[Today's Plastics Market] Strong Raw Material Support, Plastics Accelerate Rise! PA Surges 700

Summary: Translate the above content into English, output the translation result directly, without any explanation.On March 4th, the prices and forecasts for general and engineering plastics in the plastic market were summarized. Raw material trends are strong, and the plastic market is surging! In the general plastics sector, PE and PP are rising across the board, with the highest increase being 420; the upward trend of PVC continues, with a full range adjustment of 10-90; ABS prices continue to rise, with a full range increase of 200-600. In the engineering plastics sector, the PC market is experiencing a violent increase, with some rising 700-900; PET continues to rise by 40-70; PA6 continues its upward trend, with a significant increase of 400-700; some POM grades are adjusted up by 500 from the factory; PET continues to rise by 40-70; PA66 is at a high, with an increase of 400.

General Materials

PE: Raw material prices are strong, leading to an increase in market prices.

1. Today's Summary

① The conflict among the United States, Israel, and Iran continues, compounded by the closure of the Strait of Hormuz, heightening supply concerns and driving up international oil prices. NYMEX crude oil futures (April contract) rose by $3.33 per barrel to $74.56, an increase of 4.67% week-on-week; ICE Brent crude oil futures (May contract) rose by $3.66 per barrel to $81.40, an increase of 4.71% week-on-week.

②、 The HD PE market price fluctuated by 196-296 yuan/ton, the LDPE market price increased by 420 yuan/ton, and the LLDPE market price increased by 216 yuan/ton.

2. Spot Market Overview

Cost-side support remains strong, but downstream factories are increasingly resistant to high prices, offering little further direction; the market is primarily focused on absorbing recent price increases, with trading activity slowing slightly. Strong international crude oil prices and shipping disruptions in the Middle East have provided clear cost support, compounded by firm petrochemical ex-works prices and tight local supply, leading to generally firm spot market quotations. HDPE prices changed by RMB 196–296/ton, LDPE prices rose by RMB 420/ton, and LLDPE prices increased by RMB 216/ton.

3. Price Prediction

In the short term, the strong international crude oil prices and the cost support from the disruption of Middle East shipping, coupled with firm petrochemical ex-factory prices and tight local supply, have generally kept spot quotations firm; however, the slow pace of downstream resumption, with mainly small orders based on rigid demand, limits the acceptance of high prices, and the market is cautious about chasing higher prices. It is expected that the polyethylene market price will maintain an upward trend tomorrow, but the rate of increase will slow down, with an adjustment range of 100-300 yuan/ton.

Cost Drives Price Trends Polypropylene Prices Continue to Rise

Today's Summary

Sinopec Central China PP prices have been raised: raffia, BOPP film grade, injection molding, and fiber grades up by RMB 200/ton; thin-wall grades up by RMB 150–200/ton; and Sino-Korean copolymer grades up by RMB 100–200/ton.

② Today, the domestic polypropylene plant shutdown impact remained unchanged from yesterday at 21.17%. The daily production share of homopolymer (raffia-grade) PP increased by 2.73 percentage points to 31.26%, while the daily production share of low-melt copolymer PP rose by 1.32 percentage points to 7.79%.

③, This period (20260213-0226) supply remains greater than demand, with a positive supply-demand difference maintaining at a high level, exerting downward pressure on market prices. Next period, market supply and demand will improve rapidly but still remain in a surplus situation, which will continue to exert downward pressure on prices.Polypropylene MarketPrice still acts as a constraint 。

2 Spot Market Overview

Data source: Longzhong Information

Taking the East China region as the benchmark, the spot price of polypropylene for drawing today is 7306.yuan/ton, up 184 yuan/ton from yesterday, with the national drawing average up 208 yuan/ton from yesterday, in line with early expectations.

Today's futures market rose to a high before retreating and entering a period of consolidation. This morning, the market quotes continued to rise, but the increase was slightly narrower. The situation in the Middle East remains the dominant factor affecting the market, with ongoing concerns. Merchants are following the trend and selling, and factories are purchasing based on their needs. It is expected that the market will continue to explore higher levels in the near term. As of noon, the mainstream prices for drawing in East China were between 7,200 and 7,350 yuan per ton.

