Today LGLPAK LTD will take you to understand the raw material market:
The center of gravity of the ABS plastic market is still in the downward channel. Traders are cautious in trading. Small and medium-sized downstream purchase intentions are not high.
PP plastic market prices fell slightly, and futures fluctuated at low levels, which suppressed the enthusiasm of the industry to a certain extent. Petrochemical plants are adjusted downwards, and market cost support is limited. Traders tend to follow lower quotes slightly. Downstream factories mostly wait and see, and the overall market is trading. The atmosphere is relaxed.
The price of PE plastics partly recovered, linear futures opened lower and fluctuated, and the market trading atmosphere was not good. Hold positions follow up with market quotations, and terminal manufacturers cautiously wait and see. The actual price is focused on single talks.
The market price of PS plastics dropped slightly, and the weak adjustment of raw material styrene put pressure on PS prices, which dragged down the market trading atmosphere; positions continued to be shipped, but buyers were not enthusiastic about follow-up, and the overall market was weak.
The PVC plastic market adjusted slightly, some quotations were loosened, and the futures prices had a big correction. The spot trading atmosphere is affected. Terminal purchasing enthusiasm weakened.
The market price of AS plastics continued to fall, and the willingness of holders to ship goods was obvious, but the shipments were relatively weak. Downstream waits and sees the market, the industry is cautious, there are not many just-needed purchases, and trading is deserted.
The price of PA66 plastics was adjusted and the raw material pure benzene fell within a narrow range, and the cost-end support weakened. Overlying demand-side procurement enthusiasm is not high, traders have increased their shipping mentality, early profits continue to be distributed within a narrow range, and actual orders in the market are low.
The PET plastic market remained stable, with ethylene glycol fluctuating within a narrow range and average costs. In addition, the market circulation spot is tight.
Keeping an eye on industry trends, grasping raw material prices, and grasping transaction costs, LGLPAK LTD will grow together with everyone!
Post time: Nov-19-2021
