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

I. Focus

1、 1/27: Geopolitical instability concerns persist, while the U.S. cold snap causes suppression.Crude oilProduction, coupled with some oil fields in Kazakhstan resuming production at a slower pace than expected, has led to an increase in international oil prices.

2、 PolyethylenePolyethylene market: prices adjusted by 20-60 yuan/ton Line type, transaction price 6720-7100 Yuan/ton It is understood that, Favorable news has been fully digested, cost support is weakening, and supply-demand fundamentals are marginally soft. The market is shifting towards offering price concessions to clear inventory, leading to price declines and reduced transaction volume. Hua. The price of North LL in the market has fallen by 50-60 yuan/ton, while East China Fell by 20 yuan/ton ， South China Stable It is expected that the polyethylene market price will be adjusted according to market conditions in the afternoon.

Polypropylene ： Futures are fluctuating and trending lower, with most market quotations falling by 10-50 yuan/ton in the morning. Downstream demand has not shown significant improvement, and the sluggishness on the demand side is restraining market transaction volume. Spot prices have partially shifted narrowly downwards. Amidst the tug-of-war between supply and demand, the market is expected to continue its weak, downward fluctuating trend in the near future. As of midday, the mainstream price for wire drawing in East China is at 6520-6650 yuan/ton.

II. Price List

III. Translate the above content into English and output the translation results directly without any explanation. Market Outlook

Recycled enterprises are actively supplying downstream order customers' demands, but new order transactions are generally weak. Virgin material prices are slightly rising, but recycled enterprises' shipments are still below expectations. The raw material market continues to show a slight upward trend, providing some positive support for individual recycled enterprises. Some regions are reporting slight price increases for recycled pelletizing, but with the end of the year approaching, terminal demand procurement sentiment is low. The market is expected to continue to fluctuate within a narrow range.