3. Price Prediction

Amidst the geopolitical crisis, crude oil prices have risen rapidly, leading to a follow-up increase in market prices. The atmosphere of speculation within the market has slightly eased, with the increase in spot prices moderating. Downstream production enterprises are caught in a buying-up trend, and businesses with rigid demand have no choice but to purchase at high prices. It is expected that the polypropylene market will show a strong trend tomorrow, with costs dominating the spot price movements. The estimated price for drawing polypropylene in East China is 7350-7450.yuan/ton.

PVC: Rising risk-aversion sentiment extends PVC's upward price trend.

Today's Summary

① Domestic PVC producers raised prices by RMB 40–100 per ton.

② The Jiyuan Fangsheng plant has started a 10-day maintenance shutdown, and the Yantai Wanhua plant has begun a maintenance shutdown lasting more than half a month.

③、 In February 2026, China’s manufacturing Purchasing Managers’ Index (PMI) stood at 49.0%, the non-manufacturing business activity index at 49.5%, and the composite PMI output index at 49.5%.

2 Spot Market Overview

Based on the Changzhou market in East China, the cash warehouse price of type V acetylene method PVC in the East China region is 4770 yuan/ton today, an increase of 90 yuan/ton from the previous day. 。

The domestic PVC spot market rose in a volatile manner, driven by cost pressures and uncertainty in upstream raw material supply. Derivative prices continued to climb during trading sessions, leading to reluctance among sellers to offer low-priced spot goods. Spot prices on a fixed-price basis remained on an upward trend, with East China spot prices for calcium carbide-based suspension-grade PVC ranging from RMB 4,700 to 4,840 per ton, and ethylene-based PVC quoted between RMB 4,900 and 5,100 per ton, all on a cash-and-carry basis.

3. Price forecast

Domestic PVC spot market prices continued to rise, driven by market uncertainty over crude oil and its derivatives' prices and supply. Elevated feedstock costs and supply concerns have led to reduced derivative output, prompting PVC producers to further raise ex-works prices during the week. As a result, spot market prices have been passively pushed higher by increased production costs. However, after the price hikes, trading volumes faced significant resistance. In the short term, supply and demand remain in a stalemate, and spot price volatility continues to hinge primarily on upstream crude oil and derivative-related risks, maintaining a trend of passive upward pressure on prices.

PS: Cost-driven bias is strong, PS market prices are rising.

1 Today’s Summary

① Today, the East China GPPS price increased by CNY 350/ton to close at CNY 8,700/ton.

Today, the styrene market in East China increased by 20 to 8175 yuan/ton, in South China by 50 to 8275 yuan/ton, and in Shandong by 105 to 8115 yuan/ton.

2 Spot Market Overview

Longzhong Information Statistics Today, GPPS in East China rose by 350 yuan to close at 8,700 yuan/ton. The impact of geopolitical situation continues, with styrene raw materials remaining strong, providing strong cost support. The supply and demand of industry resources are temporarily in balance, with trading prices remaining stable and continuing to rise.

3 Price Forecast

Styrene feedstock is expected to consolidate with a bullish bias, supported strongly by costs. Industry supply is recovering, yet inventory pressure remains manageable; downstream factories are gradually resuming operations, and overall supply-demand pressure is moderate. In the short term, the PS market still has upside potential.

ABS: Factory prices continue to rise; prices increase across the board today.

1 Today's Summary:

① Today's price in East China rose sharply; prices in South China rose sharply, and the market saw brisk transactions today.

② ABS monthly production increased month-over-month in March.

2 Spot Market Overview:

With Yuyao and Dongguan as the benchmark, the price in the East China region has surged, and the price in the South China region has also surged. The market transaction price surged today, manufacturers continued to raise their factory prices, and the market continued to chase higher prices, with prices continuing to rise.。

3 Price Forecast:

With Yuyao and Dongguan as the benchmark, the market prices in the East China region have risen sharply, and the market prices in the South China region have also increased. Today, the market rose across the board. Affected by geopolitical factors, the prices of the three major raw materials continued to increase, and traders’ prices moved upward. ABS prices are expected to remain relatively strong tomorrow.

