Industry News
1. Coal prices "collapse" Ethylene glycol , PVC
When policy risks hit, the market sentiment overall deteriorated, and chemical products all fell back to varying degrees, among which PVC's correction was the most obvious. With a drop of nearly 30% in just two weeks, PVC quickly fell below the 60-day moving average and returned to the price range in mid-September. Many negative factors such as the recent weakening of PVC supply and demand and loosening costs have been reflected in the futures market in advance. In addition, the emotional panic caused by the lower limit of thermal coal has caused PVC futures prices to fall below the 10,000 yuan/ton mark and approach 9,000 yuan/ton.
The National Development and Reform Commission has deployed a number of policies and guidelines to increase coal supply. The gap between resource supply and demand has been eased, but electricity will be given priority to residents. Calcium carbide and PVC are high energy-consuming industries. The situation of power restrictions and production restrictions is still not optimistic, and the operating rate It is also difficult to achieve significant improvement. Data on October 21 showed that the starting load of carbide method PVC was 66.96%, a month-on-month increase of 0.55%, and the ethylene method PVC starting load was 70.48%, a month-on-month increase of 1.92%. Construction starts overall remain at an absolutely low level.
The dual energy consumption control policy shows no signs of relaxing. Therefore, although the supply has improved marginally, the start-up of calcium carbide and PVC will still be limited. As of October 26, the price of calcium carbide in Shandong was 8,020 yuan/ton, and the price of PVC in East China was 10,400 yuan/ton. The recent weak performance of PVC will affect the price of calcium carbide, but the price is expected to stabilize as the market seeks balance, and the correction of calcium carbide is likely to be less than that of PVC.
Attached is raw material quotation on October 28, 2021, which is comprehensively compiled by the All Plastics Federation. The quotation is for reference only.
[PP raw material quotation]
2832E1 Fujian Lianhe reported 8,900 yuan/ton;
K8009 Guangzhou Petrochemical reported 8,700 yuan/ton;
L5E89 China Coal Yulin reported 8,700 yuan/ton; ▼100
K8003 Dushanzi Petrochemical reported 9,250 Yuan/ton;▼300
K8003 Maoming Petrochemical quoted 9,000 yuan/ton;
CJS700 Guangzhou Petrochemical quoted 8,750 yuan/ton; ▼100
EPC30R-H Maoming Petrochemical quoted 8,550 yuan/ton; ▼100
EPS30R Maoming Petrochemical quoted 8,750 yuan/ton; ▼100
S10 03 Maoming Petrochemical reported 9,800 yuan / ton;
Z30S Hainan Petrochemical reported 8,800 yuan/ton;
V30G Zhanjiang Dongxing reported 8,650 yuan/ton; ▼50
J641 Guangzhou Petrochemical reported 8,900 yuan/ton;
Today’s PP plastic market prices continued their decline, PP futures fluctuated at low levels, and the market The wait-and-see atmosphere is heavy, and the ex-factory price of some petrochemical products has been reduced, and the supply cost support has weakened. On the downstream side, the willingness to purchase is limited, rigid demand is the main focus, and the overall market trading is mediocre.
[ABS raw material quotation]
HP181 CNOOC LG quoted 15,750 yuan/ton; ▼150
PA-758 Taiwan Chimei quoted 20,400 yuan/ton;
275 Panjin ethylene quoted 15,800 yuan/ton;
PA-757K Zhenjiang Chimei quoted 16 450 yuan/ton;
DG-417 Tianjin Dagu reported 15,850 yuan/ton; ▼50
GE150 Jilin Petrochemical reported 15,700 yuan/ton;
PA-727 Taiwan Chimei reported 19,200 yuan/ton;
121H Ningbo LG Yongxing reported 15,900 yuan/ton; ▼50
today ABS The price of the plastics market is weak and falling, the mainstream market mentality is weak, merchants are actively increasing sales, some negotiations are flexible, and buying is relatively quiet.
