[Today's Plastic Market] Fluctuating Movement! PA6 Drops 100-200 Individually, PET and EVA Prices Rise

Summary: A summary of the prices and forecasts for general-purpose and engineering plastics on August 11.General materialsWeak fluctuations, with PP and PE markets experiencing narrow-range volatility; PVC transactions are flat; PS is generally stable with minor movements, with individual decreases of 20; ABS sees partial declines of 20-60; EVA prices are rising, with some increases of 100-200. Engineering plastics are generally stable to declining, with PA6 overall running weakly and individual decreases of 100-200; PET rises slightly by 10-30; PC, POM, PMMA, PBT, and PA66 are in a wait-and-see consolidation.

General material

PE: Slight improvement in transactions, with minor price fluctuations.

1. Today's Summary

① The market is watching the progress of the Russia-Ukraine situation. Coupled with short covering by traders, international oil prices have risen. The NYMEX crude oil futures September contract settled at $63.88 per barrel, remaining stable compared to the previous trading day; the ICE Brent crude oil futures October contract increased by $0.16 to $66.59 per barrel, up 0.24% from the previous day.

② The price fluctuation range of the HDPE market is -3 to 0 yuan/ton, the LDPE market price increased by 22 yuan/ton, and the LLDPE market price increased by 2 yuan/ton.

2. Spot Overview

At the beginning of the week, the market trading atmosphere improved, and with stronger cost support, Due to maintenance shutdowns, LDPE market supply has decreased, leading to a slight upward test in mainstream market prices. On the cost side, crude oil has room to rise, providing strong support for PE costs; on the supply side, the restart of maintenance units and the commissioning of new units have increased market supply, keeping supply pressure unchanged; therefore, the market is expected to mostly consolidate within a range. HDPE market price fluctuations ranged from -3 to 0 yuan/ton, LDPE market price increased by 22 yuan/ton, and LLDPE market price increased by 2 yuan/ton.

3. Price Prediction

In the short term, Crude oil cost support remains strong; polyethylene companies are restarting maintenance units, increasing market supply; on the demand side, the downstream off-season is nearing its end, and some downstream factories are restocking, showing signs of improving demand. ， ExpectedPolyethylene prices are expected to rise slightly tomorrow. 。

PVC: Market Stalemate, Early Week Transactions Quiet

1. Today's Summary

Some domestic PVC manufacturers have reduced their ex-factory prices by 20-50 yuan/ton.

② The Ordos Phase II unit has been shut down for maintenance.

③ The pre-sale quotation for PVC shipments in Asia for September is expected to be announced next week with a delay.

2 Spot Market Overview

Based on the Changzhou market in East China, the current cash price for carbide-type calcium carbide in East China today is 4,890 yuan per ton, unchanged from the previous trading session. 。

The domestic PVC spot market remains in a weak oscillation range. The PVC supply continues to stay high during the week, with limited new maintenance scale. The end market demand is stable, with a focus on low-price transactions during the session. In the East China region, the carbide method type 5 cash-on-delivery is priced at 4,850-4,950 yuan/ton, while the ethylene method remains at 4,900-5,150 yuan/ton.

3. Price prediction

This week, the scale of new maintenance in domestic PVC production enterprises is limited. As enterprises that underwent maintenance last week have resumed full operations, weekly production and operating rates continue to increase, adding pressure to market supply. Domestic and foreign demand remains stable, and industry inventory is feared to continue growing. Market costs have stabilized this week with strong support at the bottom, and in the short term, there are no industry policy disruptions. It is expected that spot market prices will fluctuate weakly, with the East China region's calcium carbide method Type 5 cash price at 4800-4900 RMB/ton.

PS: The market is generally stable with minor fluctuations, and some shipments are slightly below expectations.

1 Today's Summary

Today, East China GPPS fell by 20 to close at 7,780 yuan/ton.

②、 On Monday, the styrene market in East China rose by 10 to close at 7,305 yuan/ton, South China remained stable at 7,365 yuan/ton, and Shandong fell by 55 to close at 7,145 yuan/ton.

