Summary: On March 21, a summary of prices and forecasts for general and engineering plastics in the plastic market! General materials saw a narrow decline, with a bearish market sentiment, PP and PE continued to fall; with weak supply and demand, the price center of PVC fluctuated weakly; the PS and ABS markets were mainly characterized by price reductions, with some falling by 20-70; the EVA market fluctuated weakly. Most engineering materials remained stable, with the polyester bottle chip market rising slightly by 30; individual PA6 fell by 100; the maximum drop for PA66 was 250; PC, PBT, POM, and PMMA operated weakly and steadily.
general material
PE：Demand remains weak, polyethylene prices fall
1today's summary
3/20: The US continues to strengthen sanctions against Iran, and the instability in the Middle East brings potential supply risks, leading to an increase in international oil prices. NYMEX crude oil futures 04 contract rose by $1.10 per barrel to $68.26, a sequential increase of +1.64%; ICE Brent oil futures 05 contract increased by $1.22 per barrel to $72.00, a sequential increase of +1.72%. China's INE crude oil futures main contract 2505 rose by 0.6 to 522 yuan per barrel, and the night session increased by 12.1 to 534.1 yuan per barrel.
②、Today's HDPE market price fell, with a range of 8-28 yuan/ton; LDPE market price fell, with a range of 22 yuan/ton; LLDPE market price fell, with a range of 18 yuan/ton.
2spot overview
Table 1 Domestic Polyethylene Closing Price Summary (Unit: Yuan/Ton)
Today, the domestic polyethylene spot market prices have fallen. International crude oil has stopped falling and rebounded, slightly improving market sentiment, but with ample spot resources, traders are actively selling to offset the decline. However, downstream demand remains limited, and the enthusiasm for purchasing is low, resulting in no significant increase in transactions. There are insufficient positive factors on the market, making it difficult to push prices up, and the overall imbalance between supply and demand continues. HDPE market prices have decreased by 8-28 yuan/ton; LDPE market prices have decreased by 22 yuan/ton; LLDPE market prices have decreased by 18 yuan/ton.
3, price prediction
In the short term, crude oil prices may remain at a high level with volatility, thus providing some support to the polyethylene market. However, downstream factories are resistant to high-priced supplies, and most enterprises adopt a 'buy as needed' strategy. Against the backdrop of weak demand, the cost support effect is limited. It is expected that the polyethylene market will not see significant improvement in the short term, and polyethylene prices may continue to follow a downward trend.
PP：Demand performance is poor, polypropylene market fluctuates within a range
1today's summary
①、Petrochemical South China PP price reduction: Maoming 8003 down 50 to 7700, M09 down 100 to 7750; Hainan F03D down 50 to 7550, F03G down 50 to 7600; Zhongke 548R down 50 to 7650. PetroChina South China PP price reduction: Guangdong L5E59/7430, L5D98/7430, GH12M/7500,K8003/7620。
②、Today, the domestic polypropylene shutdown impact volume increased by 0.55% to 17.54%. Details of today's domestic PP maintenance changes: Jinneng Chemistry Line 2 (450,000 tons/year) PP unit is shut down for maintenance. Shanghai Petrochemical Line 1 (100,000 tons/year) PP unit is shut down for maintenance. The daily production ratio of fiber decreased by 0.55% to 23.59%, mainly due to Guangdong Petrochemical Line 1 switching to other products.
③, This week (20250307-0314) the supply-demand gap continued to widen to 96,500 tons. The demand did not meet expectations, leading to a slower digestion of goods. The decrease in maintenance losses resulted in a larger increase in supply than the pace of demand absorption, causing the supply-demand gap to unexpectedly widen.
2spot overview
Table 1 Summary of Domestic Polypropylene Prices (Unit: Yuan/Ton)
With the East China region as the benchmark, the polypropylene fiber closed at 7343 yuan/ton today, unchanged from yesterday, in line with the morning's expectations.Futures narrowly rose, and today's polypropylene prices fluctuated within a range. International oil prices significantly increased, enhancing cost support. The futures market showed a positive trend, but the downstream factories' follow-up was limited, with general enthusiasm for spot purchases. Market traders mainly adopted a cautious profit concession strategy, focusing on real transactions. By midday, the mainstream price of drawing in East China was between 7260-7420 yuan/ton.
