The road of dream building

Release time:

2023-06-27 15:03

Sudden fire in LG Chemical, South Korea, affecting BPA/PC market

Extranet reported Thursday morning:A fire broke out in the cracking unit of LG Chemical's Lishui plant in South Korea, resulting in the production of ethylene and propylene downstream of the plant.And affect the back-channel phenol acetone device, more involving bisphenol A and its downstream PC device.

It is understood that the fire occurred in the main control room, which is the heart of the device. Once the fire is over, all operations will be stopped and repair will be troublesome. Market participants expect the shutdown to last for two to three weeks, and some people think that it will take three to three weeks to recover.

Affected by this message,The domestic bisphenol A market was immediately closed., waiting for the follow-up new news, the relevant factories have been raised to 14000 yuan/ton before the plate is closed.

LG Chemical Fire AccidentIt has a great impact on the BPA/PC market, and will also have a certain impact on epoxy resin, which has cost support for the price decision of the industry.

Dow, DuPont and other giants in November price increase letter, up more than 1300 yuan!

The "excitement" of the U.S. election in the past two days is disturbing, and the price fluctuations in the plasticizing market are also thrilling. The quotation of the previous day rose by hundreds of thousands early the next morning. I believe friends in the plastics industry have alreadyDeep experience.This is not, a new round of price increase notice hit again.

Recently, Dow, DuPont, Taiwan Baoli and other chemical giants announced a new round of price increase letters in November.

On October 22, Dow announced that specialty resins will continue to be offered at the same price from November 1, 2020 or under contract,Dow and its Asia Pacific subsidiary raised the price of the following specialty resin products to US $200/ton, equivalent to 1329.6 yuan.

Starting from November 1, DuPont announced that based on the current market situation,DuThe State Department of Transportation and Industry has decided to increase the selling price of some DuPont products in the Asia-Pacific region from November 15, 2020 or as permitted by the terms of the contract. Nylon non-reinforced specifications increased by about 930 yuan/ton, and reinforced specifications increased by about 645 yuan/ton!

On October 30, Korea Engineering Materials (KEP) announced that due to increased costs and surging demand,POM Product KEPITAL®Global price rises $200, or 1329.6 yuanUnless otherwise agreed, the price increase will take effect from orders shipped after November 1, 2020.

Taiwan Polly announced that due to the sharp increase in the price of POM raw materials, it isThe company decided to start POM shipment and the price was increased by 0.1 USD/Kg.

The price increase is no longer rising for one enterprise, but for the whole industry. In addition to the tight supply of some raw materials in the market, prices have risen, and the recent explosion of downstream orders has further pushed up chemical prices.Due to the continuous strong transportation demand in the Asian export market, which has led to a shortage of containers, Hapg-Lloth has announced that it will charge a surcharge of US $175 per box for 40-foot high boxes from November 15, which is applicable to China (including Macau and Hong Kong). The route market to Northern Europe and the Mediterranean.

From these reactions, the market demand has gradually recovered, but it is worth noting that after several consecutive days of soaring prices, the current market transaction has slowed down, mainly because the downstream is resistant to high prices. Therefore, in the face of the current price rise phenomenon, people in the industry should not make a general point, but should rationally judge the market situation in the region and the subsequent rise and fall of the market according to the demand of their own enterprises and surrounding downstream orders, then make corresponding initiatives. Let's look at today's market price together ~

Well, let's take a look at today's 12 major plastic products market trend analysis and forecast it ~

General Plastics Market

1PP: mainly finishing

PP market prices are finishing trend.

Influencing factors

On the cost side, oil prices are difficult to continue to rise with a correction expectation, and the strength of polypropylene is weak.Fundamentally, although petrochemical inventory accumulated slightly, but the market part of the standard goods supply is still tight, supply and demand contradictions did not show the market support.But at present, the downstream cautious mentality, just need to continue to follow up the momentum shows insufficient.At the same time, futures short-term correction finishing, the spot boost weakened.

After the market forecast

On the whole, the short-term lack of unilateral strong news support, is expected to consume the recent increase in the main, to East China wire drawing as an example is expected to run the price range of 8150-8300 yuan/ton.

2PE: Follow the market

PE holders follow the market to offer shipments, downstream terminal wait-and-see sentiment is strong, just need to give priority.

Influencing factors

The spread of public health events in Europe and the United States, increasing concerns about the slowdown in oil demand;Focusing on the U.S. presidential election, traders entered the market cautiously, and international oil prices ended a three-day rally and fell moderately.On Thursday, the linear low opening shock, the trading atmosphere in the field is cautious, the holders follow the market offer to ship, the downstream terminal wait-and-see mood is strong, just need to give priority to, the firm focus on negotiations.

After the market forecast

It is expected that the domestic PE market will fluctuate within a narrow range today, and the mainstream price of LLDPE is expected to be 7350-7850 yuan/ton.

3ABS: Rising Slow

ABS market rally slows, talks cool.

