[today’s plastic market] fluctuating weakly! general materials in the red! pc rising against the trend by 100

Summary: Summary of prices and forecasts for general and engineering plastics in the plastics market on October 10th.General MaterialIn terms of PEEnterprises are reducing prices to clear inventory, downstream is making just-in-time purchases, with narrow declines of 7-28; PVC fluctuates during the session, with individual drops of 10; ABS quotes continue to decline, some falling by 10-100; PS is volatile and slightly weaker, with some dropping by 50.EVA is operating steadily.Engineering MaterialsIn terms of fluctuations, PC fluctuations have stabilized, with some increasing by 100; PET has slightly decreased by 10-20; PBT is experiencing weak fluctuations, with some decreasing by 100; PA66 is operating weakly, with some decreasing by 50; POM and PA6 are operating steadily.

General material

PE: Enterprises reduce profits to clear inventory, downstream just-in-need purchasing.

1. Summary of Today

①. The ceasefire agreement between Israel and Palestine has been reached, easing the instability of the geopolitical situation, leading to a drop in international oil prices. NYMEX crude oil futures for the November contract fell by $1.04 per barrel to $61.51, a decrease of 1.66% compared to the previous period; ICE Brent crude futures for the December contract fell by $1.03 per barrel to $65.22, a decrease of 1.55% compared to the previous period.

②. The price change range for the HDPE market is -28 to -4 yuan/ton, the LDPE market price is -16 yuan/ton, and the LLDPE market price is -20 yuan/ton.

2. Spot Overview

Recently, the arrival of imported resources has increased, leading to an accumulation of domestic inventory. Orders are maintained based on just-in-need demand, and industry insiders hold a rather pessimistic view of the market outlook. The focus is primarily on offering discounts to reduce inventory. The market price fluctuation for HDPE is -28 to -4 yuan/ton, LDPE market price is -16 yuan/ton, LLDPE market price is -20 yuan/ton.

3. Price Prediction

In the short term, the cost support from crude oil to polyethylene is limited. On the supply side, there is a trend of increasing import resources and domestic production, leading to greater supply pressure. On the demand side, downstream orders mainly maintain just-in-time restocking. Overall, it is expected that in the short term, polyethylene market prices may undergo a weak adjustment, with a range of 10-50 yuan/ton.

PVC: Weak Supply and Demand, PVC Fluctuates Intraday

1. Today's Summary

①. The ex-factory prices of individual domestic PVC production enterprises have been reduced by 10-20 yuan/ton.

This week, some units of Junzheng, Tianye, Lutai, and Tosoh are undergoing maintenance.

The two departments have stepped in to address disorderly competition among enterprises and maintain price order in key areas.

2 Spot Overview

Using the East China Changzhou market as a benchmark, the current cash on delivery price for acetylene-based Type V in the East China region is 4,640 RMB/ton, unchanged from the previous trading day. 。

The domestic PVC spot market is experiencing weak fluctuations, with no improvement in the supply-demand fundamentals. Although maintenance shutdowns have increased after the holiday, the overall supply scale remains high. Domestic and international demand is sluggish and stable, and the industry is still facing inventory pressure. Bulk commodity prices fluctuate weakly during trading, and there is no positive stimulus in the industry recently. In the East China region, spot market prices are weakly adjusted, with the carbide method's five-type spot delivery at 4,580-4,680 yuan/ton, and the ethylene method at 4,800-5,000 yuan/ton.

3、Price prediction

After the holiday, although the weakening of PVC has started to increase, the overall production capacity remains high, and market supply capacity is still sufficient. Domestic demand is expected to remain stable, while foreign trade faces policy instability. Industry inventory is expected to maintain an accumulation trend, and the spot market price is under pressure. Short-term policies are not favorable, coupled with weak cost fluctuations, causing PVC spot market transactions to remain at low levels, with prices fluctuating within a range. In East China, the cash on delivery price for acetylene-based type 5 is in the range of 4600-4740 yuan/ton.

ABS: Market sentiment is generally weak, and today's prices continue to decline.

1 Today's Summary:

①. Today, the market prices in East China have decreased; the market prices in South China have also decreased, with transactions primarily meeting just the essential demand.

