[Narrow Decline in Today's Plastics Market] PP and PE Fall Across the Board, PVC Drops for Six Consecutive Days, PS Down by Up to 90

Summary: General and engineering plastic market prices and forecasts as of August 20.General materialIn terms of aspects, PP and PE are all in the red, dropping 5-42; ABS and PVC continue to decline, with a drop of 6-30; PS has slightly reduced prices to sell, dropping 20-90; EVA is weakly consolidating at a low level.Engineering materialsIn terms of market trends, PET experienced weak fluctuations, with slight increases or decreases of 10-20; the PC, POM, PBT, PMMA, and PA markets remained weak and stagnant.

General Material

PE: Orders remain driven by rigid demand, with prices mainly experiencing slight declines.

1. Today's Summary

①、 The Russia-Ukraine peace talks continue to release positive signals. Geopolitical tensions are expected to ease further, leading to a decline in international oil prices. NYMEX Crude oil futures The September contract fell by $1.07 per barrel to $62.35, a month-on-month decline of 1.69%; the ICE Brent crude futures October contract fell by $0.81 per barrel to $65.79, a month-on-month decline of 1.22%.

② The price fluctuation range for the HDPE market is -9 to 5 yuan/ton, the LDPE market price is 0 yuan/ton, and the LLDPE market price is -7 yuan/ton.

2. Spot Market Overview

The cost support weakened, leading to weak transactions in the morning. However, the macroeconomic factors had some impact, resulting in increased inquiries in the afternoon. Companies held firm on prices, with low-price transactions being predominant. The price fluctuation range for the HDPE market is -19 to -6 yuan/ton, the LDPE market price is -21 yuan/ton, and the LLDPE market price is -15 yuan/ton.

3. Price Forecast

In the short term, Supply-side pressure remains, leading to cautious price increases; demand continues to follow up slowly, but recent government policies have been continuously released to boost demand, strengthening traders' confidence in the market outlook and prompting them to actively place orders. Expected Polyethylene prices are expected to rise slightly tomorrow. 。

PP: Demand Recovery Remains Slow, Polypropylene Market Continues Weak Trend

1 Today's Summary

①、 Sinopec East China PP decreased by 50, with Anqing T set at 6950, Jiujiang T set at 6950, Shanghai M800E set at 8300, GM1600E set at 8000, and Zhenhai M09 decreased by 100, set at 7100.

②、 Today, the percentage of domestic polypropylene production affected by shutdowns increased by 0.31% compared to yesterday, reaching 16.11%. The percentage of daily production of wire drawing decreased by 1.09% compared to yesterday, reaching 24.16%. The daily production proportion of low melting copolymer decreased by 0.56% compared to yesterday, reaching 12.05%.

③、 During the period from August 8 to August 14, 2025, the supply and demand balance remains in a state of supply exceeding demand. The supply-demand gap stays positive and has slightly widened, which has increased the bearish sentiment in the market. In the next period, the surplus in the supply-demand balance is expected to narrow, and the bearish impact on prices is expected to ease.

2 Spot Overview

Table 1 Domestic Polypropylene Price Summary (Unit: Yuan/ton)

Based on the East China region, today's polypropylene raffia closed at 6,999 yuan/ton, down 15 yuan/ton from yesterday. The national average price of raffia fell by 20 yuan/ton from yesterday, a decrease of 0.28%, which is in line with the morning forecast.

Futures opened lower and declined today, with the market in a macroeconomic lull, and fundamentals dominating price movements. As prices fell, the low prices stimulated some essential demand orders, and traders actively offered discounts to secure sales channels; downstream orders showed no significant improvement, mainly replenishing essential inventory, causing the price base to move down passively. As of midday, the mainstream price of drawn wire in East China was between 6,900 and 7,050 yuan per ton.

3 Price Forecast

From the perspective of polypropylene supply, the 900,000-ton facility in Ningbo Daxie is about to start production, leading to expectations of increased supply pressure. Downstream enterprises generally maintain low inventory levels and mostly adopt a procurement strategy based on demand. The extent of demand recovery during the traditional peak season will be a major focus. In the short term, it is expected that...Polypropylene MarketFluctuating within the range of 6930-7100 yuan/ton.

PVC: Policy Disruption, PVC Weak Adjustment

1. Today's Summary

Domestic PVC manufacturers have partially reduced the ex-factory price by 20-100 yuan per ton.

Ordos has completed maintenance, while Huayi, Zhongjia, Junzheng, and Zhongtai Huatai plants are undergoing maintenance; Formosa Ningbo will undergo maintenance over the weekend.

