated in a narrow range, the cost side support was limited, the downstream and traders entered the market to replenish the market to drive the market trading atmosphere, and some aggregation manufacturers appeared pre-sale, and the market transaction was slightly better. In the short term, the PA6 market will still be dominated by a narrow range.
PA66 - Weak decline
Forecast for the future
There is a lack of support on the cost side, and the price of adipic acid remains stable. At present, the capacity utilization rate of manufacturers is not high, and the end market demand is average, and the downstream basically maintains rigid demand, and the trading does not change. In the short term, the PA66 market is still dominated by weak consolidation.
PC - Stalemate finishing
Forecast for the future
Last week, the trend of raw material bisphenol A was acceptable, and Wanhua Chemical's PC devices were stopped across the board, but the raw material side and the supply side did not form a limited boost to the market. In the short term, it is expected that the PC market will continue to move forward today.
POM - Range Swing
Forecast for the future
At present, the total inventory of POM manufacturers is low, and the cost price support is strong. However, the demand of terminal enterprises has not improved significantly, the intention to enter the market is still light, the traders' mentality is not good, and the short-term shipment will be carried out on the market, and the mainstream offer will not fluctuate much. It is expected that the POM market will continue to operate in a narrow range today.