[Spot Observation] The general situation of the domestic plastic raw materials market today is as follows: As of 15 March on March 26, China's plastics price index rose 2.68 points to 966.71 points, and China Plastics's spot index rose 0.22 points to 1149.85 points.
Reuters has reported that the average daily Iranian crude oil exports in March may be reduced by 300,000 barrels. When the report came out, the international oil price rose immediately. Friday (March 23) New York Mercantile Exchange West Texas Light Oil May 2012 ** Settlement price US$106.87 per barrel, up US$1.52 over the previous trading day; London Intercontinental Exchange Brent crude 2012 May ** settled at US$125.13 per barrel, up US$1.99 from the previous trading day.
First, the market price of PE PE market sideways. PetroChina East China Linear and Sinopec North China High-Pressure pricing and sales are generally reflected in the market. The local market remained stable, high-low-voltage linear quotes held steady with the last weekend, terminal demand was still insufficient, merchants cautiously shipped around, and some high-end quotes transaction resistance highlighted. The spot market continued to hang upside down. Near the end of the month, the price strategy of petrochemicals is still the focus of buyers and sellers. At present, the price of LLDPE in North China is between 10,500 and 10,700 yuan per ton. The price of LLDPE in East China is between 10450 and 10,700 yuan per ton. The price of South China LLDPE is between 10,450 and 10,600 yuan per ton.
In the afternoon session, the LLDPE market in the plastic spot market was relatively stable, and the listing situation increased slightly in the early days. The attitude of traders remains steady and the market sentiment is flat. In terms of quotations, stability is mainly controlled, and part of it is lowered. The trend of HDPE market is mainly stable, with some slight adjustments, and the listing situation has not changed much earlier. The attitude of traders is relatively stable, and the market generally adopts a wait-and-see attitude. Quotations were stable and slightly adjusted.
Second, the PP market PP market is dominated by large stable and small movements. At the beginning of the week, the merchants rushed to the market according to their own supply conditions and watched the downstream demand response. Near the end of the month, petrochemicals have performed more pricing and sales, and their business mentality has also been relatively stable. The downstream receiving situation is still weak, and the high price is in conflict with the strong, and the terminal transaction stays at the inquiry level.
During the midday trading today, the spot price of PP in the spot plastic shopping mall remained stable and narrowly fluctuating. The overall listing status changed little. The mentality of traders is unstable, and the market outlook is mixed. Quotations were stable and slightly ups and downs.
Third, PVC market PVC market overall stability. Lack of clear news guidance, market participants are cautious about operations, and the downstream still purchases on demand. Market traders have greater sales resistance. With cost support, there is no willingness to lower prices. Shipments are often followed by market talks, and transactions are stalemate.
At midday today, the performance of PVC spot market in the plastic spot mall was basically stable, the listing status was stable, and the traders’ mentality was more moderate, and the quotation was steady and small.
Fourth, the ABS market ABS market wait-and-see atmosphere is strong, the middle business mentality is poor, although butadiene has rebounded sharply in the near future, but unfortunately the downstream buying is still cautious, procurement enthusiasm is unreliable. China Petroleum's South China and North China export prices were reduced by RMB 200/ton respectively, and Jiangsu and Zhejiang manufacturers have not yet announced new offers.
In the midday of today's trading session, the ABS market in the plastic spot market oscillated downward and steadily, and the trend was slightly weaker. The listing situation did not change much in the morning and the number of listings was basically stable. The attitude of traders was slightly loosened and market confidence was slightly insufficient. Quotations were stable and slightly adjusted, mostly downgraded.
Fifth, the PS market players in the PS market are waiting to see a strong mood, initiative trading intentions light, plus last Friday, the international oil price gains, some business mentality and then waves. Today's overall market offers a narrow range of consolidation trends, individual sources of slightly lower prices appear, businesses wait for more than petrochemical offer guidelines, real single transaction is limited. Downstream terminal users, with the use of mining, according to a single purchase.
Reuters has reported that the average daily Iranian crude oil exports in March may be reduced by 300,000 barrels. When the report came out, the international oil price rose immediately. Friday (March 23) New York Mercantile Exchange West Texas Light Oil May 2012 ** Settlement price US$106.87 per barrel, up US$1.52 over the previous trading day; London Intercontinental Exchange Brent crude 2012 May ** settled at US$125.13 per barrel, up US$1.99 from the previous trading day.
First, the market price of PE PE market sideways. PetroChina East China Linear and Sinopec North China High-Pressure pricing and sales are generally reflected in the market. The local market remained stable, high-low-voltage linear quotes held steady with the last weekend, terminal demand was still insufficient, merchants cautiously shipped around, and some high-end quotes transaction resistance highlighted. The spot market continued to hang upside down. Near the end of the month, the price strategy of petrochemicals is still the focus of buyers and sellers. At present, the price of LLDPE in North China is between 10,500 and 10,700 yuan per ton. The price of LLDPE in East China is between 10450 and 10,700 yuan per ton. The price of South China LLDPE is between 10,450 and 10,600 yuan per ton.
In the afternoon session, the LLDPE market in the plastic spot market was relatively stable, and the listing situation increased slightly in the early days. The attitude of traders remains steady and the market sentiment is flat. In terms of quotations, stability is mainly controlled, and part of it is lowered. The trend of HDPE market is mainly stable, with some slight adjustments, and the listing situation has not changed much earlier. The attitude of traders is relatively stable, and the market generally adopts a wait-and-see attitude. Quotations were stable and slightly adjusted.
Second, the PP market PP market is dominated by large stable and small movements. At the beginning of the week, the merchants rushed to the market according to their own supply conditions and watched the downstream demand response. Near the end of the month, petrochemicals have performed more pricing and sales, and their business mentality has also been relatively stable. The downstream receiving situation is still weak, and the high price is in conflict with the strong, and the terminal transaction stays at the inquiry level.
During the midday trading today, the spot price of PP in the spot plastic shopping mall remained stable and narrowly fluctuating. The overall listing status changed little. The mentality of traders is unstable, and the market outlook is mixed. Quotations were stable and slightly ups and downs.
Third, PVC market PVC market overall stability. Lack of clear news guidance, market participants are cautious about operations, and the downstream still purchases on demand. Market traders have greater sales resistance. With cost support, there is no willingness to lower prices. Shipments are often followed by market talks, and transactions are stalemate.
At midday today, the performance of PVC spot market in the plastic spot mall was basically stable, the listing status was stable, and the traders’ mentality was more moderate, and the quotation was steady and small.
Fourth, the ABS market ABS market wait-and-see atmosphere is strong, the middle business mentality is poor, although butadiene has rebounded sharply in the near future, but unfortunately the downstream buying is still cautious, procurement enthusiasm is unreliable. China Petroleum's South China and North China export prices were reduced by RMB 200/ton respectively, and Jiangsu and Zhejiang manufacturers have not yet announced new offers.
In the midday of today's trading session, the ABS market in the plastic spot market oscillated downward and steadily, and the trend was slightly weaker. The listing situation did not change much in the morning and the number of listings was basically stable. The attitude of traders was slightly loosened and market confidence was slightly insufficient. Quotations were stable and slightly adjusted, mostly downgraded.
Fifth, the PS market players in the PS market are waiting to see a strong mood, initiative trading intentions light, plus last Friday, the international oil price gains, some business mentality and then waves. Today's overall market offers a narrow range of consolidation trends, individual sources of slightly lower prices appear, businesses wait for more than petrochemical offer guidelines, real single transaction is limited. Downstream terminal users, with the use of mining, according to a single purchase.
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