2 Spot Market Overview

According to Longzhong Information, East China GPPS fell by 20 to 7,780 yuan/ton today.Recently, the raw material styrene has been fluctuating at low levels, and the market lacks directional guidance. Industry production has slightly recovered, but there is no significant improvement in downstream demand. The market remains largely stable with minor fluctuations, and some sales are slightly lower.

3 Price Prediction

The raw material styrene is fluctuating at a low level, and the market direction is still unclear. The industry's production has slightly recovered, and downstream just-in-time purchasing is average. In the short term, the PS market may undergo a weak consolidation. It is expected that the East China market for transparent modified benzene will be around 7,750-8,600 yuan/ton.

ABS: Some manufacturers lowered ex-factory prices today, and traders continue to offer discounts to boost sales.

1 Today's Summary:

① Today, prices in the East China market declined slightly in some areas; prices in the South China market also fell slightly in certain regions, with market transactions driven by just-in-time demand.

② The monthly production of ABS increased month-on-month in August.

2 Spot Overview

Table 1 Domestic ABS Price Summary

Based on Yuyao and Dongguan regions, prices in the East China market have slightly declined, and prices in the South China market have also slightly declined. Today, some manufacturers lowered their ex-factory prices, and market traders offered discounts to promote sales. With bearish sentiment prevailing in the market, it is expected that the domestic ABS market price will remain in a narrow range tomorrow.

3 Price prediction:

Based on the regions of Yuyao and Dongguan, prices in the East China market have partially declined, and prices in the South China market have also decreased locally. Today's market transactions remain mainly driven by rigid demand, with weak end-user demand. Traders are offering discounts to promote sales, and there are many bearish factors in the market. ABS prices are expected to remain in a narrow range tomorrow.

EVA: Price Increase

1、Mainstream market closing prices for the current period

2、Market Overview

Today, the EVA market price has risen, with the price center moving up by 100-200 yuan/ton. Production enterprises have mostly raised their ex-factory prices, and some have limited supply. Traders have low inventories and are quoting and selling according to market conditions, making market supply slightly tight. End-user enterprises are replenishing stocks based on rigid demand, but their purchasing intentions are moderate. Actual transaction prices are mainly determined through negotiations between buyers and sellers.

PP: The domestic PP market fluctuated within a narrow range today.

1、The current closing price of the mainstream market

2、Market Overview

Today, the domestic PP market fluctuated within a narrow range. PP futures operated on the warmer side, but the boost to spot market sentiment was limited. Most traders sold according to their own inventory and cost situations, with overall quotations showing little change. Downstream factories replenished inventories based on just-in-time needs at lower prices. Overall, market transactions were neutral to slightly weak.

Engineering materials

PET: Cost support leads to a narrow price increase in polyester bottle chips

1 Today's Summary

①Factory quotation part increases by 10-50. Unit: RMB/ton

② The domestic polyester bottle chip capacity utilization rate today is 70.89%.

2 Spot Overview

The spot price of polyester bottle-grade PET in the East China region closed at 5910 today, remaining stable compared to the previous working day, in line with the morning forecast.

With costs relatively high, some polyester bottle chip factories have raised their offers by 10-50 yuan today. Costs are rising, but today's market inquiries remain relatively firm, with quiet trading. The polyester bottle chip market center is moving slightly higher. August-September cargo offers are quoted at 5890-6000 yuan/ton or futures contract 2509-20 to +90; counter offers are at 5850-5960 yuan/ton, with downstream users and traders restocking out of rigid demand. (Unit: yuan/ton)

3. Price Prediction

The supply of polyester bottle flakes remains unchanged and stable, with demand-side purchases mainly for same-day delivery. Downstream buyers continue to replenish on dips. Some local supply is tight, and the short-term supply-demand pattern of polyester raw materials supports cost trends. There is no obvious positive support from either supply or demand. The market remains relatively firm following fluctuations in polyester costs. However, the peak summer oil consumption in the Northern Hemisphere is gradually fading, coupled with a continuous increase in crude oil supply, putting short-term international crude oil under pressure. Caution is still needed on the raw material side. It is expected that the spot price of polyester bottle-grade flakes in the East China market will be 5,850-5,950 yuan/ton tomorrow. Going forward, attention should be focused on changes in raw materials.

