Asian synthetic resin market

Sinochem New Network News PE The valuation of polyethylene (PE) in China and Southeast Asia has been rising steadily in this period, reflecting the rising price of Asian spot ethylene raw materials and the bargaining level in the context of tight supply in some grades. Because of the high export prices in the United States and the tight supply in South America, it provides opportunities for re-exports from China to South America. In the low-density polyethylene (LDPE) market, the price of the Middle East film-grade cargo in February was $1,720 (ton price, the same below, CFR, China), and a Malaysian manufacturer maintained its February cargo price at $1,760 (CFR). , China), Thailand film grade March cargo sales intention price of 1700 ~ 1730 US dollars (CFR, China), China's domestic market imported film-level cargo outbound price of 13,000 ~ 13900 yuan. In the linear low-density polyethylene (LLDPE) market, Thailand's cargo price in March was US$1,540 (CFR, China), which did not attract buyers' interest. The price of a cargo in the Middle East at the end of February was US$1,440 (CFR, China), China. The domestic market for imported goods from the warehouse is priced at 10,800 to 11,550 yuan. In the high-density polyethylene (HDPE) market, traders are offering quotations of $1320 to $1,350 (CFR, China) for spot picking of bonded warehouses in the Middle East and Thailand, and a Thai manufacturer’s intention to sell the film-grade March cargo. For the US$1,350-1,370 (CFR, China), in China's domestic market, the barter grade of different sources is bargained at 10,400-11,000 yuan.

PP The price of China's polypropylene (PP) rose in the current period, reflecting the rising bargain in the region due to the tight supply of polypropylene in the region and the rising price of Asian spot propylene raw materials. In the biaxially oriented polypropylene (BOPP) market, the Saudi Arabian supply bonded warehouses are priced at US$1,615 (CFR, China), and the domestic market manufacturers are priced at 12050 to 12,550 yuan. The Australian and Asian sources are sold at March. $1,670. In the isotactic polypropylene (IPP) market, there was no transaction, but the bargaining price rose, in line with the BOPP cargo price. In the injection/fiber grade PP market, traders are offering quotations for bonded warehouses of different sources from $1,530 to $1,550 (CFR, China), and Asian products for immediate delivery to South America for re-exports of $1,570 to $1,590 (FOB, China) ), the sales intention price of Korean cargo in March is about 1580 US dollars (CFR, China). In the PP market, the manufacturers did not quote the March cargo, but the sales intention price in China and Southeast Asia rose by 20 to 30 US dollars.

PS Supported by stronger raw material costs, suppliers increased their prices and Asian polystyrene (PS) prices rose. The price of raw styrene rose to more than 1,400 US dollars (CFR, China), which made the profit of PS production eroded. Participants in China have begun to return to the market, and the transaction has been slow. Many sellers have raised their offer by $50. In China, the PS operating rate is 80% to 85%, which is higher than 75% to 80% before the Spring Festival. China East China General Polystyrene (GPPS) delivery price is 11300 ~ 11800 yuan, high impact polystyrene (HIPS) delivery price is 12500 ~ 13400 yuan; South China GPPS delivery price is 11200 ~ 11850 yuan, HIPS delivery price is 12400 ~ 13,500 yuan. In the spot market, GPPS is quoted at $1,570 to $1,620 (CFR, China), with an intent to buy at $1,550 (CFR, China); HIPS is quoted at $1,680 to $1,750 (CFR, China) in Southeast Asia, and GPPS is quoted at 1580 to 1610 The US dollar (CFR), HIPS quoted at $1,700 to $1,750.

ABS prices in Asia increased during the current period due to rising raw material costs and tight supply. The seller acknowledged that the Chinese market was light, as the players were still slowly returning from the Lunar New Year holiday. China's ABS operating rate is 85% to 90%, which is the same as before the Spring Festival. China's domestic price is 18,100 to 18,700 yuan, up 100 yuan from the end of January. In the spot market, the offer range is as large as 2,330 to 2,420 US dollars (CFR, China), and the sporadic transaction price is 2,320 US dollars (CFR, China). Traders have responded that rising prices in the past few months may curb demand because end users are unable to afford the high cost of finished goods. In Southeast Asia, spot prices are mostly above $2,350 (CFR). The purchase price is below $2,300 (CFR, Southeast Asia) and the sporadic transaction price is $2,320 (CFR, Southeast Asia). In India, Asian offers are quoted at $2,370 to $2,400 (CFR), and purchases are limited because purchase intentions remain below $2,300 (CFR, India).

PVC Because the market is light after the year, the price of PVC in Asia in this period is the same as the previous period. China's import prices are stable at $1,000 to $1030 (CFR, China), with no official quotes or transaction prices. Most manufacturers are bullish optimistic about the PVC market, and some expect prices to go up. A Southeast Asian manufacturer plans to increase its March offer by $40 based on the February settlement price of $1020 (CFR, China's main port). A Northeast Asian manufacturer's March cargo target price is $1,090 (CFR, China's main port). In China's domestic market, the price of PVC spot stocks in East China's electric stone materials rose by 50 yuan to 7800-7900 yuan, while the price of PVC PVC was stable at 8,000-8400 yuan. In China's export market, the export prices of PVC and ethylene PVC for electric stone materials remain unchanged at US$1020 to US$1040 (FOB, China) and US$1080 to US$1,100 (FOB, China). The export price of PVC in Northeast Asia is stable at 980-1000 US dollars (FOB, Northeast Asia). India's bargaining price is $1050 to $1,060 (CFR, India), which is equivalent to $1,000 to $1010 (FOB, Northeast Asia). Southeast Asia PVC import valuation remains unchanged, and market trading is limited. Southeast Asian manufacturers' March cargo target price is US$1,060/tonne (CFR, Southeast Asia), and most buyers are waiting for China's Taiwanese benchmark offer in mainland China to determine their purchase intention, and therefore only keep on the sidelines. The purchase interest in PVC in March is expected to be supported by the demand of downstream packaging, pipeline and cable industries, and the prices of these derivatives are on an upward trend.