③、 In July 2025, China's domestic PVC imports reached 24,500 tons, an increase of 2.1% month-on-month and 47% year-on-year; PVC exports in July were 330,600 tons, an increase of 26% month-on-month and 113% year-on-year. 。

2 Spot Overview

Based on the Changzhou market in East China, today's spot cash pick-up price for carbide-based PVC Type 5 in East China is 4,720 yuan/ton, down 30 yuan/ton compared to the previous trading day. 。

The domestic PVC spot market remains weak and volatile, with supply staying high and no highlights in demand. In the afternoon, the market rebounded due to the boost from petrochemical industry policy news. However, with both weak supply and demand in the spot market, the market prices mainly focus on low-price transactions. In East China, the acetylene-based type 5 spot with cash payment and warehouse pickup is priced at 4,700-4,820 yuan/ton, while the ethylene-based type is at 4,800-5,100 yuan/ton.

3. Price forecast

Maintenance expectations of manufacturing enterprises are anticipated to ease the pressure of new market supply; however, supply levels remain high. Domestic demand is temporarily stable but weak, with limited new foreign trade demand. Shipments to India are mainly concentrated on spot deliveries, and the supply-demand fundamentals remain weak. Costs are stable in the short term, with limited industrial support. Policy-related news is weak, and the market is expected to continue fluctuating weakly. It is estimated that the cash price of calcium carbide type five in the East China region will be in the range of 4700-4850 RMB/ton.

EVA: Market continues strong momentum, downstream resists high prices

1 Today's summary

① This week, the ex-factory price of EVA petrochemical was raised, and the auctioned goods sold well.

This week, the EVA petrochemical units at Gulei Petrochemical and Sinochem Quanzhou experienced malfunctions and were shut down.

2. Spot Price

Table 1: Summary of Domestic EVA Prices (Unit: Yuan/Ton)

Today, the domestic EVA market offers remained firm and steady. Overall supply is relatively tight, with continued shortages of soft material recently. Holders are reluctant to sell and are releasing limited quantities. Downstream foam factories resist high-priced sources and focus on low-priced, just-in-time replenishment based on immediate needs. The market atmosphere remains subdued. 。 Mainstream prices: Soft materials are quoted at 11,000-11,300 RMB/ton, hard materials are quoted at 10,250-11,000 RMB/ton.

3 Price Prediction

In the short term, the supply-demand situation remains strongly supportive, with petrochemical inventories at comfortable levels providing price support. The supply of some soft materials continues to be tight, while robust demand from the main downstream photovoltaic sector offers further support. However, downstream foam factories are resistant to high prices, and it will take time for the price increases to be absorbed. The short-term EVA market is expected to operate on the stronger side.

ABS: Raw material prices decline, market prices continue to fall today.

1 Today's Summary:

① Today, prices in the East China market slightly declined in some areas; prices in the South China market also slightly declined in some areas, with market transactions driven by just-in-time demand.

②. The monthly ABS production in August increased compared to the previous month.

2 Spot Market Overview Table 1 Domestic ABS Price Summary Table

3. Price Prediction

Based on the Yuyao and Dongguan areas, prices in the East China market have slightly declined, and prices in the South China market have slightly declined. Today's market trading remains weak, with traders offering discounts to move goods. Raw material prices fell today, and terminal demand is very sluggish. It is expected that the domestic ABS market price will continue to decline slightly in some areas tomorrow.

PS: The market has slightly lowered prices to boost sales, with localized improvements in transactions.

1 Today's summary

① Today, East China GPPS remained stable at 7,700 yuan/ton.

On Wednesday, the East China market for styrene fell by 5 to 7,275 yuan/ton, South China fell by 10 to 7,330 yuan/ton, and Shandong rose by 10 to 7,190 yuan/ton. 。

2 Spot Overview

According to Longzhong Information, today's East China GPPS closed steady at 7,700 yuan/ton.The raw material styrene first fell and then rose, with short-term cost driving the market, and the trading atmosphere slightly improved. There is a certain recovery in industry supply, with downstream inquiries at low levels. The market saw slight price reductions to facilitate sales, and local transactions improved.

3 Price Prediction

The price of raw material styrene has stopped falling and is consolidating, providing some support to costs. Industry production has slightly recovered, and downstream just-in-time replenishment is taking place. In the short term, the PS market may remain stable with tentative slight increases. The East China market for general-purpose and high-impact polystyrene is expected to be around 7,700-8,600 yuan/ton.

Engineering Materials

PC: The spot market is weak at low levels.

1 Today's Summary

Tuesday International crude oil Decline ， ICE Brent crude oil futures October contract settled at $65.79 per barrel, down $0.81.

②、 The raw material bisphenol A closed at 7,550 yuan in the East China market. Yuan/ton, down 75 Yuan/ton compared to the previous period.

③ Domestic PC factories currently have no latest factory price adjustment updates.