3, price prediction
Short-term international oil prices are expected to maintain a wide range of fluctuations, with limited support from the cost side. From the demand side, due to limited new orders, the willingness to enter the market for procurement is poor, mostly choosing to replenish low-rigid needs, providing limited support to the market. On the supply side, there is no new capacity expansion, and some facilities still have maintenance plans, making the supply pressure manageable. It is expected that the polypropylene market will fluctuate within a range next week, with the mainstream price of drawing in East China ranging from 7260 to 7420 yuan per ton.
PVC：PVC supply and demand are both weak, price center fluctuates weakly
today's summary
①、Domestic PVC manufacturers' ex-factory prices are stable;
②、PVC production enterprises' regular annual leave starts to increase in April;
③、This week, the volume of PVC export orders slowed down on a weekly basis, with the main focus on delivering export goods.
2spot overview
Table 1 Domestic PVC Spot Price Summary (yuan/ton)
Using the East China Changzhou market as a benchmark, today's cash warehouse withdrawal price for Type V calcium carbide in the East China region is 4820 yuan/ton, remaining stable compared to yesterday's price.。
The PVC supply and demand pattern shows weakness, with a lackluster market trading atmosphere, slow inventory digestion in the industry, and mainly stagnant spot market prices; influenced by the weak performance of the black energy sector, the market trend is downward, with some spot transaction prices being adjusted downwards. In the East China region, the cash warehouse withdrawal price for the five-type calcium carbide method is 4800-4950 yuan/ton, and for the ethylene method, it is 4950-5200 yuan/ton.
3.price forecasttest
The domestic PVC market's supply and demand fundamentals are both weak. The resumption of production by upstream manufacturers has been delayed, and with additional maintenance scheduled for next week, the supply is expected to decrease slightly in the near term. Currently, foreign trade exports are mainly focused on delivery, and new orders are cautiously seen as weak due to policy instability. Domestic demand remains stable, but new demand is slowing down. In the short term, costs remain firm, and due to the decline in caustic soda prices and the rise in calcium carbide costs, the gross profit margin of the industry has decreased, and the bottom support for enterprises has strengthened. In the short term, there are no major factors affecting the PVC market, and the market will continue to fluctuate within a range. The spot price of the five-type calcium carbide method in the East China PVC market is expected to be in the range of 4800-5000 yuan/ton.
PS：Lack of positive guidance, market mainly focuses on price reduction for sales
3, price prediction
ABS：Merchants' shipping is average, continuing to offer discounts today
1today's summary
①、Today, the market prices in South China continue to fall, and the market prices in East China continue to decline.
②、The monthly production of ABS in March is expected to rise.
2spot overview
Table 1 Domestic ABS Price Summary (Unit: Yuan/Ton)
With Yuyao and Dongguan regions as the benchmark, market prices have decreased.Today, the market prices in Dongguan and Yuyao continue to decline, with terminal demand recovering slowly. The market is filled with negative factors, leading to a continued drop in prices.
3、price prediction
Today, the market prices in South China have partially declined, and the market prices in East China have also declined. Overall, transactions are weak, and traders are having difficulty selling goods. There is currently no significant positive support in the market, and it is expected that domestic ABS market prices will continue to maintain a downward trend next week.
EVA：foaming demand rigid follow-up profit-taking mainly
1today's summary
①、This week, the ex-factory price of EVA petrochemical plants remained stable.
②、This week, the EVA petrochemical plant mostly operated stably.
2spot overview
Table 1 Domestic EVA Price Summary (Unit: yuan/ton)
Today, the domestic EVA market inquiries are relatively weak. Mainstream agents mostly maintain high and stable quotations, but downstream foam demand follows rigid needs. Profitable transactions mainly focus on shipping first, with actual deals revolving around negotiations. Overall, transactions are weak and cautious. At the close: soft materials are referenced at 11,400-11,900 yuan/ton, and hard materials are referenced at 11,300-11,800 yuan/ton.