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

2 Spot Market Overview:

Based on the regions of Yuyao and Dongguan, prices in the East China market are declining, and prices in the South China market are also falling. Today's market trading is sluggish, with many bearish factors within the market. Traders are not optimistic, and the ABS industry production in October remains at a high level. It is expected that the domestic ABS market prices will continue to decline slightly tomorrow.

3 Price prediction:

Based on the regions of Yuyao and Dongguan, prices in the East China market are declining, and prices in the South China market are experiencing local downward adjustments. Today's market prices have experienced a localized downward trend, with supply remaining at a high level. There are many negative factors in the market, and the market sentiment is not good. It is expected that ABS prices will continue to experience a localized downward trend tomorrow.

PS: Raw materials fluctuate weakly, and the market reduces prices to clear inventory.

1 Today's Summary

①. Today, East China GPPS dropped by 50 and closed at 7,200 RMB/ton.

② 、 On Friday, the East China market for styrene dropped by 15 to close at 6,775 yuan/ton, South China dropped by 30 to close at 6,805 yuan/ton, and Shandong maintained stable prices, closing at 6,685 yuan/ton.

2 Spot Overview

According to Longzhong Information, today's East China GPPS fell by 50 to 7200 yuan/ton.The raw material styrene is fluctuating weakly, with a lack of support from the cost side. Coupled with the impact of reduced factory prices, the market continues to sell at lower prices. The supply of goods is relatively ample, and the downstream is mainly in a wait-and-see mode, focusing on selling at reduced prices, with overall average transactions.

3 Price Forecast

The raw material styrene is weakly consolidating, providing general cost support. The industry's supply is relatively loose, and downstream purchasing pace has slowed, so the short-term PS market may be slightly weaker. It is expected that the East China market for general-purpose polystyrene will be around 7200-8300 yuan/ton.

EVA: Pessimistic market sentiment, difficult transactions.

1 Today's Summary

①. This week's EVA petrochemical ex-factory price remains stable.

②. This week's EVA petrochemical plants: Except for the long-stopped plant at Yanshan Petrochemical, all others are in stable production. On September 25th, the 300,000 tons per year plant of Hanwha-GS Energy in South Korea was put into operation.

Today's domestic EVA market offers are chaotic, with cautious and pessimistic sentiment among industry players. Downstream procurement is sporadic, with low purchasing willingness. Market offers are disorganized, and transactions are focused on just-in-need negotiations, making actual transactions difficult. Transaction prices are on a downward trend, and the overall atmosphere is dull. Mainstream prices: soft materials are 10,900-11,400 yuan/ton, and hard materials are 10,600-11,500 yuan/ton.

3 Price Prediction

In the short term, EVA manufacturers are maintaining stable production, with supply tending to increase. However, demand lacks effective improvement, and transaction follow-up is weak, leading to low confidence among industry players. Petrochemical manufacturers may continue to stabilize and support the market, but due to the lack of positive drivers, transactions may face pressure and a gradual downward trend. 。 Pay attention to the domestic EVA manufacturers' price adjustment trends and changes in market sentiment next week. 。

Engineering materials

PC: Market volatility is stabilizing.

1 Today's Summary

Thursday International Crude Oil Decline ， ICE Brent Crude Futures December contract at 65.22, down 1.03 USD/barrel.

②、 Raw material bisphenol A East China market closed at 7775. Yuan/ton, a decrease of 25 Yuan/ton compared to the previous period.

3. The latest ex-factory price of a certain PC plant in Henan has increased by 200 yuan/ton.

2 Spot Overview

Today, the domestic PC market operated within a narrow range at high levels. By the afternoon close, mainstream negotiation references for low-end injection molding grades in East China ranged from 10,400 to 13,400 yuan/ton, while mid-to-high-end grades were discussed at 14,050 to 14,800 yuan/ton. Overall, the market focus remained stable, with specific domestic products in short supply continuing to support an upward momentum. After the holiday, domestic PC factories maintained firm pricing operations, with a certain PC factory in Henan raising prices by 200 yuan/ton. In the spot market, both East and South China remained stable with a wait-and-see approach. Although the market has seen significant increases recently, there has been no improvement in downstream follow-up. However, considering that supply support remains, operators maintain a cautious and moderate mindset, with quotations temporarily stable and transactions moving along with the market. The atmosphere for transactions was quiet during the day.

