In May, the
plastics market still showed an overall downward trend. Products such as PP and PE rebounded in the latter half of the year, and the pressure was adjusted back at the end of the month. The monthly average price of liquid chlorine fell by 23.6%, and the average price of PA66 fell by 11.36%. Looking forward to June, the factors affecting the price trend of plastics are complicated. What is the specific trend of plastic products?
PP: In June, the supply inspections were not much, and the market supply pressure still existed; the demand side is still the expectation of the off-season, and the contradiction of oversupply will continue. At the beginning of the month, it is expected that the two oil stocks will accumulate after the small holiday, and the market will gradually be under pressure. However, there is no major sales pressure at the beginning of the month, and the market fluctuates. With the continuation of demand in the off-season, it is expected that the market will be under pressure and the market will still have low pressure. The short-term market continues the shock consolidation trend, but the medium and long-term demand is difficult to boost, and the market may start to decline in the middle and late.
PE: In June, Qilu Petrochemical, Fushun Petrochemical, Yangzi Petrochemical, etc. continued to be in maintenance. The coal mines in the early maintenance facilities, such as coal forests and Shenhua Xinjiang, started driving in the Middle East. The Ramadan in the Middle East began on May 27, and the prices have been in upside down. There is a decreasing trend. There is an increase or decrease in the supply side, and there is still a decreasing trend in local supply. After the Dragon Boat Festival, the country has entered the wheat harvest season, and it is in the off-season demand. It is expected that all parties will reduce inventory and promote sales. The overall market is still under pressure. Considering the reduction of local supply, the market will not have much room to fall. It is expected to be linear 8800-9400 yuan/ The ton range is oscillating, focusing on the driving situation of the Ningmei plant.
PVC: It is expected that the market will remain stable in June. With the gradual entry into the off-season of PVC consumption, the overall situation does not rule out the possibility of a small downside. With the weakening factors such as late maintenance, the market price is slightly loose, or suppressing the enthusiasm of the merchants. The demand of the downstream industry remained stable, basically maintained as the main demand, and the market price increase did not support it. The impact of technical adjustments on crude oil, fundamentals and futures prices will still exist.
PS: There is still a small room for decline in styrene stocks in the short term. Short-term costs are firm, long-term downside, PS manufacturers' inventories increase, market supply increases, and downstream demand is weak. It is expected that the domestic PS market will be firm in the short term and will fluctuate.
ABS: Butadiene is close to the bottom of the market. Styrene stocks still have a small room to fall in the short term. Short-term costs are firm, long-term lows, entering the off-season, downstream demand is weakening, ABS manufacturers inventories may increase, some manufacturers have maintenance inspection expectations, and market supply also has The increase in the downstream market is relatively low, and the ABS market is expected to be firm in the short term and the trend is biased.
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