(April 22-29) The market was in a trend of significant wide fluctuations. At the beginning of the year, it was constrained by high profit-taking pressure and short market conditions. The index briefly touched more than 40 points to around 1050 points, but soon pulled up in oil prices. Under the impetus of promotion, the fundamentals of the upper reaches remained firm, and the trend of the market was low and the rebound was rapid. On the whole, weak demand is still the main direction that restricts the market. In the near term, due to the central bank’s expectation of reducing QE, it will boost commodity prices, and it is expected to have a positive effect on the raw material plastic raw material market. As of the end of the period, the China Plastics Price Index of the Plastics Exchange reported 986.19 points, a sharp drop of 102.46 points from the beginning of the period.
The PVC market fluctuates violently. Due to the unstable supply of the market, the market is dominated by interval fluctuations. At the close, in April, the calcium carbide process South China closed at 5040 yuan (ton price, the same below), East China closed at 5810 yuan; in May, the calcium carbide process Huanan closed at 5,490 yuan, and East China closed at 5,800. The ethylene method closed at 6,350 yuan, up 50 yuan, and the PVC building template closed at 9,970 yuan. Fundamental market changes in various materials is not, some sources of goods slightly up, the overall stability and wait-and-see. It is expected that with the factory overhaul, PVC prices will regain their upward momentum.
LLDPE prices rose slightly in the current period. The continuous rebound of international oil prices has boosted the market, and the petrochemical companies' prices have been raised continuously. The market's bullish atmosphere has obviously warmed up. On the side of the board, bulls are taking advantage of the upside. However, subject to the lack of demand, the market's upward range narrowed, and the pressure at 11,000 yuan was strong. By the end of the period, the price of LLDPE South China May varieties closed at 10,710 yuan, up by 94 yuan from the beginning of the period. From a fundamental point of view, the ex-factory price of petrochemical enterprises has been continuously raised, which has significantly increased the cost support. At the end of the month, the merchants have only a small amount of their own goods, and they mainly report shipments. In the short term, the market is likely to remain at a high level of consolidation.
The high price of PP in the current period fell. Despite the rebound in crude oil, petrochemical enterprises are very supportive, but the weak performance of demand has caused the market to recover from weakness and the short-term forces have not diminished. On the side of the stock market, the market faced strong resistance at the yuan mark and fell back to a consolidation near 9500. As of the end of the period, the price of PPT30S in South China in April was closed at 9,400 yuan, down 380 yuan from the beginning of the period. Fundamentally, at the end of the month, petrochemical companies raised their ex-factory prices and their price intentions were clear. Businesses took the opportunity to report higher prices, but downstream factories resisted high-priced sources, and firm trading was relatively light. It is expected that the market may face a 10,000-yuan mark after consolidation.
ABS fell into a narrow range after the current market rose. Faced with the high price of ABS, the buyer's mentality contradicted, and there were few actual orders and transactions. As of the end of the period, ABS 0215A closed at 13,000 yuan, up 100 yuan from the previous period. From a fundamental point of view, downstream companies have started to enter the off-season production, and purchases have come in on demand, and market demand has decreased. In addition, the prices of styrene and other monomers have weakened and the cost has been weak. On the whole, the market lacks good support and will revert to highs in the short term.
The PVC market fluctuates violently. Due to the unstable supply of the market, the market is dominated by interval fluctuations. At the close, in April, the calcium carbide process South China closed at 5040 yuan (ton price, the same below), East China closed at 5810 yuan; in May, the calcium carbide process Huanan closed at 5,490 yuan, and East China closed at 5,800. The ethylene method closed at 6,350 yuan, up 50 yuan, and the PVC building template closed at 9,970 yuan. Fundamental market changes in various materials is not, some sources of goods slightly up, the overall stability and wait-and-see. It is expected that with the factory overhaul, PVC prices will regain their upward momentum.
LLDPE prices rose slightly in the current period. The continuous rebound of international oil prices has boosted the market, and the petrochemical companies' prices have been raised continuously. The market's bullish atmosphere has obviously warmed up. On the side of the board, bulls are taking advantage of the upside. However, subject to the lack of demand, the market's upward range narrowed, and the pressure at 11,000 yuan was strong. By the end of the period, the price of LLDPE South China May varieties closed at 10,710 yuan, up by 94 yuan from the beginning of the period. From a fundamental point of view, the ex-factory price of petrochemical enterprises has been continuously raised, which has significantly increased the cost support. At the end of the month, the merchants have only a small amount of their own goods, and they mainly report shipments. In the short term, the market is likely to remain at a high level of consolidation.
The high price of PP in the current period fell. Despite the rebound in crude oil, petrochemical enterprises are very supportive, but the weak performance of demand has caused the market to recover from weakness and the short-term forces have not diminished. On the side of the stock market, the market faced strong resistance at the yuan mark and fell back to a consolidation near 9500. As of the end of the period, the price of PPT30S in South China in April was closed at 9,400 yuan, down 380 yuan from the beginning of the period. Fundamentally, at the end of the month, petrochemical companies raised their ex-factory prices and their price intentions were clear. Businesses took the opportunity to report higher prices, but downstream factories resisted high-priced sources, and firm trading was relatively light. It is expected that the market may face a 10,000-yuan mark after consolidation.
ABS fell into a narrow range after the current market rose. Faced with the high price of ABS, the buyer's mentality contradicted, and there were few actual orders and transactions. As of the end of the period, ABS 0215A closed at 13,000 yuan, up 100 yuan from the previous period. From a fundamental point of view, downstream companies have started to enter the off-season production, and purchases have come in on demand, and market demand has decreased. In addition, the prices of styrene and other monomers have weakened and the cost has been weak. On the whole, the market lacks good support and will revert to highs in the short term.
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