Analysis and summary of domestic plastic market on

On December 3, the analysis and summary of the domestic plastic market

coincided with the excellent opportunity for Aluminum Corporation of China to open its internal market. Core tip: although some petrochemical companies raised the new price at the beginning of the month, the market momentum was insufficient, and most businesses shipped with the market. With the gradual weakening of downstream demand, it is difficult for some buyers to have optimistic expectations for the market. The news is messy, and the short-term market may be weak and narrow

[futures market]

US crude oil (7:50): 40.16 up 0.22

● international oil prices closed sharply on the 3rd

US crude oil production and imports increased. Although refineries significantly increased operating rates after seasonal maintenance, US crude oil inventories still increased for the tenth consecutive week. In addition, the strong US dollar exchange rate also suppressed the atmosphere of the US dollar denominated oil market, and international oil prices closed sharply on the 3rd, Crude oil futures in New York closed down $1.91 to $39.94/barrel, while Brent crude oil futures closed down $1.95 to $42.49/barrel

[today's news]

● the Liwa plastic project in Oman's oil refining and petroleum industry will start.

the Oman Oil Refining and petroleum industry company (orpic) announced on November 25 that it had completed all negotiations with the preferred contractor on the Liwa plastic project in Oman. The selected contractor will be responsible for the design, procurement and construction (EPC) of the project with an investment of 4.5 billion US dollars, which is scheduled to be completed in 2019

● Guangxi random inspection of plastic packaging products has unqualified phenomenon

on November 25, Guangxi Bureau of quality supervision reported the quality of food related products in 2015. For example, the friction inside aerospace machinery is a high load work under the extreme temperature of vacuum state. The results of supervision and random inspection: seven batches of plastic packaging products produced by six enterprises in Guangxi do not meet the relevant standards, and graphene products are also difficult to meet the requirements of elegance, Plastic woven bags and transparent bowls for food produced by two Nanning enterprises were unqualified. In this random inspection of quality supervision, the quality supervision department conducted a random inspection of 157 batches of products produced by 110 enterprises in Nanning, Beihai, Yulin, Fangchenggang, Guilin, Qinzhou, Hechi and other cities, involving plastic bottles, paper cups, detergent, plastic woven bags, lunch boxes, etc. The sampling results showed that 7 batches of products produced by 6 enterprises including Guangxi Shengfa Plastic Industry Co., Ltd. were unqualified. The unqualified items are mainly dart impact test, vertical load pressure, evaporation residue, sensory indicators, etc

[Petrochemical trends]

● PE Petrochemical trends: Shenhua Baotou full density device currently produces 8007, and it is planned to switch to 7042 on the 2nd

● PP Petrochemical trends: Shaoxing Sanyuan PP old plant (with a capacity of 200000 tons/year) is converted to y26sy; The new unit Shaoxing Sanjin (300000 tons/year) produces T30S

● PVC Petrochemical trends: Haohua Aerospace's PVC quotation has been reduced, with 4710 yuan/ton acceptance for type 5, 4840 yuan/ton acceptance for type 3, 5100 yuan/ton acceptance for type 8. The provincial quotation for type 5 and type 8 is slightly higher than 50 yuan/ton, and the spot exchange price is lower than 100 yuan/ton

● PS Petrochemical trends: Jiangsu Lu'an Qingfeng PS factory offers to maintain stability, benzene penetration lv-t6 offers 8300 yuan/ton, 525 offers 8300 yuan/ton, and the actual order discount is 400 yuan/ton. The manufacturer's inventory is not high, and the shipment is normal

● ABS Petrochemical trends: the load of Tianjin Dagu ABS unit is 80%. Today, the ex factory price is stable, and dg417 is reported at 9200 yuan/ton. It is a firm offer for negotiation

● pet Petrochemical trends: the price of Yizheng Chemical fiber polyester bottles and chips is flat, the short delivery of water bottle materials and hot filling materials is 6450 yuan/ton, the high delivery of oil bottle materials and carbonic acid materials is 100 yuan/ton, and there is room for real single deposit and profit transfer, with some inventory

