Recycled PE/PP Morning Outlook: Market Expected to Remain Weak Within Range

Focus points

1、 April 27: U.S.-Iran talks have stalled, navigation through the Strait of Hormuz remains disrupted, and international oil prices have risen.

2 Polyethylene: Polyethylene market price adjustment Line price 8120-9300 yuan/ton It is understood that Macro uncertainties remain strong, with market sentiment slightly improved. Downstream factories are restocking ahead of the holiday, leading to better transactions at lower prices. Enterprises and traders face some inventory reduction pressure, and are cautious about pushing prices higher. 。 China The price of North LL dropped by RMB 10 per ton, while East and South China…Up 50 Yuan/tonIt is expected that the polyethylene market prices will mainly adjust in the afternoon.

3、 Polypropylene Futures opened higher and fluctuated upwards. In the morning, the market's low-price quotes shifted upwards, with increases ranging from 30 to 100 yuan/ton. The support from the cost side has strengthened, and at the end of the month, the spot resources of merchants are relatively tight, leading to a more cautious attitude towards price hikes. However, the downstream cost transfer pressure has not yet been alleviated, and short-term procurement remains mainly based on demand, with the market drivers shifting towards the supply and demand level. Considering the pros and cons, it is expected that the market will mainly consolidate in the near term. As of midday, the mainstream prices for drawing materials in East China range from 9100 to 9250 yuan/ton.

II. Price

Unit: RMB per ton

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

Short-term recycled plastic market lacks supportive factors, with manufacturers actively supplying orders as per customer demand. Downstream new orders have shown average performance. New material prices are fluctuating in a small range, and downstream processing companies maintain stable operations, but their purchase enthusiasm for raw materials is lackluster. Inventory of recycled material producers is gradually increasing, and production is slightly reduced. It is reported that deals in the market are slightly discounted. It is expected that the market trend will remain weak within a range.