Recycled PE/PP Morning Briefing: Market Expected to Continue Fluctuating in Small Range

I. Points of Concern

1、 The situation between the US and Iran has shown signs of temporary de-escalation, weakening potential supply risks. Coupled with the recent strengthening of the US dollar, international oil prices have fallen.

2、 PolyethylenePolyethylene market price adjustment of 50-140 yuan/ton. Linear transaction price 6770-7300 Yuan/ton It is understood that, Easing geopolitical tensions and reduced cost support, coupled with weak procurement from downstream factories, have shifted market sentiment to bearish. Sellers are actively offering price concessions to boost sales, but transaction volumes remain weak. ， Hua North LL market price decreased by 50 yuan/ton, East China Down by 50 yuan/ton ， South China Down 50 yuan/ton It is expected that the polyethylene market will offer price concessions this afternoon. 。

3. Polypropylene ： Futures opened high but fluctuated downwards, with most market quotes falling by 30-50 yuan/ton in the morning. Downstream order follow-up has slowed, raw material replenishment intentions are weak, and high-priced transactions are hindered. Year-end capital repatriation is becoming more apparent, and the market's valuation of future demand is weak. Considering the comprehensive supply and demand and cost analysis. Market consumption is expected to increase in the near term, gradually returning to rational prices. As of midday, mainstream prices for East China drawing-grade wire were in the range of RMB 6600-6780 per ton.

II. Price

III. Translate the above content into English. Output only the translated text, without any explanations. Market Outlook

The recycled plastic market consolidates within a range, with manufacturers actively supplying downstream orders to meet customer demand. However, the market struggles to find sustained positive support. Approaching the Chinese New Year holiday, downstream plastic product companies are gradually reducing their operations, leading to weak demand for raw material purchases. Although virgin material prices have rebounded and increased, widening the price gap between virgin and recycled materials to around 1000 yuan/ton, the demand for recycled materials is gradually decreasing. As a result, recycling companies continue to primarily fulfill existing customer orders, and market prices remain largely unchanged. It is expected that the market will continue to fluctuate within a narrow range.