The hottest PE market inquiry was light, and PP fe

PE market inquiry was light, PP fell slightly

before the festival, PE market quotation was stable and small, the on-site inquiry was light, and the transaction was poor. It is expected that the market will continue to show a steady and medium-sized consolidation trend in the near future, and the possibility of upward is not ruled out. Affected by the double adverse factors of the approaching Festival and the continuous downturn in demand, the quotation of PP market fell slightly. The merchants' hearts are mainly applicable to the peeling, breaking and other performance test states of adhesive, adhesive tape, self-adhesive, medical patches, protective film, release paper, composite film, artificial leather, woven bags, film, paper and other dry products, which are mainly pessimistic about the future market, and the trading atmosphere on the floor is light. It is expected that the short-term market will continue to consolidate slightly. The PS market is relatively stable, with quotations from all regions basically stable and weak consolidation. It is expected to maintain a small consolidation in the short term. ABS market is dominated by weak consolidation, and there is little room for negotiation for actual transactions in some regions. It is expected that the market will still be difficult to improve the sluggish demand in the short term

I. overall overview

[external observation] the quotation in the domestic PE market is stable and small. As the festival is approaching, the market atmosphere is depressed, the inquiry is light, and the actual transaction is poor. Terminal demand is still difficult to improve, and businesses are not optimistic about the future market. The quotation of PP market fell slightly. Due to the approaching Festival and the continuous downturn in demand, the merchants' mentality was mainly pessimistic and the trading atmosphere was cold. However, due to the support of costs, the decline was small. The PS market is relatively stable, with quotations from all regions basically stable and weak consolidation. However, due to the continued bleak demand, businesses are mainly on the sidelines in the future, with light transactions. The ABS market is dominated by weak consolidation. Due to the strong wait-and-see mood of end users, the intention to prepare goods is weak, the business operation enthusiasm is not high, and the market transaction atmosphere is light

II. Overview of the market:

Korea Petrochemical PE trading company's shipment offer in June: low pressure wire drawing E308 is offered at $1240/ton, pipe material P600 is offered at $1240/ton, CFR main port of China, a/s, shipping date in June

South Korea LG trading company pE6 shipment has been sold out, early offer: high pressure injection offer after the 1200 grenfeld tragedy, people hope to quickly solve the problem $per ton, LDPE coating offer at $1200 per ton, immediate, CFR China. Low voltage is temporarily out of stock

there are two PP units of Siam chemical (SCG) in Thailand, which produce homopolymerization and copolymerization respectively. One homopolymerization production line was shut down unexpectedly last Friday and is expected to be overhauled for two weeks. The copolymerization production line is currently under normal operation

the domestic demand for PP of Xincheng trading company in India is strong, and the transaction has been basically completed. Early offer for shipment in May: all offers are made at 1070 US dollars/ton, CFR China, shipment date in May

III. Trend Outlook:

observation shows that the quotation of PE market is stable and small, the on-site inquiry is light, and the transaction is not good. As the holiday approaches, Hewlett Packard and BASF are ready to strengthen their cooperative relationship. The atmosphere of the market is depressed, and the adverse impact of terminal demand is difficult to improve, which makes merchants not optimistic about the future market trend and have a strong wait-and-see mentality. It is expected that the market will continue to show a steady, medium and small consolidation trend in the near future, and the possibility of upward is not ruled out. Affected by the double adverse factors of the approaching Festival and the continuous downturn in demand, the quotation of PP market fell slightly, the mentality of merchants was affected, and they were mainly pessimistic about the future market, and the trading atmosphere on the floor was light. However, due to the support of costs, the price decline is not too great. It is expected that the short-term market will continue to consolidate slightly. The PS market is relatively stable, with quotations from all regions basically stable and weak consolidation. As the terminal demand cannot be improved, businesses are in a strong wait-and-see mood, and their intention to ship goods increases, but buyers' willingness to buy goods is not strong, purchases are less, and transactions are light. It is expected to maintain a small consolidation in the short term. ABS market is dominated by weak consolidation, and there is little room for negotiation for actual transactions in some regions. Some businesses consider that the end of the month is approaching, and they are willing to ship goods. However, because the market demand is still bleak, the transaction is sluggish. It is expected that the market will still be difficult to improve the sluggish demand in the short term

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