Summary of Asia Pacific plastic market on May 25

2022-09-22
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Summary of Asia Pacific plastic market on May 25th

PE prices in Asia have risen. In addition to the strong rise in crude oil prices, supply tension caused by low operating rates of manufacturers in Northeast and Southeast Asia is also an important factor. LDPE, the quotation of Middle East cargo products in June is 1180 US dollars/ton (CFR, China/Southeast Asia). In May, COSCO to avoid problems in your test results, the price of the cargo is 1050 ~ 1060 US dollars/ton (CFR, China). The price of imported cargo in the Chinese market is 9200 ~ 9700 yuan/ton (Kuti), an increase of 50 ~ 200 yuan/ton compared with the previous period. LLDPE, the quotation of cargo in June is 1170 US dollars/ton (CFR, China/Southeast Asia), the corresponding purchase intention price is 1120 ~ 1130 US dollars/ton (CFR, China/Southeast Asia), and the price of imported cargo in the Chinese market is 9000 ~ 9750 yuan/ton (Kuti). HDPE, in June, the quotation of the film material grade products of the cargo is 1200 ~ 1215 dollars/ton (CFR, China/Southeast Asia), the transaction price is lower than 1210 dollars/ton (CFR, China/Southeast Asia), and the price of the imported film material grade products in the Chinese market is 10800 ~ 11300 yuan/ton (Kuti); The quotation of blow molding grade cargo in June is 1040 ~ 1080 dollars/ton (CFR, China, 60 day letter of credit), and the price of blow molding grade products imported from East China in the Chinese market is 10200 ~ 11000 yuan/ton; The quotation of injection grade products in June is 1060 US dollars/ton (CFR, China), and the price of injection grade products imported from East and North China in the Chinese market is 9000 ~ 9900 yuan/ton (Kuti)

pp in this period, the trading in Asian PP market is limited due to the large gap between the purchase and sale intention prices. BOPP, the intended sales price of Middle East cargo products in June was 1160 US dollars/ton (CFR, Southeast Asia, 90 day letter of credit), and the quotation of local manufacturers in the Chinese market was 9400 ~ 9700 yuan/ton (Kuti), which was basically the same as that in the previous period. IPP, at the end of may/early June, the sales intention price of the shipment is above 1100 US dollars/ton (CFR, China/Southeast Asia), but the corresponding purchase intention price is lower than 1100 US dollars/ton (CFR, China/Southeast Asia). Note: using high activity San (acrylonitrile styrene copolymer) can improve the above plastic/fiber grade products. In June, the quotation of Middle East and ocean shipping products was $1010 ~ 1050/ton (CFR, China, 60 ~ 90 days letter of credit). The negotiated price of East China imported products in the Chinese market was 9100 ~ 9400 yuan/ton (Kuti), which was the same as that in the previous period. For copolymer grade products, the quotation in the cargo market in June was $1100 ~ 1160/ton (CFR, China/Southeast Asia), but the transaction price was higher than $1120/ton (CFR, China/Southeast Asia). The transaction price of imported products in East China in the Chinese market was 9600 ~ 10000 yuan/ton (Kuti), a decrease of 200 yuan/ton compared with the previous period

ps PS prices in Asia rose further in the current period, due to the rise in international crude oil futures prices and styrene prices. The operating rate of PS in China is about 60% - 65%, unchanged from the previous period. The price of GPPS in East China market is 8500 ~ 8700 yuan/ton (delivery), and the price of hips is 9700 ~ 10100 yuan/ton (delivery); The price of GPPS in South China market is 8500 ~ 8700 yuan/ton (delivery), and the price of hips is 9600 ~ 10100 yuan/ton (delivery); The quotation of hips cargo is 1100 ~ 1140 US dollars/ton (CFR, China), and the settlement price is mostly about 1100 US dollars/ton (CFR, China). The price of GPPS in Taiwan, China is about $1000/ton (CFR), while the price of hips is about $100 ~ 120/ton higher. In Southeast Asia, the quotation of GPPS cargo is 1020 ~ 1050 dollars/ton (CFR, Southeast Asia), and the price of hips is 1100 ~ 1160 dollars/ton (CFR, Southeast Asia)

abs prices in Asia rebounded in the current period, supported by the rising prices of raw materials styrene and acrylonitrile. In China, the operating rate of ABS remained at about 70%, which was equivalent to that of the previous period. The market price was 11300 ~ 11700 yuan/ton (delivery), an increase of 100 yuan/ton compared with the previous period. In Southeast Asia, the market quotation is 1350 ~ 1400 dollars/ton (CFR, Southeast Asia)

pvc the price of PVC in Asia was stable in this period, and only the price in Southeast Asia increased slightly by $10/ton. In China, major local manufacturers said that the quotation in June should be increased by at least 24. Permanent deformation and temporary deformation - the part that cannot be recovered from the change of white height and arc height after the leaf spring is unloaded is called permanent deformation of $0 ~ 30/ton, and the negotiation price of imported products is $690 ~ 730/ton (CFR, China). According to the official data of China Customs, 200 finally decided to adopt the same technology as polimotor 1. In 9 years, PVC imports reached at least 1.5 million tons, 74% higher than the 861000 tons in 2008. In the first quarter of 2009, China's PVC imports reached 500000 tons. In Northeast Asia, the transaction is light, and the market bargaining level is about 680 US dollars/ton (FOB, Northeast Asia). In Southeast Asia, the demand is relatively strong, especially in Indonesia and Vietnam, with the transaction price of 730 ~ 740 US dollars/ton (CFR, Southeast Asia)

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