3.price prediction
In the short term, domestic EVA may continue to maintain a weak and stable fluctuation trend. Under the situation of weak supply and demand, there is a polarization between the foam and photovoltaic markets. The photovoltaic sector has a preference for support, with domestic EVA manufacturers showing a strong market presence, and agents mostly maintaining stable operations. However, the downstream foam terminal demand is slow to follow, leading to obstacles in the transmission of supply-side benefits, making it difficult to effectively increase transactions. Operators mainly adopt a cautious approach, following the market, and the game between supply and demand continues. Longzhong Information expects that the domestic EVA market will mainly undergo a weak and stable consolidation in the short term.
engineering material
PC：PC market slightly consolidates
1、spot overview
Table 1 Domestic PC Price Summary (Unit: Yuan/Ton)
Today, the domestic PC market saw a slight adjustment. In East China, the mainstream intended price for domestically produced PC sources is 12,200-12,600 yuan/ton, remaining stable compared to the previous trading day. In South China, the mainstream intended price for domestically produced PC sources is 12,250-13,000 yuan/ton, also temporarily stable compared to the previous trading day. For foreign-funded sources, the prices of a few sources are temporarily stable. The mainstream price of Lotte 1100 in East China is 12,800-12,900 yuan/ton, remaining stable compared to the previous trading day; the mainstream price of Covestro 2805 in South China is 15,150-15,300 yuan/ton, also stable compared to the previous trading day. During the trading day, the price of raw material bisphenol A showed a slight downward trend with sparse transactions. There was limited change in market news during the trading day, and industry players mainly adopted a wait-and-see attitude. Downstream purchasing enthusiasm was average, leading to a lukewarm real transaction volume, with supply and demand gradually becoming stagnant.
2. price prediction
It is expected that the PC market will experience low-level fluctuations in the near future. The specific reasons are as follows:
supplySupply is generally ample, with industry players mostly focusing on factory maintenance news
Requirements:
Input format:downstream gradually enters raw material digestion cycle
cost:Raw material bisphenol A bottomed out, forming a negative impact on the PC market
PET：narrow upward trend in the polyester chip market
1today's summary
①、Wankai, China Resources, Yizheng up 30, Yuan Textile, Taibao up 50, other factories stable (unit: yuan/ton)
②、Today, the domestic polyester bottle chip capacity utilization rate is 70.63%.
2spot overview
Table 1 Summary of Domestic Polyester Chip Prices (Unit: Yuan/Ton)
Using the East China region as a benchmark, today's polyester bottle chip water bottle grade spot price closed at 6100 yuan/ton, up 30 from the previous working day, in line with early expectations.
Crude oil boost, raw material prices fluctuate, some polyester bottle chip factories raise quotes by 30-50, others remain stable, market focus rises accordingly. Low-priced goods are reduced, March-April goods are quoted at 6070-6160, with some local goods slightly higher at 6250; it is heard that actual transactions are made at 6060-6150, downstream rigid demand replenishment. Basis changes little, contract 2505 discount of 10 to premium of 70, trading remains stagnant.
3、price prediction
As the maintenance units restart, the supply-side pressure increases, and with the end of the month approaching, some factories are urging for goods pickup. Downstream demand is mediocre, and some holders are under increased pressure to sell, leading to a phenomenon of selling at low prices. In the short term, the support from raw materials PX and PTA is weak, and it is expected that the polyester bottle chip market will be in a weak consolidation next week, with the spot price of polyester bottle chip water bottle material expected to operate within the range of 6030-6130.
POM：Guidance messages are limited, POM market consolidates and observes
today's summary
The total inventory of POM manufacturers continues to rise.
②、The weak market trend continues in various regions, with a focus on practical negotiations.
2spot overview
Table 1 Domestic POM Price Summary (Unit: Yuan/Ton)
Taking the Yuyao region as a reference, today's Yun Tianhua M90 is priced at 14200 yuan/ton, with limited price fluctuation.Today's POM market is in a consolidation and observation phase. The shipment situation in various regions has not improved, and the inventory of petrochemical plants continues to increase, intensifying the market's wait-and-see atmosphere. The operational pressure on traders has increased, and the procurement enthusiasm of end-users is not high. Actual transactions are negotiated based on volume. The main offer price range is 10,500-14,500 yuan per ton.
3、price prediction
POM shipping pressure continues to increase, with no effective support from the fundamentals. The market's bearish sentiment is deepening, and traders' operating mentality will hardly improve. End-users are cautiously observing, and short-term purchasing enthusiasm is not high, with sporadic real transactions based on rigid demand. It is expected that the domestic POM market will operate weakly in the short term.