Engineering Materials

Market accelerates its rise

1 Today's Summary

①、 On Tuesday, international crude oil rose, with ICE Brent May futures up by $3.66 to $81.40 per barrel. 。

②, The closing price of raw material bisphenol A in the East China market was 9100 yuan/ton, an increase of 400 yuan/ton from the previous period.

③. A PC factory in Shandong Province increased its ex-factory price by RMB 500 per ton.

2. Overview of Spot Goods

The domestic PC market has seen a significant increase today. As of the afternoon close, the main negotiation prices for low-end injection molding materials in East China range from 13,200 to 14,400 yuan/ton, while mid-to-high-end materials are negotiated at 16,000 to 16,350 yuan/ton. The domestic market focus has risen by more than 500 yuan/ton compared to yesterday. Most domestic PC factories have not announced the latest factory price adjustments, with only one PC factory in Shandong raising its factory-listed price by 500 yuan/ton. In the spot market, both East China and South China are showing an accelerating upward trend. Stimulated by external news and the overall upward trend of the industrial chain, the quotations in the market are in a state of confusion, with some sellers holding back from selling to observe the further development of the market. The downstream market is following up with moderate demand, but high-price transactions are limited.

3 , Price Prediction

This week, the domestic PC market has accelerated its rise, with the overall trading atmosphere being quite active. In the short term, under the overall upward trend of the industry chain, the enthusiasm for pushing up the PC market remains unabated. The supply side mainly adopts a wait-and-see and hold-back strategy. Influenced by the fear of price increases, the majority of downstream players are passively following. Overall, it is expected that there is still room for the domestic PC market to rise tomorrow, and attention should be paid to the further changes in transactions after the price reaches a high level.

PBT: Supply and demand increase modestly; market remains stable.

1 Summary of the day

Today PBT Manufacturer high and stable.

② This week, Zhejiang Meiyuan and Jiangsu Keyilai PBT Plant start-up.

Last week PBT Output 1.68 Ten thousand tons, an increase from last week. 0.048 ten thousand tons, increase 2.94% Capacity utilization 37.97% , an increase from last week 1.08% 。

2 Spot Market Overview

Currently, the mainstream price of medium and low viscosity PBT resin in East China is 8,000-8,500 yuan/ton, stable compared to the previous working day. Geopolitical disputes continue to escalate, with oil prices driving up raw material costs. Today, PTA prices continued to rise; BDO plant operations have declined, with suppliers mainly maintaining a firm market attitude. The downstream inquiry atmosphere is active, but actual transactions are still limited. Today, PBT downstream factories are gradually resuming production, mainly focusing on digesting previous inventory, with very few new orders, and a strong wait-and-see sentiment.

3 , Price Prediction

It is expected that the PBT market will continue to rise. The situation in the Middle East continues to escalate, and the price of raw material PTA has been increasing continuously, leading to an increase in PBT production costs and a significant adjustment in prices. The BDO price remains stable and high. Affected by the rise in raw material prices, the PBT operating rate is not high, and inventory pressure has eased. With the increase in restocking by downstream sectors, it is expected that the future PBT market trend will be stable and slightly strong. Longzhong estimates that the price of medium and low viscosity PBT resin in the East China market will be in the range of 8,100-8,500 yuan/ton.

PET: Strong raw materials drive the polyester bottle chip market upward further.

1 Today's Summary

The factory's quotation has increased by 100-200 yuan per ton.

② Domestic PET bottle flake capacity utilization rate reached 68.42% today.

2. Spot Market Overview

With East China as the reference, today's polyester bottle chip water bottle grade spot price closed at 6665, up 50 from the previous working day, in line with early expectations.