[early evaluation and prediction of plastics]

● early evaluation of PE: yesterday, the market price rose slightly, the linear futures opened higher, and some companies of PetroChina and petrochemical transferred out the factory price. The trading atmosphere on the floor improved, but the inquiry situation did not improve significantly. The goods holders followed the rise and shipped, and the terminal demand continued to be weak. The manufacturers just needed to pick up the goods, and the transaction focused on negotiation. Reference to the market conditions around the world: the market price in Beijing rose, and Jihua 7042 reported 8600 yuan/ton, Nanjing market prices rose slightly, Yangzi 1802 reported 9000 yuan/ton, Chongqing market increased slightly, LAN 2426h reported 10200 yuan/ton

today's forecast: it is expected that the market will be stable and strong today

● PP early review: yesterday, the market price was still rising slightly. Polypropylene futures opened higher and some companies of PetroChina transferred out the factory price. The mentality of the operators was still good. Traders mostly waited and waited on the real offer, and their enthusiasm for shipping was not high. Downstream factories resisted high price goods, and mostly chose low price sources for transactions. Reference to the market conditions in various places: the offer in Tianjin market rose, Nanjing coal 1102k was quoted at 6500 yuan/ton, Changzhou market was quoted and sorted, and Yu Neng chemical T30S was quoted at 6600 yuan/ton, The market price in Xi'an increased, and Yanlian T30S was reported at 6480 yuan/ton

today's forecast: it is expected that the increase in the market today will narrow

● PVC morning review: the market price was weak yesterday. In the case of continued weak terminal demand, businesses lack confidence in the future market and offer more flexibly. The downstream manufacturers have a strong wait-and-see atmosphere, and the intention of receiving goods is not high, and the actual transaction negotiation is the main thing. Market reference: the market in Xiamen is stable, and the quotation of ethylene material is about yuan/ton; Shantou has a stable market, with salt lake of 4800 yuan/ton; Shandong market fell, with elion tax-free 4550 yuan/ton

today's forecast: it is expected that today's market will be dominated by weak adjustment

● 4. PS early review before the increase of the test piece: the market situation changed little yesterday, and some prices fell. Traders are cautious about risks, pay close attention to transactions, and are not willing to operate. It is difficult to mobilize the purchasing enthusiasm of downstream factories. They are hesitant to receive goods, and there is full resistance to deal improvement. Quotation reference: the quotation in Dongguan market fell sharply, and Guangzhou 525 fell 10 yuan to 8120 yuan/ton; Linyi market quotation is mainly stable, Leiden 525 is quoted at about 7650 yuan/ton; The quotation in Beijing market is temporarily stable, and Panjin 825 is reported at 8150 yuan/ton

today's forecast: it is expected that some markets will continue to decline slightly today

● ABS morning review: yesterday's market was basically stable, and some quotations fell steadily. Traders are cautious, and most of them pay close attention to the transaction in the uncertain future. The enthusiasm of downstream factories to enter the market is limited, the purchasing strength is weak, and the demand is difficult to show a large-scale trend. Quotation reference: Shantou market quotation fell steadily, D190 fell 100 yuan to 8600 yuan/ton; Shunde's market quotation is temporarily stable, and Ning 15a1 is quoted at 9000 yuan/ton; The quotation in Ningbo market was stable and weak, and 121h was quoted at 9300 yuan/ton

today's forecast: it is expected that today's market offer will be dominated by consolidation

● PET bottle chip early review: yesterday, the market price was stagnant and stable, most enterprises kept the factory price stable, the supporting role of supply cost remained, the demand of downstream factories was still low, the solid purchase was light, and the transaction focus was low. Market reference: water bottle materials in East China were reported as yuan/ton for self delivery, negotiated as yuan/ton, reported as yuan/ton in South China for short delivery, negotiated as yuan/ton

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