[HDPE raw material quotation]
6097 Daqing Petrochemical reported 8,800 yuan/ton; ▼50
8008 Fujian United News reported 8,650 yuan/ton; ▼50
5000S Lanzhou Petrochemical reported 9,200 yuan/ton;
TR144 Maoming Petrochemical reported 8 800 yuan/ton;
5502 Panjin ethylene ▼100
【LDPE raw material quotation】
LD607 Yanshan Petrochemical quoted 14,500 yuan/ton;
2420H CNOOC and Shell quoted 12,500 yuan/ton; ▲200
18D Daqing Petrochemical reported 13,300 yuan/ton;
2426H Maoming Petrochemical reported 12,200 yuan / ton; ▼100
868-000 Maoming Petrochemical quoted 12,550 yuan/ton; ▼50
[LLDPE raw material quotation]
DNDA-7144 Guangzhou Petrochemical quoted 8,900 yuan/ton;
LL0220KJ Shanghai SECCO quoted 9,200 yuan/ton; ▼ 200
DFDA- In 2001, Guangzhou Petrochemical reported 9,450 yuan/ton; ▼50
DFDA-7042 Maoming Petrochemical reported 9,250 yuan/ton; ▼150
7042N Fushun ethylene reported 8,850 yuan/ton; ▼100
Today’s PE plastic market prices fell, linear futures opened low and fluctuated, petrochemical The ex-factory price continues to fall, and the trading atmosphere on the market is light. Holders continue to follow the lower offers, and terminals are more cautious to wait and see, with real offers focusing on negotiations.
[GPPS raw material quotation]
525 Guangzhou Petrochemical reported 10,600 yuan/ton; ▼150
1441 Sanshui Total reported 10,850 yuan/ton;
GPPS-123P Shanghai SECCO reported 10,500 yuan/ton
PG33 Zhenjiang Qimei reported 10,800 yuan/ton; ▼ 50
PG-383M Zhenjiang Chimei newspaper 11,700 yuan/ton; ▼50
[HIPS raw material quotation]
622P Shanghai SECCO newspaper 11,750 yuan/ton; ▼150
HI650 Thailand Baolin newspaper 11,800 yuan/ton;
GH660 Guangzhou Petrochemical News 116 00 yuan/ton; ▼100
PH-888G Zhenjiang Chimei reported 12,450 yuan/ton;
Today the market price of PS plastic fell. The decline of raw material styrene put pressure on PS prices and dragged down the market trading atmosphere. Holders actively offered profits for shipments, but The follow-up of downstream buying orders was weak, and trading did not improve.
【PVC raw material quotation】
SG-8 SG- 5 Henan Lianchuang reported 13,400 yuan/ton; Today’s PVC plastic market price is weak, futures fluctuated downwards, closing at the lower limit, the spot atmosphere is not good, participants lack confidence, terminal purchasing enthusiasm is not high, and mainstream market prices continue to decline . [AS raw material quotation] PN-117L200 Taiwan Chimei reported 14,600 yuan/ton; PN-118L150 Zhenjiang Chimei reported 12,900 yuan/ton; 80HF-ICE Ningbo LG Yongxing reported 12,850 yuan/ton; 80HF Ningbo LG Yongxing reported 12,900 yuan/ton Ton; NF2200AE Ningbo Taihua reported 12,600 yuan/ton; ▼400 AS plastic market prices fell today. Downstreams are waiting to see the market, and the purchasing atmosphere on the market is light; rigid demand purchases have declined, and market trading volume has shrunk. [PMMA raw material quotation] CM205 Zhenjiang Chimei Newspaper 15,800 yuan/ton; CM211 Zhenjiang Chimei Newspaper 15,650 yuan/ton; LG2 Japan Sumitomo Newspaper 15,900 yuan/ton; VH001 Nantong Liyang Newspaper 17,400 yuan/ton; MF001 Mitsubishi Chemical quoted 17,500 yuan / ton; Today, PMMA plastic market prices are running weakly, the raw material market continues to fall, cost support is insufficient, terminal demand is weak, and the shipment rhythm of holders is average. [POM raw material quotation] MC90 Shenhua Ning Coal