PVC powder
Today’s domestic PVC market continued flat, futures high fall, spot transaction in general, the price fell slightly. East China carbide PVC market weak operation, futures in 6100-6200 yuan/ton between the shock, traders continue to point shipment, most of the market supply basis difference in 120-250 yuan/ton, downstream on the low replenishing, some downstream yesterday, today’s inquiry and procurement enthusiasm has declined, today’s transaction as yesterday. Today HUADONG TYPE 5 SPOT EXCHANGE KUti mainstream transaction range in 6270-6420 yuan/ton. East China ethylene PVC market part of the supply price down, the main transaction. Take Changzhou area as an example, Liancheng, Hanwha to reference 6750-6800 yuan/ton, Qilu 1000 part of the reference 6550 yuan/ton, individual big sell price reference 6600 yuan/ton.
Forecast: Prices continue to fall today, afternoon low turnover is acceptable. The recent fundamentals are general. It is expected that the load rate of this week’s construction will decrease, the demand continues to be weak, the inventory remains high, the macro uncertainty is large, the overall market is weak, and the market mentality is not good. It is expected that PVC market in the short term low shock, East China SG-5 price fluctuation range or will be in 6250-6350 yuan/ton.
PET
Today, polyester raw material futures prices shock down, polyester bottle chip factory quotation fell, factory spot price reference 8500-8700, forward price reference 7800-8200. Polyester bottle chip spot market price talks fell, East China polyester bottle chip market spot reference negotiation interval 8180-8300; South China market spot reference discussion 8200-8300 self – lift. (Unit: Yuan/ton)
Forecast: Today PTA spot price closed down 15 to 6480, ethylene glycol closed down 50 to 4265, polymerization cost 6969.18 yuan/ton. Day polyester raw materials fall back to the polyester bottle chip support is insufficient, superimposed market wait-and-see mood is strong leading to today’s polyester bottle chip discussion center of gravity again down. In the short term, low demand is still the key factor restricting polyester bottle flakes and raw PTA, so it is estimated that polyester bottle flakes in the short term or continue the weak downward pattern.
Post time: Sep-21-2022