PMMA: Market dominated by wait-and-see sentiment

1 Today's Summary

①、 The PMMA particle market remained stable today.

Today, the utilization rate of domestic PMMA particles remains at 64%.

2 Spot Overview

Table 1 Summary of Domestic PMMA Particle Prices (Unit: RMB/ton)

In the East China region, PMMA particles closed at 13,000 RMB/ton today, stable compared to the previous working day, in line with morning expectations. Due to constraints from terminal demand and a decline in raw material MMA prices, the domestic PMMA market is seeing a wait-and-see trading atmosphere. Sellers are following the pace set by factories, with most transactions limited to small orders for immediate needs. Although there is little willingness to sell at low prices in the market, high prices are also difficult to achieve large volumes, resulting in a stalemate in the market trend.

3 Price Prediction

Raw material cost support is insufficient, and terminal demand continues to weaken, making it difficult for market transactions to improve. Holders remain cautious, mainly purchasing based on order volume due to risk-averse sentiment. The PMMA market is expected to show a slight downward trend tomorrow. Attention should be paid to other factors affecting the market and industry sentiment.

PBT: No positive support for the time being, the PBT market continues to be weak.

1 Today's Summary

Some PBT manufacturers have lowered their prices.

②There were fewer maintenance operations on the PBT unit this week.

③ The PBT output for this period was 21,300 tons, a decrease of 1,300 tons from the previous period, down by 5.75%. The capacity utilization rate was 50.18%, a drop of 2.96% compared to the previous period. 。 This week, the average gross profit of domestic PBT is -437 yuan/ton, up 111 yuan/ton from the previous week.

2 Spot Overview

Table 1 Domestic PBT Price Summary (Unit: RMB/ton)

Based on the East China region, the mainstream price of medium and low viscosity PBT resin is 7,700-8,100 yuan/ton today, stable compared to the previous working day. Today, the PBT market is weak and in a wait-and-see mode. The PTA market has slightly rebounded, while the BDO market continues its downward trend. With no positive expectations on the fundamental side, the sentiment in the PBT market remains pessimistic. Some manufacturers have lowered their quotations, and the overall market is operating weakly. According to Longzhong Information, the price of low-viscosity PBT pure resin in the East China market is 7,700-8,100 yuan/ton.

3 Price Prediction

The PBT market is expected to remain weak and fluctuate. On the raw material side, PTA supply continues to shrink, resulting in a tight supply-demand balance, ongoing inventory reduction, and a strong performance for raw materials, which firmly supports costs. In the short term, the PTA spot market is likely to remain strong. For BDO, the supply-demand contradiction persists, with prevailing cautious bearish sentiment in the market. Suppliers are eager to sell, and transactions for just-in-time small orders are mostly at the lower end. As raw material prices continue to decline, the overall atmosphere in the PBT market is not optimistic, and the market focus may follow the downward trend. Therefore, according to Longzhong’s forecast, the price of medium- and low-viscosity PBT resin in the East China market is expected to be 7,650-8,050 RMB/ton tomorrow.

POM: Strong Fundamental Support, Market Trend is Steady and Firm

1. Today's Summary

The spot supply of petrochemical plants is tight.

2. The market trend is relatively firm.

2 Current Spot Overview

Table 1: Summary of Domestic POM Prices (Unit: Yuan/Ton)

Based on the Yuyao region, today’s price of YunTianHua M90 is 11,000 yuan/ton, remaining stable compared to the previous period.Today, the POM market remained stable. Supply remains firm, and petrochemical plants have no inventory pressure. Mainstream market offers continue to stay at a high level, with traders mainly following the market trend. Actual transactions are made based on demand. As of closing, the tax-included price for domestic POM in the Yuyao market was 8,100–11,200 RMB/ton, while the cash price in the Dongguan market was 7,300–10,400 RMB/ton.

3. Price Prediction

At the beginning of the week, there is limited guidance information from various regions, and the total inventory of manufacturers is relatively low, with ex-factory prices remaining firm and strong fundamental support. However, terminal demand is slow to follow up, leading to a heavier market wait-and-see atmosphere. Downstream factories mainly focus on digesting existing inventory, making it difficult for large-scale procurement in the short term. Traders are appropriately increasing the negotiation space, with flexible real-time discussions. Longzhong expects that the domestic POM market will observe and consolidate in the short term.

