[recycled pe/pp morning update] market expected to maintain a steady to weak trend

1. Focus Points

1、 7/24: Market tariffs between the United States and other countriesNegotiation ResponsibleConcerns have somewhat eased, and combined with the support of the traditional peak season for fuel demand in the United States, international oil prices have risen.

2、 Polyethylene: Previous dayPolyethylene Market Price Adjustment The linear transaction price is 7,150-7,450 yuan/ton. It is understood that ， The downstream factories are resistant to price increases, and with no further guidance from the news, market sentiment has turned weaker, leading many to slightly reduce prices to facilitate sales. 。

3. Polypropylene: Part IOne day Futures opened lower and fluctuated upwards, while the spot market was cautious in quoting, with the absolute price fluctuation range within 30 yuan/ton. Although the rise in futures provided some confidence to the market, the purchasing enthusiasm at the terminal was not strong, and high prices suppressed market trading activity. Some merchants slightly lowered high-end prices under the pressure of sales. As of midday, the mainstream price of Huadong wire drawing was 7110-7200 yuan/ton.

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Unit: yuan/ton

3. Market Outlook

The overall recycled plastic market has not changed significantly, with companies actively supplying orders to meet customer demand, while the purchasing sentiment of downstream plastic companies is limited.The new material prices maintain a low-level fluctuating trend, putting certain sales pressure on recycling companies. The inventory of recycling manufacturers is gradually increasing, and some companies are offering slight concessions on new order transactions. The market is expected to have a stable to slightly weak trend.