News
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PVC:Narrow range oscillation, continuous rise still needs downstream drive
Narrow adjustment in the daily trading on the 15th. On the 14th, the news of the central bank lowering the reserve requirement was released, and the optimistic sentiment in the market revived. The futures of the night trading energy sector also rosesynchronously. However, from a fundamental perspective, the return of supply of maintenance equipment in September and the weak demand trend downstream are still the biggest drag on the market at present. It should be pointed out that we are not significantly bearish on the future market, but the increase in PVC requires the downstream to gradually increase the load and start replenishing raw materials, in order to absorb the supply of new arrivals in September as much as possible and drive the long-term stag... -
Polypropylene prices continue to rise, indicating a significant increase in plastic product production
In July 2023, China's plastic product production reached 6.51 million tons, an increase of 1.4% year-on-year. Domestic demand is gradually improving, but the export situation of plastic products is still poor; Since July, the polypropylene market has continued to rise, and the production of plastic products has gradually accelerated. In the later stage, with the support of macro policies for the development of related downstream industries, the production of plastic products is expected to further increase in August. In addition, the top eight provinces in terms of product production are Guangdong Province, Zhejiang Province, Jiangsu Province, Hubei Province, Shandong Province, Fujian Province, Guangxi Zhuang Autonomous Region, and Anhui Province. Among them, G... -
How do you view the future market with the continuous surge in PVC prices?
In September 2023, driven by favorable macroeconomic policies, good expectations for the “Nine Silver Ten” period, and continuous rise in futures, the PVC market price has significantly increased. As of September 5th, the domestic PVC market price has further increased, with the mainstream reference of calcium carbide 5-type material being around 6330-6620 yuan/ton, and the mainstream reference of ethylene material being 6570-6850 yuan/ton. It is understood that as PVC prices continue to soar, market transactions are hindered, and traders’ shipping prices are relatively chaotic. Some traders have seen a bottom in their early supply sales, and are not very interested in high price restocking. Downstream demand is expected to steadily increase, but currently downstream p... -
August polypropylene prices rose in September season can come as scheduled
The polypropylene market fluctuated upward in August. At the beginning of the month, the trend of polypropylene futures was volatile, and the spot price was sorted out within the range. The supply of pre-repair equipment has resumed operation successively, but at the same time, a small number of new small repairs have appeared, and the overall load of the device has increased; Although a new device successfully completed the test in mid-October, there is no qualified product output at present, and the supply pressure on the site is suspended; In addition, the main contract of PP changed month, so that the industry’s expectations of the future market increased, the release of market capital news, boosted the PP futures, formed a favorable support for the spot market, and the petroc... -
In the third quarter, the positive polyethylene is relatively obvious
Recently, the relevant domestic government departments are emphasizing the promotion of consumption, expansion of investment, while strengthening the financial market, the recent surge in the domestic stock market, the domestic financial market sentiment has begun to heat up. On July 18, the National Development and Reform Commission said that in view of the outstanding problems existing in the current consumption field, policies to restore and expand consumption will be formulated and introduced. On the same day, 13 departments including the Ministry of Commerce jointly issued a notice to promote household consumption. In the third quarter, the favorable support of the polyethylene market was relatively obvious. On the demand side, the shed film reserve orders have been followed up, an... -
Plastic products industry profits continue to improve polyolefin prices move forward
According to the National Bureau of Statistics, in June 2023, the national industrial producer prices fell by 5.4% year-on-year and 0.8% month-on-month. The purchasing prices of industrial producers decreased by 6.5% year-on-year and 1.1% month-on-month. In the first half of this year, the prices of industrial producers went down by 3.1% compared with the same period last year, and the purchasing prices of industrial producers went down by 3.0%, of which the prices of raw materials industry went down by 6.6%, the prices of processing industry went down by 3.4%, the prices of chemical raw materials and chemical products manufacturing industry went down by 9.4%, and the prices of rubber and plastic products industry went down by 3.4%. From the big point of view, the price of the processin... -
What are the highlights of polyethylene’s weak performance in the first half of the year and the market in the second half?