Crude oil and raw materials remain strong, and polyester bottle chip factories continue to raise prices by 100-200 yuan/ton, with the market center experiencing a rising trend. Today, downstream buyers and traders showed reduced enthusiasm for purchasing, resulting in light trading. It is reported that 3-month cargo transactions were between 6570-6700 yuan/ton. In terms of basis, the mainstream cargo is at a premium of 80-120 yuan/ton for 2605, or 50 yuan/ton for 2606 (unit: yuan/ton).

3. Price Prediction

The situation remains tense, with crude oil and raw materials still on an upward trend. Coupled with the gradual resumption of operations by downstream end-users, polyester bottle chip prices continue to rise, with the spot price for water bottle-grade material in East China expected to be between RMB 6,600 and RMB 6,850 per ton tomorrow.

PA6: Cost support and low inventory sustain the upward trend of chips.

1 Summary of the day

①、 Sinopec high-end caprolactam settlement price in February 2026 was 10,350 yuan/ton (liquid first-grade product, six-month acceptance, self-pickup), an increase of 580 yuan/ton compared to the January settlement price.

②、 Sinopec's refining plants in East China, South China, and Central China have raised the price of pure benzene by 200 yuan/ton, effective at 6800 yuan/ton from March 4.

2 Spot Market Overview

Theprice of pure benzene from Sinopec continues to rise, increasing the cost pressure on polymers, and currently, there is a limited amount of polymer spot goods available for sale, leading to an overall upward trend in the market. It seems there was a slight typo in the translation. The correct translation should be: The listed price of pure benzene from Sinopec continues to rise, increasing the cost pressure on polymers, and currently, there is a limited amount of polymer spot goods available for sale, leading to an overall upward trend in the market. Currently, the East China PA6 conventional spinning grade is priced at RMB 11,800–12,000 per metric ton for cash payment with short-distance delivery; the high-speed spinning grade is priced at RMB 11,300–12,000 per metric ton for delivery with acceptance payment.

3 , Price Prediction

Cost pressures continue to rise, prompting polymerization plants to hike chip ex-factory prices accordingly; meanwhile, the availability of spot polymer is limited recently. Outlook: The PA6 market is expected to maintain an upward trend in the near term.

POM: Some grades increased at shipment, market continues to rise

1. Today's Summary

① Some grades’ ex-factory prices have increased.

②Hebi Longyu's 60,000 tons/year POM plant has resumed operation, and PetroChina Inner Mongolia's 60,000 tons/year POM plant is operating at full capacity.

2 Spot Market Overview

Based on Yuyao region, today’s price for Yuntianhua M90 is RMB 11,900 per ton, an increase of RMB 500 per ton compared to the previous period. Today, the domestic POM market is experiencing a chaotic rise, with some domestic material factory prices increasing. The market is actively following the trend, and there is a great deal of confusion regarding the quotes, with some high prices being heard. The main grades have increased by 300-500 RMB/ton, and some grades are in short supply, with prices not being quoted, and flexible negotiations are the primary approach. By the close of the market, the price range for domestic POM (including tax) in the Yuyao area was 8,900-12,000 RMB/ton, and in the Dongguan area, the cash transaction price was maintained at 8,200-10,900 RMB/ton.

3. Price Prediction

POM The market’s bullish sentiment continues; petrochemical plants face eased selling pressure, market participants maintain a firm stance, traders are reluctant to sell, and prices of certain grades may still rise; actual transactions are subject to negotiation.LoneStar expects the short-term POM market to remain strong and fluctuate.

PA66: Increasing cost pressures lead to a sharp rise in domestic PA66 prices.

1 Today's Summary

② Today, China’s PA66 capacity utilization rate stands at 72%; downstream resumption of operations remains relatively slow, and market spot supply is stable.

2 Spot Market Overview

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

With Yuyao market in East China as the benchmark, today's EPR27 market price is referenced at 17000-17100 yuan/ton, an increase of 400 yuan/ton from the previous trading day, with a price increase of about 2.4%. 。 The rising prices of sebacic acid and hexamethylenediamine provide strong cost support, while downstream demand remains focused on spot purchases, leading to a strong market trend.

3 Price Forecast