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Home > News > Analysis of the plastic market: the crude oil fell and the market continued to decline

Analysis of the plastic market: the crude oil fell and the market continued to decline

2022-08-22

PP powder: the market price of PP powder fell this week. In terms of international oil prices, affected by the weak outlook for fuel demand, the risk assets under pressure from the prospect of the Federal Reserve's aggressive interest rate increase, and the market's concern that the economic recession will dampen the oil market demand, the international oil prices fluctuated and fell this week.



Pet: the PET bottle chip market fluctuated slightly this week, the polyester double raw materials rebounded slightly, and the cost side support was acceptable. Among them, the PTA price was 5835 yuan / ton, down 255 yuan / ton from 6090 yuan / ton at the end of last week, and the ethylene glycol price was 4015 yuan / ton, down 375 yuan / ton from 4390 yuan / ton at the end of last week.

PE: the domestic PE market is weak this week. The crude oil price showed an obvious downward trend. After the opening of the futures market, it fell sharply, while the petrochemical price fell more and less. From the market price, as of the end of this week, compared with the end of last week, LLDPE fell by 150-250 yuan / ton,

PP grain: this week's PP market is weak. In terms of international oil price, affected by the weak prospect of fuel demand, the risk assets under the pressure of the prospect of aggressive interest rate increase by the Federal Reserve, and the market's fear that the economic recession will hurt the oil market demand, the international oil price fluctuated and fell this week, and the increase in oil price since the war between Russia and Ukraine was completely wiped out. The futures market is weak, the ex factory price of petrochemicals is partially lowered, the offers of traders are weak, the market wait-and-see mood remains, the downstream just needs to dominate, and the transaction is flat.

PP Products: Stretch Sheet Shoe Cover Isolation Gown Coverall Suit Crib Bed Cover Patient Gown Baby Gown Cryo Box Spreader


Abs: this week, the domestic ABS and domestic ABS market prices rose and fell. At the beginning of this week, the market atmosphere was weak and the offer was slightly adjusted. Zhangjiagang styrene continued to adjust downward, the high temperature in the South was concentrated, and some downstream enterprises such as home appliances were still in the traditional off-season. The space for ABS manufacturers to reduce the negative pressure is narrowed. With the increase of the arrival volume in the regional market, the speed of the manufacturers to go to the warehouse may slow down or even have the risk of accumulating the warehouse again. The supply of individual brands is tight, and the merchants are cautious and bullish. However, the pilot production of new devices has brought about the factor of short supply, resulting in the overall performance of downstream demand is still poor.

ABS Products: Forceps&Tweezers Amniotic Hook Umbilical Cord Clamp Vaginal Speculum Amniotic Fluid Forceps Ear Speculum


EPS: the domestic EPS price fluctuated and weakened this week. As of August 5, 2022, the price of ordinary materials in EPS Jiangsu market was 10250 yuan / ton, which was 650 yuan / ton lower than the price of 10900 yuan / ton at the end of last week, with a decrease of - 5.96%.

PS: the domestic PS market fell slightly this week. As of August 5, 2022, the market price of PS CITIC Guoan 525 was referenced at 10900 yuan / ton, an increase of 200 yuan / ton compared with 10700 yuan / ton at the end of last week, or about + 1.87%. In terms of cost, the domestic styrene market fell all the way this week. From the performance of oil price, the price of crude oil energy continued to fall. The market was worried that Saudi Arabia might increase production significantly, and the oil price was under pressure.

PS Products: Cyto Brush Pap Smear Kit Endometrial Suction Curette Pasteur Pipettes Transport Swab


PVC: this week, the PVC market price showed a high-level drop situation. At the beginning of the week, the futures market rose at 6700, and the market rose to 6900. After the crude oil price fell, the PVC market continued to decline, and the lowest price fell to 6500. The closing price on Friday was 6584 yuan / ton. On the demand side, as China is in the low demand season and the new orders of PVC products manufacturers are flat, although the country has introduced good news in the terminal real estate and infrastructure, there is still no obvious improvement in the short term. In the short term, the demand side still maintains a weak operation. As the golden nine silver ten is coming, the demand in the medium and long term may gradually recover at the end of the month. In the short term, the terminal manufacturers still maintain the normal of small order procurement in the just demand; Internationally, although the domestic price continues to be low, the foreign PVC price is also low. The domestic and foreign prices play a game, the export profit is poor, the foreign trade order inquiry is cold, the export volume may remain low, and the export will continue to be weak. In a comprehensive view, although the overall operation of PVC is weak, the raw material calcium carbide is strong. Under the strong cost support, it is expected that the PVC market will be weak in the short term, and the downward space is limited.

PVC prodcut: Pillow Cover Body Bag Hair Wash Basin Patient Bath Bed


In the middle of this week, the overall decline of the plastic market was obvious, the downward trend of crude oil was broken, and the downstream demand was still lacking. In the future, the current plastic market is still in the game stage of supply and demand stalemate, but the short-term situation of high upstream and downstream inventories and meagre industrial profits has not been improved. In fact, the market supply and demand fundamentals are still tight. On the whole, the plastic market is still facing a situation of weak reality and strong expectation,

It is expected that the short-term plastic market shock will be weak, and some products are still cautiously bullish.

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