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Dacheng successfully developed three-layer co-extruded PET sheet machine

July 26, 2024

Headline News: Significant Capital Flows in Degradable Plastics Stocks

Today, the degradable plastics sector saw active trading in the stock market, with the sector index rising 0.48% despite a net outflow of main funds amounting to 52.5892 million yuan. Zhonglun Xincai topped the list with a net outflow of 19.4324 million yuan, followed closely by ST Zhongtai with a net outflow of 13.3489 million yuan. Market analysts pointed out that despite the promising outlook for the degradable plastics industry, short-term capital flows indicate investors' cautious stance towards the sector.

Market Dynamics: Steady Prices for Special Plasticizer for Athletic Tracks

In Hubei Province, China, the market price of special plasticizers for athletic tracks (Zhengzhou Yufeng, eco-friendly plasticizers) remained stable at 6600.00 yuan per ton, unchanged from the previous trading day. This stability reflects the current balance between supply and demand in the plasticizer market, as well as the persistent demand for environmentally friendly products.

International Oil Prices Impact: Crude Oil Inventories Decline Boosts Prices

On the international market, U.S. crude oil inventories fell for the fourth consecutive week, while gasoline and distillate inventories also declined, exacerbating concerns about supply disruptions. Consequently, the September futures contract for West Texas Intermediate crude oil settled at 81.71 per barrel on the Intercontinental Exchange in London. The rise in oil prices is likely to have an impact on the cost of plastic raw materials.

Polyethylene Market Trends: Short-Term Weakness Continues

The polyethylene market prices continued to decline today, with linear transaction prices ranging from 8300 to 8650 yuan per ton. The market lacks positive catalysts, and cost support remains loose, leading to a sustained downtrend. Prices in North China, East China, and South China all fell to varying degrees, and the spot market is expected to maintain a weak trend in the short term.

Polypropylene Market: Reduced Demand, Prices Weakly Consolidated

The polypropylene market also faces reduced demand, with trading sentiment weakening and spot transactions sluggish. In the off-season context, polypropylene prices exhibited a weakly consolidated trend. The mainstream price of polypropylene raffia in East China ranged from 7580 to 7650 yuan per ton, and the market is expected to continue its downward slide in the short term.

PVC Market: Futures Dip, Spot Prices Under Pressure

PVC futures hit new lows, while the spot market, despite intentions to hold prices steady, saw limited declines with dull trading sentiment. Some producers adjusted prices downward, and downstream demand remained sluggish with low factory operating rates. PVC prices in Guangzhou fell to around 5700-5770 yuan per ton, and further downward adjustments are anticipated in the short term.

PS Market: Crude Oil Falls, Some Varieties Weaken

Influenced by falling crude oil prices and a decline in styrene futures overnight, some PS market varieties showed weakening trends. The mainstream prices of GPPS and HIPS in East China ranged from 9550 to 11050 yuan per ton and 10100 to 11450 yuan per ton, respectively. Market participants believe that the PS market may continue to be negatively affected in the short term.

ABS Market: Raw Material Costs Drag, Market Remains Weak

The ABS market was also dragged down by the continuous decline in crude oil prices, with the dual raw material prices falling, leading to weak cost support. The mainstream price of domestic ABS in East China ranged from 10900 to 11800 yuan per ton, and the market is expected to remain weak in the short term.

PET Market: Supply and Demand Stalemate, Prices May Continue to Decline

The PET market remained in a stalemate between supply and demand, with a slight reduction in the supply of some PET bottle chips, but downstream factories were reluctant to follow up with purchases. Without positive catalysts and with futures falling, the PET market may continue to narrow its decline. The market for recycled PET bottle chips was generally stable with minor fluctuations, supported by supply but with stagnant demand.

Recycled Plastics Market: Stable Prices, Dull Trading

In the recycled plastics market, trading in both recycled PE and recycled PP was relatively sluggish. The recycled PE market was supported by high costs, maintaining stable prices, while the recycled PP market

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Dongguan Snyo Plastic Co., Ltd adalah pengeluar profesional yang terkenal di China Selatan, Khusus dalam meneliti, membangun, menghasilkan jualan Plastik PLINSIFITIF PET/PET Filem dan Lembaran. Syarikat Sunyoplastics telah meluluskan pensijilan ISO 9001: 2015, SGS, GRS dan Reach. Sunyoplastics...
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