3 Price Prediction

Recently, the PC market has seen significant increases, although there has been no substantial improvement in downstream demand. Some industries have adopted a wait-and-see approach after purchasing as needed, resulting in noticeably slower market transactions. However, considering the maintenance of major PC factories, supply-side support remains, and operators are not actively selling at lower prices, opting instead for stable and steady operations. Overall, in the short term, the domestic PC market is expected to experience narrow fluctuations to absorb the price increases, with attention on further market transaction changes.

PET: The polyester bottle chip market is experiencing a narrow decline.

1 Today's Summary

① Haoyuan, Baihong, and Hanjiang decreased by 30, China Resources decreased by 20, Yisheng basis decreased by 20, and other factories remained stable. (Unit: yuan/ton)

②. Today's domestic polyester bottle chip capacity utilization rate is 73.37%.

2 Spot Overview

Based on the East China region, today's spot price for polyester bottle-grade PET closed at 5730, down 10 from the previous working day, in line with the morning forecast.

Crude oil and raw materials continue to decline. Some polyester bottle chip factories have kept their quotations stable, while others have reduced them by 20-30. Some traders are replenishing their inventories, and end-users are restocking at low prices. It is reported that October sources have been traded at 5680-5790, with some slightly higher or lower; November sources have been traded at 5700-5730; December sources have been traded at 5690-5730 or futures contracts 2511 with a premium of 5-20, with little change in the basis. Trading activity has improved compared to yesterday. (Unit: RMB/ton)

3. Price Prediction

Crude oil and PTA continue to decline, with a lack of cost support. On the supply side, although the circulation of some goods is becoming tight, with the recovery of logistics, arrivals continue to increase, and industry operations remain stable, leading to a more relaxed supply. Downstream maintains just-in-time replenishment, with little willingness to stockpile. Considering that demand is entering the traditional off-season, the polyester bottle chip market may remain sluggish. It is expected that tomorrow, the spot price of polyester bottle-grade chips in East China will run in the range of 5,670-5,780 yuan/ton.

PBT: Increased selling sentiment, PBT market shows weak fluctuations.

1 Today's Summary

This week's PBT manufacturers' prices remained stable overall.

This week, there are fewer PBT plant maintenance activities.

③ The PBT production for this period is 22,600 tons.The capacity utilization rate is 53.14%, remaining stable compared to the previous period. The average gross profit of domestic PBT this week is -324 yuan/ton, a decrease of 58 yuan/ton compared to the previous week. 。

2 Spot Overview

Based on the East China region, the mainstream price of medium and low viscosity PBT resin today is between 7,500 to 7,800 yuan/ton, which is a decrease of 100 yuan/ton compared to the previous working day. Today, the PBT market is experiencing a weak fluctuation, the PTA market continues to weaken, and the BDO market is in a weak stalemate. The support from the raw material side is average, and there is an increased willingness to sell in the PBT market, with the actual negotiation focus weakening. ， According to Longzhong Information, the price of low-viscosity PBT pure resin in the East China market is 7,500-7,800 yuan/ton.

3 Price Prediction

The PBT market is expected to operate weakly. On the raw material side, the supply and demand of PTA remain tight, and the balance sheet continues to deplete. However, there is a lack of favorable external factors, with falling oil prices weakening cost support. Additionally, the downstream purchasing enthusiasm is hindered by the weak sentiment of the terminals, and the PTA spot market is expected to continue its weak trend in the short term. The support from the BDO supply side has slightly increased, with suppliers mainly aiming to stabilize the market, limiting trading space. Downstream just-in-time contract follow-up is present, but spot procurement is light and subject to negotiation, making market fluctuations difficult. The raw material support is generally average, and the PBT market is unlikely to experience any favorable boosts, so Longzhong expects that tomorrow's East China market for medium and low viscosity PBT resin will be priced at 7500-7800 yuan/ton.

POM: Weak Demand Performance, Industry Players Cautiously Bearish

1. Summary of Today

Kaifeng Longyu's POM unit will shut down for maintenance on October 9th.