PBT：PBT price remains stable and consolidates
1、spot overview
Table 1 Domestic PBT Price Summary (Unit: Yuan/Ton)
Today, the main transaction range in the East China market is 8000-8300 yuan/ton, with the average price remaining stable compared to the previous working day. International crude oil prices have risen, and PX plant maintenance has strengthened the cost support for PTA, leading to an increase in today's PTA market prices. BDO market prices are consolidating within a narrow range. Overall, the cost-side support is limited; from the perspective of supply and demand, downstream demand remains at a low level with small orders, and the spot market trading is quiet. Today, there were only sporadic transactions in the mainstream market, and the main transaction prices remained stable compared to the previous working day.
2, price prediction
Demand recovery is slow, and it is expected that PBT prices will remain stable in the near term. The specific reasons are as follows:
supply:Some mainstream enterprises' facility capacities are about to start, ensuring ample market supply.
requirements:
input format:Downstream factories are well-stocked before the holiday and maintaining a wait-and-see attitude.
cost:Raw material PTA expected price to rise slightly, BDO market price remains stable, PBT in-field cost support is limited.
PA6：sliced profit loss market weak consolidation
1today's summary
①、The weekly settlement price of Sinopec's caprolactam is 10,720 yuan/ton (six-month acceptance interest-free), a decrease of 150 yuan/ton from last week.
②, Sinopec's pure benzene prices in East China and South China have been reduced by 100 yuan/ton, to be implemented at 6950 yuan/ton, effective from March 18.
2spot overview
Table 1 Domestic Polyamide 6 Price Summary (Unit: Yuan/Ton)
Today, the polyamide 6 chip market continues to decline, with a weak market atmosphere persisting. The raw material caprolactam market is at a low consolidation, but downstream producers of chips are choosing to replenish stocks at lower prices, with overall demand being limited. Market transaction prices are trending lower, leading to industry profit losses and market pressure. In East China, the cash and short delivery price for regular spinning general PA6 is 10300-10600 yuan/ton, while the acceptance delivery price for high-speed spinning spot is 11300-11800 yuan/ton. The self-pickup cash price in Chaohu is 9550-9650 yuan/ton.
3、price prediction
From the cost perspective, the caprolactam market is at a low level, and attention should be paid to the subsequent maintenance and load reduction of raw material enterprises; from the supply and demand perspective, some polymer enterprises still face inventory pressure, and some enterprises have maintenance plans for later, but the overall downstream mentality is cautious. It is expected that the recent polyamide 6 market will operate with a weak adjustment, and close attention should be paid to the downstream demand and manufacturer price adjustment dynamics.
PMMA：Demand for PMMA particles market fluctuates limitedly
today's summary
Today's factory quotes are stable.
②、Today, the domestic PMMA particle utilization rate is 64%.
2spot overview
Table 1 Domestic PMMA Particle Price Summary (Unit: Yuan/Ton)
With the East China region as the benchmark, today's PMMA particle price closed at 17,000 yuan/ton, unchanged from yesterday, in line with the morning expectations.Today's PMMA particle market price remains stable, demand is weak, the room for negotiation and concession by suppliers is limited, the market sentiment is mostly观望 (watching/observing), the purchasing power of end-users is limited, some are executing previous orders, actual transactions are maintaining just the necessary demand, and in the short term, the market will mainly be in a state of consolidation.
Note: The term "观望" can be translated as "watching" or "observing" in this context, indicating a cautious or wait-and-see attitude.
3, price prediction
The short-term PMMA particle market maintains the status quo, with stable fundamental performance. Buyers and sellers continue to negotiate, and there is a possibility of minor concessions in discussions. The trading atmosphere in the market appears slightly sluggish. In summary, changes in supply and demand are limited. It is expected that the short-term PMMA particle market will mainly focus on consolidation, with actual transactions to be followed up. Downstream demand remains at the level of rigid purchases, and the short-term fluctuations in the PMMA particle market are limited.
PA66downstream demand is weak, market transaction focus shifts downward
1、spot overview
Table 1 Domestic PA66 Price Summary (Unit: Yuan/Ton)
Today's PA66 market price has decreased. The representative market, East China EPR27, has a mainstream transaction price of 16900-17000 yuan/ton, a decrease of 150 yuan/ton from the previous period. Downstream demand is weak, and the market transaction focus has shifted downward.
3, price prediction
It is expected that the PA66 market price will remain stable in the near term. The specific reasons are as follows:
requirements:
input format:Downstream demand is weak, negatively impacting market prices.
profit:Profit under pressure, cargo holders cautiously quote prices.
supplyThe PA66 factory's operating load rate is at 56%, with ample supply.
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