Influencing factors

Terminal demand is strong, and the continued purchasing power of large downstream factories and traders drives the market to continue to improve.In particular, after the wave of goods snatching climax just after the November long holiday, the balance of spot sales is stretched, and the price momentum is strong.But in recent days, the participation of all parties weakened, small and medium-sized downstream wait-and-see.

After the market forecast

Short-term ABS market or high stalemate finishing, some of the current part of the price is close to historical highs, high prices shrink or increase the risk of the market.

4PS: The rise slows down

PS price rally slowed, the South China market prices began to high a small correction.

Influencing factors

Cost point of view, next week crude oil prices or weak adjustment, raw material styrene also save correction may, the cost end or the PS price to form a drag.

After the market forecast

Short-term PS price or high adjustment.

5PVC: tepid

Domestic PVC market atmosphere in general, weak futures volatility, market spot tepid.

Influencing factors

At present, spot fundamentals are still supported, upstream price offers, downstream demand is OK, but downstream resistance increases, social inventory continues to decline, it is expected that the supply shortage situation will remain for some time, but the current valuation is high, long-term supply and demand storage weak expectations.

After the market forecast

PVC market consolidation is expected to run today.

6EVA: Atmosphere falls back

Terminal resistance to high-priced sources is obvious, EVA market trading atmosphere fell back.

Influencing factors

In the long run, with the increase of enterprise production, the contradiction between supply and demand in EVA market will be eased. However, considering the high cost of import goods, the market is expected to remain supportive.In the short term, it is expected that there is still room for EVA US dollar new offer and enterprise offer to make up for the increase. The market price may gradually stabilize, and the VA18 content foaming supply may be between 19,000 and 21,000 yuan/ton.

After the market forecast

It is expected that the supply and demand fundamentals of the short-term EVA market will not change much, and the EVA market will continue its high consolidation trend.

Engineering Plastics Market

1PA6: shock upward

The current domestic PA6 market volatility upward.

Influencing factors

In the later period, the pressure on the cost side of the slice may increase. On this basis, the sentiment of low-price sales of aggregate factories may increase. Traders offer to follow the factory to adjust. The purchasing sentiment of downstream factories is still cautious. The overall market maintains just-needed trading.

After the market forecast

The short-term PA6 market price is expected to be slightly higher.

2PA66: high operation

At present, the domestic PA66 market is running at a high level.

Influencing factors

The pressure on the cost side of the slice is greater, and the mentality of the polymerization plant is more.Well, the overall start-up load rate has increased, the market traders offer actively pull up, the slice continued to rise, the downstream inevitably have panic.Later, the polymerization plant spot supply is limited, the main supply of old customers.In-market traders low-priced selling sentiment gradually increased, the price rose faster.Downstream customers cautious mood does not decrease, the field quotation confusion, low-cost supply decreased, the transaction center of gravity moved up.

After the market forecast

The short-term PA66 market is expected to remain on the upside.

3PC: Positive Continuation

Recently, the domestic PC market offer is too enthusiastic, and the business mentality is actively continuing.

Influencing factors

Recent industry starts pay attention to the recovery process of China Blue National Plastic and LG equipment.Set the adjustment situation;Demand just need to maintain, but by the high market constraints, trading cautious atmosphere still exists.Raw material bisphenol A market continues to climb, PC market supply and demand and news are still showing a positive trend.

After the market forecast

It is expected that if there is no obvious negative impact, the market high-level operation is still or the main trend, pay attention to manufacturers and merchants to increase the trend of support.

4PMMA: high oscillation

PMMA market prices high volatility.

Influencing factors

Trading activity in the East China MMA trade market is still not high, the decline has not yet stopped, trading on a single basis. At present, the price to be negotiated in the district is 11300-11500 yuan/ton for the time being, and firm offer is the main deal.

After the market forecast

ExpectedPMMA market strong finishing.

5POM: High Level Finishing

Domestic POM market high finishing operation.

Influencing factors

North central shandong methanol market collation. The local main production enterprises quoted 1950 yuan/ton; The market lacks effective transactions, and a few talks temporarily refer to 1800-1830 yuan/ton. The main production areas have high prices and low stocks. The short-term market is expected to continue its strong trend.

After the market forecast

Small eight is expected, today's domestic POM market high finishing operation mainly.

6PET: Mindset Weakens

Polyester bottle market mentality weakened, although the mainstream center of gravity has not changed significantly, but the mainstream transactions concentrated in the low range.

Influencing factors

The contradiction between supply and demand of PTA still exists, and the overall expectation is weak;The fundamentals of ethylene glycol supply and demand have not improved, and it is difficult to get rid of the weak shock state in the short term.Polyester bottle demand side performance is weak, downstream buying around low bargaining, while traders are low replenishment, high-altitude mentality, polyesterThe supply of bottle pieces is relatively sufficient, and the industry generally lacks confidence in the future.

After the market forecast

Overall, polyester bottle chip cost, demand are lack of support, is expected to short-term market or follow the weak operation of raw materials.Reference center of gravity 4650-4800 yuan/ton.

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