Affected by the Sino-US trade disputes, coupled with low inventory and cost support, the latest spot quotations of the five major general-purpose resins in the Far East are different. PVC, PP and PS are resistant to decline, PE is heated by supply, and the price is high. The acceptance of transfer was not high, and the spot price fell by 10 US dollars per ton; ABS, which had once rebounded, also pulled back to settle 40 dollars.
Analysts believe that PVC, PP, EG, and SM are relatively stable due to low inventory and relatively stable demand. The related production plants are Formosa Plastics (1301), Huaxia (1305), Taihua (1326), Ronghua (1704), and South Asia. (1303), Guo Qiao (1312) operating points, became the recommended tracking target.
However, the price of ethylene remained high. The domestic ethylene contract price was about US$1,100 per ton, which was lower than the spot price of US$1,400. The PE spread was severely suppressed and the performance was weak and backward.
According to the manufacturer, the PVC market in mainland China has been in the upward channel due to the overall low level of social inventory, the expected increase in maintenance equipment, and the high raw material prices. At present, the overall operating rate of PVC is 83.33%, while the price of upstream raw materials is high, the supply of calcium carbide is still tight, the social stock of PVC is relatively low, and the spot is tight.
According to the ICIS-MRC price report, some Russian producers announced that the price of SPVC for additional delivery began to increase by 1,500 rubles per ton on August 15, and the price of suspended polyvinyl chloride (SPVC) supplied to the mainland market rose by 1,000 to 1,500 rubles. There are also some Russian manufacturers that have announced an increase in PVC prices of about 2,000 rubles per ton in September.
In addition, the mainland has more PP maintenance devices in August, and the social inventory is low. The petrochemical willingness to price has a strong support for the price. It is expected that the short-term PP price will still fluctuate within the range.
In September and October, Asian equipment was overhauled, and ethylene prices continued to be high-end. However, downstream factories began to resist high-priced raw materials, and PE market purchase intentions were weak, resulting in slower shipments. With the United States taxing China, the US PE offer was mostly cancelled, and the inflow of US supplies in Southeast Asia has increased recently.
Next: Harvest Season
- Discussion On Quality Identification Of PVC Edg...
- Sealing Edge Processing Requirements
- Introduction Of Edge-sealing Process For Plate ...
- Comparison Of Two Kinds Of Production Technolog...
- What Is The Acrylic Edge Bar?
- Precautions For Use Of Edge-sealing Hot Melt Ad...
- Quality Inspection Method Of PVC Edge Banding S...
- What Are The Preparation Of The Edge-banding Work?
- Characteristics And Processing Technology Of PV...
- Introduction Of Common Edge Treatment Process
- The First Round Of The Sino-US Trade War This Year
- Coca-Cola Embarks On 'healthy' Growth Route
- Happy Teacher's Day
- Alibaba Has Never Belonged To Jake Ma, Jake Ma ...
- The 24th China International Furniture Expo, FM...
- The Domestic PVC Market Atmosphere Is General
- The Role Of PVC Edge Banding In Life
- Chinese Traditional Festival Mid-Autumn Festival
- How To Distinguish The Quality Of PVC Edge Banding
- Acrylic Edge Banding Application