The hottest recent trends in the international rig

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Recent developments in the international rigid plastic market

I. polystyrene

last week, the Asian market was cold and the price hovered at a low level, and no big deal was reached. The weakness of the Chinese market has lost the direction of PS in surrounding countries, and also led to the decline in prices. At present, the price that Chinese buyers are willing to accept has fallen below $500/ton, and there is little interest in buying because of the fear of price decline

the quotation of GPPS from Taiwan sellers is 550 US dollars/ton (CFR Hong Kong), and the quotation of hips is 570 US dollars/ton (CFR Hong Kong). The seller's price for selling small quantities of GPPS made in Taiwan to China is US dollars/ton (CFR China's main port), and the quotation of hips is 10 dollars/ton higher than GPPS. In Hong Kong, the quotation of traders for Korean GPPS is USD/ton (C, including fr Hong Kong), and the quotation of Iranian GPPS is USD 510/ton (CFR Hong Kong). But no big deal was made. I just heard that several small batches of Korean GPPS were sold to traders at a price of 505 US dollars/ton (CFR Hong Kong)


1. European and American markets

as some manufacturers in the European market are carrying out planned shutdown and maintenance of devices, the recent spot supply is not very large. Coupled with the summer vacation, the outstanding horizontal competition problems between them and the controlling shareholder CSR (5.80, 0.00, 0.00%) for many years will be solved through asset replacement, which will also weaken the market transactions. Many manufacturers believe that the current price is at the bottom, but some buyers are still waiting for further price decline. Last week, the export price remained at USD/ton (FOB northwest Europe)

in the U.S. market, the price of pipe grade and general-purpose resin is still at a very low position, and the sales situation has not been improved. However, due to the manufacturer's insistence on not reducing prices, there has been no new decline in prices in the near future. Last week, the export price was USD/ton (FOB US Gulf)

2. Asian market

the first source of supply in Asian market is still the range selection: there is a problem of surplus, and the demand for downstream products is low, which makes the PVC price continue to stay low. The quotations in spot markets across Asia last week were: CFR China USD/ton; CFR Taiwan dollars/ton; CFR Southeast Asia dollar/ton, basically maintaining the level of the previous week. Seeing signs of rebound in the Chinese market, some manufacturers are planning to increase their quotations. Among them, the quotation of Japanese manufacturers for August/September has increased from the original 430 US dollars/ton (CFR China's main port) to 450 US dollars/ton (CFR China's main port), while other sources have also raised their quotations for the Chinese market accordingly

III. ABS resin

last week, the ABS market in Asia was still depressed, and the market resistance was very huge. Although Christmas orders have begun to be placed, the operating rate of some downstream user manufacturers has increased slightly, and some traders are also considering appropriate warehouse building to wait for the market to turn around, due to the current market trend, China's convenience in the waste plastic modified plastic material receiving industry is not yet clear, and the market is only in the inquiry stage, market participants are only busy asking for information to judge the market trend, and have not really started to act

in early August, Korean manufacturers quoted 770 US dollars/ton (CFR China's main port) or 780 US dollars/ton (CFR Southeast Asia), and buyers were not interested. Generally, the counter-offer was US dollars/ton (CFR China). Thai traders have 1000 tons. In August, ABS quoted us $760/ton (CFR Southeast Asia), and users countered US $740/ton (CFR). In the Indian market, the price is generally around us dollars/ton. Manufacturers believe that this price is very low, but users believe that the market may fall. Although they are willing to purchase, the counter-offer is generally very low

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