[Recycled PE/PP Weekly Outlook] Recycled Plastics Market Expected to See Narrow Range Fluctuations

1. Focus points

1、 8/1: The market is focusing on the latest developments regarding OPEC+ production increases, and since there has been no new escalation in geopolitical tensions, international oil prices have fallen.

2、 Polyethylene market prices are falling. The linear transaction price is 7220-7500 yuan/ton. It is understood that ， Macroeconomic news has been gradually digested with no further boost, leading to weakened cost support. The market has sufficient spot supply, and many are offering slight discounts to facilitate transactions, resulting in a downward shift in price focus. 。

3. Polypropylene MarketThe market is mainly in a weak consolidation phase, with no clear guidance from market news. Trading sentiment is weak, and merchants are actively offering discounts to promote transactions. The spot price center has shifted down within a narrow range. As of the midday session, the mainstream price of East China wire rod is between 7,070 and 7,200 yuan per ton.

2. Price List

3. Market Outlook

The recycled plastics market is consolidating within a range, with supply, orders, and customer demand from enterprises showing no significant changes in quotations. Recently, the futures prices of virgin materials have shown slightly stronger fluctuations, but actual price increases have been weak, and overall prices continue to fluctuate within a range. Downstream demand for plastic products remains weak, with enterprises operating at low capacity. The market continues to see small inquiries driven by rigid demand. It is expected that the recycled plastics market will experience minor fluctuations within a narrow range.