PC: The domestic PC market is weak and stagnant today.

1. The current closing price in the mainstream market

2. Market Overview

The domestic PC market remained weak and stagnant today. The mainstream price intention for domestic PC sources in East China is between 11,000-11,600 yuan/ton, temporarily stable compared to the previous trading day. In South China, the mainstream price intention for domestic PC sources is between 11,200-11,600 yuan/ton, also stable compared to the previous trading day. For foreign sources, the market is weak and stagnant, with the mainstream price of East China Lotte 1100 at 11,700-11,700 yuan/ton, stable compared to the previous trading day; the mainstream price of South China Covestro 2805 is 14,500-14,500 yuan/ton, down 50 yuan/ton compared to the previous trading day. The price of raw material bisphenol A continued to decline during the trading day, forming a bearish impact on the PC market, and there is still a bearish sentiment among industry players. During the trading day, most offers from holders remained stable, downstream procurement remained sluggish, with localized source transactions slightly lower in negotiations, and the market atmosphere for new orders was sparse.

PA6: Downstream sentiment is cautious with limited demand; the PA6 market operates weakly.

1 Today's Summary

①、 Sinopec's weekly settlement price for caprolactam is 9,575 RMB/ton (six months acceptance without interest), with a retrospective adjustment of 160 RMB/ton from last month's settlement price.

② Sinopec Pure Benzene Refineries in East China and South China The price will increase by 100 yuan/ton, to be implemented at 6050 yuan/ton, effective from July 29.

2 Spot Market Overview

Table 1 Summary of Domestic Polyamide 6 Prices (Unit: RMB/ton)

Today, the nylon 6 market is operating weakly. The price of the raw material caprolactam is falling, but the profit from the chips is in loss, and cost pressure still exists. Due to cautious purchasing sentiment among enterprises, limited demand, and a trend towards lower negotiated market prices, transactions are limited. In East China, conventional spinning PA6 is priced at 9,250-9,650 RMB/ton with short-term cash delivery, and high-speed spinning at 9,800-10,000 RMB/ton with acceptance delivery. In Chaohu, the cash self-pickup price is 8,600-8,700 RMB/ton.

3 Price Forecast

From the cost perspective, the caprolactam market may experience slight adjustments, with continued cost pressure on the chips. On the supply and demand side, some domestic facilities are planning short-term maintenance, which may slightly reduce supply. However, downstream sentiment remains cautious with just-in-time replenishment. It is expected that the PA6 market will slightly weaken and consolidate in the near future.

PA66: Moderate demand, market consolidating.

1 Today's Summary

①, [Longzhong] 8/8: The market is cautious about the developments in the Russia-Ukraine situation, combined with traders covering their short positions, leading to a rise in international oil prices. NYMEX crude oil futures September contract is steady at $63.88 per barrel compared to the previous trading day; ICE Brent oil futures October contract rose by $0.16 to $66.59 per barrel, an increase of 0.24% on a weekly basis. China's INE crude oil futures October contract fell by 6.9 to 493 yuan per barrel, and the night session dropped by 1.3 to 491.7 yuan per barrel.

The current domestic PA66 capacity utilization rate is 60%, with a daily production of about 2,300 tons. Despite the pressure from costs and demand, the capacity utilization rate of domestic polymer 66 enterprises remains stable. However, the downstream demand is average, and the domestic PA66 industry has a sufficient supply of goods.

2 Spot Overview

Table 1 Domestic PA66 Price Summary (Unit: RMB/ton)

Based on the Yuyao market in East China, today's EPR27 market price reference is 15,400-15,600 RMB/ton, remaining stable compared to yesterday's price. 。 Raw material prices fluctuate, providing stable cost support. Downstream purchases are made as needed, with little fluctuation in market fundamentals. The market operates with oscillating trends.

3 Price prediction

The cost side provides stable support, downstream purchases as needed, the market supply is stable, and the fundamentals fluctuate little. It is expected that the domestic PA66 market will operate steadily in the short term.