In the first half of 2023, international crude oil prices first rose, then fell, and then fluctuated. At the beginning of the year, due to the high crude oil prices, the production profits of petrochemical enterprises were still mostly negative, and domestic petrochemical production units remained mainly at low loads. As the center of gravity of crude oil prices slowly moves downwards, the domestic device load has increased. Entering the second quarter, the season of concentrated maintenance of domestic polyethylene devices has arrived, and the maintenance of domestic polyethylene devices has gradually started. Especially in June, the concentration of maintenance devices led to a decrease in domestic supply, and the market performance has improved due to this support. In the seco... -
Let’ meet at 2023 Thailand Interplas
The 2023 Thailand Interplas are coming soon. Sincerely invite you to visit our booth then. Detailed info is below for your kind reference~ Location: Bangkok BITCH Booth number: 1G06 Date: June 21- June 24, 10:00-18:00 Believe us that there will be many new arrivals to surprise, hope we can meet soon. Awaiting your reply! -
Continuous decline in polyethylene high pressure and subsequent partial reduction in supply
In 2023, the domestic high-pressure market will weaken and decline. For example, ordinary film material 2426H in the North China market will decline from 9000 yuan/ton at the beginning of the year to 8050 yuan/ton at the end of May, with a decline of 10.56%. For example, 7042 in the North China market will decline from 8300 yuan/ton at the beginning of the year to 7800 yuan/ton at the end of May, with a decline of 6.02%. The high-pressure decline is significantly higher than linear. As of the end of May, the price difference between high-pressure and linear has narrowed to the narrowest in the past two years, with a price difference of 250 yuan/ton. The continuous decline in high-pressure prices is mainly affected by the background of weak demand, high social inventory, and an in... -
What chemicals have China exported to Thailand?
The development of the Southeast Asian chemical market is based on a large consumer group, low-cost labor, and loose policies. Some people in the industry say that the current chemical market environment in Southeast Asia is very similar to that of China in the 1990s. With the experience of rapid development of China’s chemical industry, the development trend of the Southeast Asian market has become increasingly clear. So, there are many forward-looking enterprises actively expanding the Southeast Asian chemical industry, such as the epoxy propane industry chain and propylene industry chain, and increasing their investment in the Vietnamese market. (1) Carbon black is the largest chemical exported from China to Thailand According to customs data statistics, the scale of carbon bla... -
Significant increase in domestic high-voltage production and narrowing of linear price difference
Since 2020, domestic polyethylene plants have entered a centralized expansion cycle, and the annual production capacity of domestic PE has rapidly increased, with an average annual growth rate of over 10%. The production of domestically produced polyethylene has rapidly increased, with severe product homogenization and fierce competition in the polyethylene market. Although the demand for polyethylene has also shown a growth trend in recent years, the demand growth has not been as fast as the supply growth rate. From 2017 to 2020, the new production capacity of domestic polyethylene mainly focused on low-voltage and linear varieties, and there were no high-voltage devices put into operation in China, resulting in a strong performance in the high-voltage market. In 2020, as the price dif... -
Futures: maintain range fluctuations, organize and follow the guidance of news surface
On May 16th, the Liansu L2309 contract opened at 7748, with a minimum price of 7728, a maximum price of 7805, and a closing price of 7752. Compared to the previous trading day, it increased by 23 or 0.30%, with a settlement price of 7766 and a closing price of 7729. The 2309 range of Liansu fluctuated, with a small reduction in positions and a closing of the positive line. The trend was suppressed above the MA5 moving average, and the green bar below the MACD indicator decreased; From the perspective of the BOLL indicator, the K-line entity deviates from the lower track and the center of gravity shifts upwards, while the KDJ indicator has a long signal formation expectation. There is still a possibility of an upward trend in short-term continuous molding, waiting for guidance from the n...