reported 19,800 yuan/ton; M90 Yuntianhua reported 19,950 yuan/ton; ▲50 FM090 Formosa Plastics reported 21,500 yuan/ton; M90-44 Japan Polytechnic reported 22,600 yuan/ton; Today, the price of POM plastic market rose in a narrow range. The supply of domestic imported materials continues to be tight. The holders are holding back their goods and reluctant to sell them. They mainly raise the quotation for shipment. The downstream demand is average and the purchase of rigid needs is mainly. [PC raw material quotation] l-1250y Jiaxing emperor report 26,000 yuan/ton; ▼ 100 1100 Hunan reported 24100 yuan/ton ; 02-10R Zhejiang Railway Great Wind News 24700 yuan/ton; PC -10 Taiwan Chimei 24700 yuan/ tons; 2805 Shanghai Covestro reported 24,800 yuan/ton; LXTY1609T-11 Luxi Chemical reported 24,000 yuan/ton; Z1-101R China Blue National Plastics reported 24,000 yuan/ton; ▼100 Today’s PC plastic market prices are in a narrow range Adjustment, in terms of the market, the current supply of goods in circulation is still low, but the transaction situation has not improved. In addition, affected by the downward trend of raw materials, the industry has a cautious wait-and-see mentality, and real transactions are scarce. [PA6 raw material quotation] TP-4208 Taiwan Jisheng reported 19,500 yuan/ton; ▲300 B30S Germany Lanxess reported 29,100 yuan/ton; JG28300 Hunan Jinbo reported 16,300 yuan/ton; 1010C2 Japan Mitsubishi reported 22,800 yuan/ton ; Today, the price of PA6 plastics market was adjusted within a narrow range, the inquiry atmosphere was deserted, and there were only a few transactions. The terminal waits and waits for the price to fall, the aggregate factory shipments are not smooth, , Baling Petrochemical, , Shenma, etc. have lowered their ex-factory prices, and merchants have room for negotiation on actual orders. [PA66 raw material quotation] EP158 Zhejiang Huafeng reported 38,000 yuan/ton; EPR27 Henan Shenma reported 38,200 yuan/ton; 1300S Japan's Asahi Kasei reported 50,500 yuan/ton; Today's PA66 plastic market price fluctuated, and the raw material pure benzene continued to trend. Soft, cost-side support weakens. At the end of the month, traders in the trade market had different mentality, and the actual trading volume was light, waiting for more news to be released. [PBT raw material quotation] TH6100 Xinjiang Lanshan Tunhe reported 17,500 yuan/ton; KH2100 Kanghui Petrochemical reported 18,500 yuan/ton; MZW7100 Fujian Meizhouwan reported 18,000 yuan/ton; Today’s PBT plastic market prices remain stable. Main raw materials BDO consolidated operation, lack of news guidance at the beginning of the week, PBT companies mostly stayed on the sidelines. Downstream power rationing affects demand consumption slowly, and there is a long-term lack of order support. There is a market price but no market. 【PET raw material quotation】 BG80 Sinopec instrument report 7300 yuan/ton; CB-608S Shanghai Yuanfang News 7900 yuan/ton; WB-8863 Changzhou China Resources News 7500 yuan/ton; ▼50 YS-Y01 Hainan Yisheng News 75 00 Yuan/ton; ▼50 Today, the price of PET plastic market continues to weaken, the price of polyester dual raw materials has fallen sharply, the cost side has been dragged down, and the market center of gravity continues to fall. Downstream players have a bearish attitude towards the market outlook and are mainly waiting and watching, with sporadic purchases just needed.
