The Atmosphere Of Raw Material Market Is Quiet And The Market Is Weak(2)

Jun 09, 2022

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Polyvinyl chloride (PVC): the market atmosphere was quiet and the market fell slightly.



1.At present, the market is stagnant and in a dilemma. On the one hand, under the drag of the transaction, there is obvious resistance to the good market; On the other hand, the comprehensive cost has not been completely lost, and even if the price falls, the space is limited. Traders are cautious and most of them are on the lookout. For chlor alkali enterprises, the quotation is based on their own inventory. It is expected that the PVC market may be consolidated in the near future.


2.At the weekend, the mainstream price of ethylene general powder was ¥9500-9750. Qilu Petrochemical S-700 was ¥9650 yuan, down ¥50 yuan. Qilu Petrochemical S-1000 is ¥9500 yuan. Tianjin lejin ls-100 has no quotation. Tianjin Dagu slk-1000 was¥9750 yuan, down ¥50 yuan.


3.The latest price in Asian PVC market is 1391-1393 USD / ton (CFR Far East); USD 1470-1472 / ton (CFR Southeast Asia), both stable.



ABS resin: the market trading was weak, and most of the market fell.



1.At the weekend, the mainstream quotation of domestic ABS was ¥14300-15200 yuan. Among them, Jilin Petrochemical 0215a was ¥14300 yuan, down ¥150 yuan. LG Yongxing hi-121h was ¥14750 yuan, down ¥250 yuan. Ningbo Taihua ag15a1 was ¥15200 yuan, down ¥200 yuan. Zhenjiang Qimei d-180 is ¥15000 yuan. Zhenjiang Qimei pa-757k was ¥15050 yuan, down ¥50 yuan.


2.The price of imported ABS is ¥15700-17800 yuan. Among them, Taiwan Qimei 757 was ¥17800 yuan, down ¥200 yuan. South Korea LG hi-121 was ¥15700 yuan, down ¥100 yuan. Ineos Benz gp-22 is ¥15800 yuan.


3.At present, although the international crude oil and styrene monomers are both operating at a high level, due to no one receiving the goods, the pressure of petrochemical enterprises has increased, and some manufacturers have introduced price reduction policies, which has led to the rise of bearish sentiment in the market. Whether it is intermediate traders or end users, it is always difficult to make a breakthrough in the current situation of low turnover due to heavy wait-and-see mood and low operating enthusiasm. It is expected that the ABS market may face some pressure in the short term.