2 Spot Market Overview

Table 1 Summary of Domestic PC Prices (Unit: RMB/ton)

The domestic PC market in China is operating in a narrow range at low levels today. As of the afternoon closing, the mainstream negotiation reference for low-end injection molding grade in East China is between 10,050-13,500 yuan/ton, while mid-to-high-end materials are discussed at 14,200-15,300 yuan/ton. Overall, the focus remains roughly stable compared to yesterday. There are no latest ex-factory price adjustments from domestic PC manufacturers, although a certain PC factory in Shandong is holding back sales. In the spot market, the decline in East and South China has temporarily halted, with low-level consolidation being the main trend. The fundamentals have not improved, and low prices have failed to boost market sentiment. Holders are maintaining an active approach in line with the market, but downstream demand is insufficient, resulting in a lackluster trading atmosphere.

3 Price prediction

Based on the continued decline in upstream raw material bisphenol A, the overall cost pressure in the PC industry is limited. In the short term, production enterprises are unlikely to take the initiative to reduce production or supply. Supply remains very abundant, while downstream demand shows no signs of improvement. Spot market trading is difficult to improve, and market sentiment continues to be under pressure. It is expected that the weak downward trend will persist in the medium to short term.

PET: Polyester bottle chips fluctuate weakly.

1 Today's summary

Factory prices are mostly stable in the morning, but there is often a second adjustment in the afternoon, usually increasing by 30-50. (Unit: yuan/ton)

② The domestic polyester bottle chip capacity utilization rate today is 76.7%.

2 Spot Market Overview

Based on the East China market, today's spot price for polyester bottle-grade chips closed at 5900, down 20 from the previous trading day, in line with this morning's expectations.

In the morning, costs fluctuated, demand was weak, and transactions dipped. At noon, driven by macroeconomic benefits, costs rose. Polyester bottle chip factories raised their offers by 30-50. However, downstream buyers and traders were cautious in following the rise, mostly making rigid purchases. Transactions mainly stabilized compared to the morning. Offers for August-October sources were 5850-6000; bids were 5850-5940, with transactions involving rigid purchases. (Unit: RMB/ton)

3. Price Prediction

The domestic macroeconomic benefits are driving short-term cost support. However, the peak season performance downstream is unsatisfactory, and the market purchasing atmosphere is lukewarm with rigid replenishment. The market has concerns about future supply increases. It is expected that tomorrow the spot market for polyester bottle-grade chips in East China will fluctuate weakly within the range of 5850-5950 RMB/ton. Future attention should be focused on changes in raw materials.

POM: Transactions follow market movement, actual prices negotiable.

1. Today's Summary

① The market sales are generally average.

②. The profit margin for businesses has increased.

2 Spot Market Overview

Based on the Yuyao region, the price of YunTianHua M90 is 11,000 yuan/ton today, remaining stable compared to the previous period. Today, the POM market is mainly consolidating. Affected by downstream demand, the market's shipments in various regions are generally average, with significant pressure on sellers. Traders are inclined to offer discounts, and actual transactions depend on negotiations. By the close of trading, the tax-included price of domestic POM in the Yuyao market was 8,100-11,200 yuan/ton, while the cash price in the Dongguan market was 7,300-10,400 yuan/ton.

3. Price Forecast

Due to weak inquiry activity in various regions, market sentiment is lackluster, and some traders are offering discounts to facilitate sales. However, petrochemical plants have relatively low inventory levels, and there is a short-term intention to support prices, with actual transactions focusing on negotiation. As of the close, the tax-inclusive price of domestic POM in the Yuyao market was 8,100–11,200 yuan/ton, while the cash price of POM in the Dongguan market was 7,300–10,400 yuan/ton.

PMMA: The PMMA particle market remains weak and stagnant.

1 Today's Summary

①、 The PMMA particle market is weak and stagnant today.

Today, the domestic utilization rate of PMMA pellets remains at 64%.

2 Spot Overview

Table 1 Domestic PMMA Particle Price Summary (Unit: RMB/ton)

Based on the East China region, today's PMMA particles closed at 12,800 RMB/ton, remaining stable compared to the previous working day, in line with the morning expectations. On the raw material side, MMA remains weak and stagnant, with some improvement in cost pressure. Downstream demand is sluggish, with cautious inquiries dominating the market and limited actual transaction volumes. Market sentiment is largely wait-and-see, and suppliers’ offers remain stable for the time being.

3 Price Prediction

The standoff and game on the raw material side result in insufficient cost support. PMMA factories have no intention to reduce prices, and the quotations remain relatively stable. The actual transaction needs to be carried out, and it is expected Short-term PMMA fluctuates within a range.

PBT: Market news is chaotic, PBT market fluctuates within a narrow range.