The Tianjin Bohua POM plant was shut down for maintenance on July 7, with no set restart date.

2 Spot Overview

Based on the Yuyao area, Yun Tianhua M90 is priced at 10,800 yuan/ton today, with the price remaining stable compared to the previous period.The POM market is consolidating within a narrow range today. The spot market circulation is sluggish, and petrochemical plants are facing pressure to release shipments. Some manufacturers have lowered their ex-factory prices. ， Inquiries from the market are relatively few. Traders' bearish sentiment intensifies. ， The market activity was sluggish. By the close of trading, the tax-included price of domestic POM in the Yuyao market was 8,100-11,100 yuan/ton, while the cash price of POM in the Dongguan market was 7,300-10,400 yuan/ton.

3. Price Prediction

After the holiday, there is no favorable support from the fundamentals. Due to high inventory accumulation, it is reported that some manufacturers have the intention to reduce prices. The pressure to sell in the market is increasing, and the focus of trade offers will gradually decline. Terminal demand is recovering slowly, and factory operating rates are at low levels. Given the ample pre-holiday stockpiling, users' purchasing enthusiasm is lacking, and transactions are negotiated on a case-by-case basis. Longzhong expects that the domestic POM market will tend to consolidate weakly in the short term.

PA6: Downstream replenishment on demand at low levels, PA6 market operates steadily.

1 Today's Summary

①、 The settlement price for Sinopec's high-end caprolactam in September 2025 is 9,080 yuan/ton (liquid premium grade with a six-month acceptance for self-pickup), which is a decrease of 250 yuan/ton compared to the August settlement price.

②、 Sinopec East China has reduced the listed price of pure benzene by 150 yuan/ton to 5,750 yuan/ton, effective September 30.

2 Spot Overview

Today, the polyamide 6 market is slightly weak and consolidating. The decline in raw material prices has weakened cost support. Downstream buyers selectively replenish stocks at low prices based on just-in-time needs, with some low-priced slices seeing fair transactions. Actual transactions are subject to negotiation. Conventional spinning regular grade PA6 in the eastern region is priced at 8,900-9,300 RMB/ton with short-term cash payment, while high-speed spinning spot price is 9,300-9,700 RMB/ton delivered with acceptance. In Chaohu, the cash self-pickup price is 8,350-8,450 RMB/ton.

3 Price prediction

From the cost perspective, the caprolactam market is expected to operate slightly weaker, leading to a reduction in cost support. In terms of supply and demand, Guangxi Hengyi is gradually starting production, which is expected to increase supply, but downstream cautiousness may appear after just-needed purchases. It is anticipated that the PA6 market will experience minor adjustments in the near term.

PA66: The demand side is generally weak, and the market is operating weakly.

1 Today’s Summary

①, 10/9: The Israeli-Palestinian parties reached a ceasefire agreement, easing the instability of the geopolitical situation, leading to a decline in international oil prices. NYMEX crude oil futures for the November contract fell by $1.04 per barrel to $61.51, a decrease of 1.66% compared to the previous period. ICE Brent oil futures for the December contract fell by $1.03 per barrel to $65.22, a decrease of 1.55% compared to the previous period. China's INE crude oil futures for the 2511 contract fell by 11.8 to 468.7 yuan per barrel, and in night trading, it fell by 4.5 to 464.2 yuan per barrel.

Today, the domestic PA66 capacity utilization rate is 64%, with a daily output of approximately 2,500 tons. Under cost and demand pressure, some enterprises have increased their capacity utilization. The downstream demand side is average, new capacity is being gradually released, 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 market price for EPR27 is referenced at 14,800-14,900 RMB/ton, a decrease of 50 RMB/ton compared to yesterday, with a decline of approximately 0.34%. 。 Raw material prices are fluctuating, creating some cost pressure, but the demand side is weak, with ample spot market supply, leading to a weak market performance.

3 Price Forecast

The demand side is weak, the market supply is sufficient, cost pressure remains high, and the market lacks positive news for support. It is expected that the domestic PA66 market will consolidate weakly in the short term.

(The above is compiled from Longzhong)