[Recycled PE/PP Weekly Outlook] Overall Market Remains in Weak Consolidation

I. Focus Areas

1、 On June 19, Israel once again attacked the Lebanese region, and the follow-up talks originally scheduled between the U.S. and Iran in Switzerland were postponed. Market concerns over instability led to an increase in international oil prices.

2、 Polyethylene:Polyethylene market prices are falling. Linear transaction price: 7,610–8,200 yuan/ ton It is understood that ， The macroeconomic environment remains loose, making it difficult to see positive boosts. As the weekend approaches, there is certain selling pressure in the market, with active discounts for selling. Meanwhile, downstream factories are mostly cautious and observing, resulting in sporadic transactions. 。 Hua NorthLL market prices fell by 140-200 yuan. /ton ， East ChinaDrop 170-200 yuan /ton South ChinaDrop 150-220 yuan /ton It is expected that polyethylene market prices will mainly decline this afternoon. 。

3. Polypropylene ： PP futures opened lower and weakened, prompting traders to actively reduce prices to facilitate sales, which led to a significant drop in the spot market. Crude Oil With cost support no longer in place and petrochemical plants enjoying ample profit margins, enterprises are selling through competitive bidding. After the rapid price correction, low-price fixed-price orders increased to some extent, and end-user purchasing enthusiasm recovered slightly. As of midday, mainstream raffia prices in East China were at RMB 9,000-9,200/ton.

2. Price Form

Unit: yuan/ton

3. Market Outlook

Trading sentiment across the recycled plastics industry remains subdued, while prices of virgin materials fluctuate within a narrow range. Downstream processors are receiving few new orders, operating rates on production lines continue to decline, and willingness to purchase raw materials is weak, resulting in extremely slow follow-up on new orders for recycled materials. Warmer temperatures have slightly pushed up feedstock prices, but finished-goods inventories are piling up seriously at manufacturers, prompting companies to moderately cut production on their own initiative. At present, the market lacks any substantive positive support, and the overall market remains in a weak and range-bound consolidation pattern.