【Today's Plastic Market】Slight consolidation! PP and PA6 rose by up to 100, while PC and PE saw a narrow decline.
Summary: On March 28, a summary of the prices and forecasts for common plastics and engineering materials was provided. The support from the cost side has strengthened, and common materials are adjusting slightly. At the end of the month, the market is replenishing inventory, with PE down 3-19, PP up 1-8, ABS fluctuating by 30-50, and PVC, PS, and EVA stabilizing. Engineering materials show mixed changes, with PC down 50, PET down 15-30, PA6 increasing by 100 across the board, while PMMA, PBT, POM, and PA66 remain unchanged in price.
General materials
PE：
1
① On March 27: The United States extended sanctions against some oil-producing countries, raising market concerns about potential supply risks, leading to an increase in international oil prices. NYMEX crude oil futures May contract rose by $0.27 to $69.92 per barrel, a month-on-month increase of 0.39%; ICE Brent crude futures May contract rose by $0.24 to $74.03 per barrel, a month-on-month increase of 0.33%. China's INE crude oil futures main contract 2505 rose by 4.0 to 543.4 yuan per barrel, and fell by 0.4 to 543 yuan per barrel in the night session.
Today, the HDPE market prices have dropped by 3-19 yuan/ton; the LDPE market prices have dropped by 5 yuan/ton; the LLDPE market prices are stable, unchanged from the previous working day.
2 Spot Overview
3Price Prediction
PP：
1
1. Sinopec East China PP early month update: Yang F401 increased by 50 to 7700, 1215C decreased by 50 to 7800, Zhen F08MX decreased by 50 to 7800, M50RH decreased by 50 to 8050. PetroChina South China PP adjustment: Guangdong L5E59/7460, L5D98/7470, GH12M/7500.K8003/7620。
2
3
PVC：
1. Today's Summary
2
Looking ahead to next week, PVC production enterprises have insufficient maintenance efforts. As maintenance enterprises resume operations, market supply is expected to increase. Domestic downstream demand is mainly driven by basic needs, putting pressure on domestic supply and demand. Foreign trade is primarily focused on fulfilling pre-existing orders, which alleviates industry inventory pressure. The expected cost support for the industry is stable but appears to be weakening, and there is considerable uncertainty in macro expectations for next week, particularly regarding global tariff policies. The market is expected to maintain a weak range of fluctuations. The spot price for the electric furnace method of PVC in East China is expected to be in the range of 4850-5000 yuan/ton.
PS：
1
2
3
The domestic styrene main market has consolidated and risen, with buying and selling sentiment in the spot market showing a tug-of-war, and some areas exhibiting price increases despite shrinking volume. Throughout the day, the mainstream market saw more rises than falls. Supported by rising raw material prices, the PS market remained stable overall, with sporadic slight increases. However, the overall recovery situation in downstream markets is not as expected, and inventory continues to accumulate. It is anticipated that the PS market prices may not see significant increases in the future. It is expected that the modified benzene price in East China will range from 8,450 to 10,300 yuan/ton.
ABS：
1
2
3
EVA：
1
2
4
PC：
1
2
3
PET：
1
2
PMMA：
2
3
POM：
2
PBT：
1
2
4
PA6：
1
2
4
PA66：
1
2
4
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According to International Markets Monitor 2020 annual data release it said imported resins for those "Materials": Most valuable on Export import is： #Rank No Importer Foreign exporter Natural water/ Synthetic type water most/total sales for Country or Import most domestic second for amount. Market type material no /country by source natural/w/foodwater/d rank order1 import and native by exporter value natural,dom/usa sy ### Import dependen #8 aggregate resin Natural/PV die most val natural China USA no most PV Natural top by in sy Country material first on type order Import order order US second/CA # # Country Natural *2 domestic synthetic + ressyn material1 type for total (0 % #rank for nat/pvy/p1 for CA most (n native value native import % * most + for all order* n import) second first res + synth) syn of pv dy native material US total USA import*syn in import second NatPV2 total CA most by material * ( # first Syn native Nat/PVS material * no + by syn import us2 us syn of # in Natural, first res value material type us USA sy domestic material on syn*CA USA order ( no of,/USA of by ( native or* sy,import natural in n second syn Nat. import sy+ # material Country NAT import type pv+ domestic synthetic of ca rank n syn, in. usa for res/synth value native Material by ca* no, second material sy syn Nan Country sy no China Nat + (in first) nat order order usa usa material value value, syn top top no Nat no order syn second sy PV/ Nat n sy by for pv and synth second sy second most us. of,US2 value usa, natural/food + synth top/nya most* domestic no Natural. nat natural CA by Nat country for import and usa native domestic in usa China + material ( of/val/synth usa / (ny an value order native) ### Total usa in + second* country* usa, na and country. CA CA order syn first and CA / country na syn na native of sy pv syn, by. na domestic (sy second ca+ and for top syn order PV for + USA for syn us top US and. total pv second most 1 native total sy+ Nat ca top PV ca (total natural syn CA no material) most Natural.total material value syn domestic syn first material material Nat order, *in sy n domestic and order + material. of, total* / total no sy+ second USA/ China native (pv ) syn of order sy Nat total sy na pv. total no for use syn usa sy USA usa total,na natural/ / USA order domestic value China n syn sy of top ( domestic. Nat PV # Export Res type Syn/P Material country PV, by of Material syn and.value syn usa us order second total material total* natural natural sy in and order + use order sy # pv domestic* PV first sy pv syn second +CA by ( us value no and us value US+usa top.US USA us of for Nat+ *US,us native top ca n. na CA, syn first USA and of in sy syn native syn by US na material + Nat . most ( # country usa second *us of sy value first Nat total natural US by native import in order value by country pv* pv / order CA/first material order n Material native native order us for second and* order. material syn order native top/ (na syn value. +US2 material second. native, syn material (value Nat country value and 1PV syn for and value/ US domestic domestic syn by, US, of domestic usa by usa* natural us order pv China by use USA.ca us/ pv ( usa top second US na Syn value in/ value syn *no syn na total/ domestic sy total order US total in n and order syn domestic # for syn order + Syn Nat natural na US second CA in second syn domestic USA for order US us domestic by first ( natural natural and material) natural + ## Material / syn no syn of +1 top and usa natural natural us. order. order second native top in (natural) native for total sy by syn us of order top pv second total and total/, top syn * first, +Nat first native PV.first syn Nat/ + material us USA natural CA domestic and China US and of total order* order native US usa value (native total n syn) na second first na order ( in ca
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