1 Today's Summary

①This week, PBT manufacturers have lowered their quotes.

This week there are few PBT unit maintenance activities.

③ The PBT output for this period is 22,200 tons, an increase of 900 tons from the previous period, with a growth rate of 4.23%. The capacity utilization rate is 52.30%, up 2.12% from the previous period. 。 The average domestic PBT gross profit this week is -441 yuan/ton, a decrease of 4 yuan/ton compared to the previous week.

2 Spot Market Overview

Based on the East China region, the mainstream price of medium and low viscosity PBT resin is 7,600-8,000 yuan/ton today, stable compared to the previous working day. Today's PBT market is chaotic and stagnant, the PTA market is consolidating with a slight strength, and the BDO market is operating weakly. The support from the raw material side is temporarily stable, and the information within the PBT market is quite mixed, leaving industry players with confused sentiments. Occasionally, low prices are heard, while mainstream quotations remain fluctuating within a certain range. According to Longzhong Information, the price of low-viscosity PBT pure resin in the East China market is 7,600-8,000 RMB/ton.

3 , Price Prediction

The PBT market is expected to remain weak and stable. On the raw material side, the supply and demand for PTA remain tight. Driven by macro sentiment, the overall trend of commodities is relatively strong. With low valuations, cost support is solid, and there is an expectation of a continuous rebound in the short-term PTA spot market. The BDO market is in a transition period between old and new cycles, and industry players maintain a wait-and-see attitude, awaiting new monthly policy guidance. Although inquiries from downstream buyers have started, actual orders are limited for now. Changes in raw materials and fundamentals are limited, and the PBT market continues to be marked by a wait-and-see attitude, with a stalemate in the supply-demand game. The market focus is expected to fluctuate within a range. Therefore, Longzhong expects that tomorrow the price of low-viscosity PBT resin in the East China market will be around 7,600-8,000 yuan/ton.

PA6: Downstream replenishment based on demand at the lower price, PA6 market consolidates and operates.

1 Today's Summary

①、 The weekly settlement price of Sinopec caprolactam is 9,290 yuan/ton (six-month acceptance with no interest), down 285 yuan/ton from the previous period.

②、 Sinopec has increased the price of pure benzene by 100 RMB/ton in its East China and South China refineries, setting the new price at 6,150 RMB/ton, effective from August 12th.

2 Spot overview

Today, the polyamide 6 market is operating steadily. Raw material prices have slightly declined, and the cost pressure from continued losses in chip profits remains. Polymerization enterprises are maintaining stable quotations for the time being, while downstream buyers are mainly replenishing inventories as needed at lower prices. Market transactions and negotiations. East China PA6 conventional spinning ordinary grade is priced at 9,150-9,650 RMB/ton for cash short delivery, high-speed spinning spot goods are priced at 9,800-10,000 RMB/ton for acceptance delivery. Chaohu price is 8,550-8,650 RMB/ton for cash self-pickup.

3 Price Prediction

From the cost perspective, the caprolactam market is under multiple pressures, with market prices slightly weakening and cost pressure from continued losses in chip production profits. On the supply and demand side, several domestic enterprises have reduced operating rates, and more are planning to do so in the near future, leading to reduced supply. Downstream buyers mainly purchase as needed at lower prices. The PA6 market is expected to undergo slight adjustments in the near term.

PA66: Downstream purchases according to demand, market operates in a consolidation phase.

1 Today's Summary

①. On August 19, the Russia-Ukraine peace talks continued to release positive signals, with geopolitical tensions expected to ease further, leading to a drop in international oil prices. The NYMEX crude oil futures September contract fell by $1.07 to $62.35 per barrel, a decrease of 1.69% from the previous day; the ICE Brent crude oil futures October contract fell by $0.81 to $65.79 per barrel, down 1.22% from the previous day. China's INE crude oil futures 2510 contract fell by 0.1 to 485.1 yuan per barrel, with the night session dropping 4.2 to 480.9 yuan per barrel.

Today, the domestic PA66 capacity utilization rate is 61%, with a daily output of approximately 2,370 tons. Despite cost and demand pressures, domestic PA66 polymerization enterprises have maintained stable capacity utilization. However, downstream demand is average, and the domestic PA66 industry has ample supply of goods.

2 Spot Overview

Based on the Yuyao market in the East China region, today's EPR27 market price is referenced at 15,200-15,400 RMB/ton, stable compared to yesterday's price. 。 Raw material prices are fluctuating, cost pressures remain, downstream purchases are made as needed, market supply is ample, trading activity is moderate, and the market is operating steadily.

3 Price Prediction

The cost side support is stable, downstream purchasing is on-demand, market supply is sufficient, and industry confidence is lacking. It is expected that the domestic PA66 market will experience weak fluctuations in the short term.