PVC: This week PVC futures prices fluctuate up, spot prices follow the volatility of futures prices. With some of the real estate loose policy, the market on the follow-up macro expectations improved. PVC supply and demand fundamentals further weakened, most of the downstream have a holiday to shut down, some have appropriate stock intention, but still more resistant to high price raw materials, PVC industry load rate little change this week, PVC social inventory is expected to continue the trend of accumulation this week. At present, market participants are more cautious, and PVC market is expected to be mainly concussive next week.
PET: Although the raw material low rise this week, cost support enhanced, but the downstream demand performance is not good, polyester slice slightly declined in the week; Next week, the raw material PTA and ethylene glycol continue to high consolidation, but because of the downstream years of hoarding, the weekly inventory of enterprises is still in the warehouse stage, multi-factor game is expected to narrow price or strong adjustment.
This week’s BOPP market review
This week BOPP prices continue to decline, new transaction increased. Crude oil stabilizes and rebounds, but the strength of the rebound is weak, which brings limited boost to PP and BOPP; PP futures this week first weak and then strong, spot first fell and then rose, the center of gravity moved down, cost support weakened; This week enterprises have lower prices to receive the annual order, compared to the overall increase in last week’s order. Raw material decline superposition manufacturer’s low price contributed to the delivery, BOPP price decline. As of Thursday, thick light film East China market mainstream in 9200-9600 yuan/ton, compared with the same period last week less than 100 yuan/ton, compared with the same period last month less than 149 yuan/ton, compared with the same period last year less than 1300 yuan/ton; North China 9300-9800 yuan/ton; South China 9200-9900 yuan/ton. Thin film, extinction film, heat sealing film and pearlite film and thick film price difference adjustment at any time, it is recommended to pay attention to. On January 12th, the price difference between 18 μm light film and thick light film is 600-1000 yuan/ton.
Order received this week.
BOPP received more orders this week than last week. The average daily order volume this week is about 223 tons, compared with last week
About 76 mt higher over the same period (this week’s data is average from Friday to Thursday)
This week, BOPP film enterprise profit narrowed, in 260-375 yuan/ton. Specifically, the average price of polypropylene drawing in East China market is 7600 yuan/ton this week, 104 yuan/ton lower than the average price last week; The average price of BOPP is 149 yuan/ton lower than last week. The average price of raw materials and BOPP fell this week, BOPP fell more than raw materials, and BOPP’s profit decreased this week compared with last week. It is expected that next week, BOPP profit space or maintain low, or in 250-400 yuan/ton.
Post time: Jan-18-2023