December 10 Plastics Market Forecast: PE, PVC, ABS and PET Outlook for Packaging Converters

China's exports declined for a fourth straight month, trade-risk economic anxiety persisted, and the UAE energy minister doubted that deeper output cuts would have much effect, leaving international oil prices

slightly lower on the 9th. WTI crude futures lost USD 0.17 to settle at USD 59.03 per barrel; Brent crude futures shed USD 0.14 to close at USD 64.25 per barrel.

Yesterday, participants stayed cautious and prices moved in a narrow band. Linear futures advanced, most sellers raised offers, some loose-supply grades edged down, and actual trading was moderate. Downstream plants showed no stronger appetite for cargo; apart from essential production purchases, buying interest remained generally low. Market reference: Hebei offers were flat, Daqing

2426H was quoted at CNY 8,300/t; Linyi prices climbed, Shenhua 2426H was quoted at CNY 8,050/t excluding tax; Shenyang quotes softened, Fushun 2911 was quoted at CNY 8,000/t.

Today's forecast: prices are expected to hold broadly steady with minor moves.

Yesterday the market leaned weak, with prices mostly probing lower. Lacking effective bullish guidance, caution dominated, and many traders kept quoting flexibly to move cargo and reduce risk. Downstream demand stayed subdued, factories bought cautiously, and overall trading saw limited change. Market reference: Xiamen prices were weakly consolidating, Sinochem Quanzhou

L5E89 was quoted at CNY 8,350/t; Chengdu offers were stable, China Coal V30G was quoted at CNY 8,750/t; Shanghai prices fell, Shaoxing Sanyuan T30S was quoted at CNY 8,250/t.

Today's forecast: prices may drift lower today.

PVC market:

Yesterday the market traded in a narrow range. Traders adjusted quotes mainly according to their own stock levels, while some with limited supply kept offers firm. Downstream firms continued to resist high prices, bought only for urgent needs, ordered cautiously, and overall liquidity was ordinary. Market reference: Changzhou edged up,

mainstream type 5 calcium carbide material was at CNY 7,100-7,230/t; Guangzhou quotes were raised, Yili type 5 material was quoted at CNY 7,410/t; Qilu Chemical City quotes were cut, Xinfa type 5 was quoted at CNY 7,070/t.

Today's forecast: prices are expected to wobble slightly within a stable range.

Yesterday the market ran largely normally, with some prices nudging up. Support from higher feedstock styrene released positive factors, traders seized the chance to push quotes, and the trading mood improved a little. Downstream demand has yet to recover, most factories remained watchful, and actual buying was light. Market reference: Shantou quotes rose across the board,

SKG-118 was quoted at CNY 8,720/t; some Dongguan offers moved higher, Ning 5250 gained CNY 70 to CNY 8,650/t; Beijing-Tianjin-Hebei quotes consolidated in a narrow range, PetroChina 500NT was quoted at CNY 9,200/t.

Today's forecast: prices are expected to be mostly stable with localized adjustments.

ABS market:

Yesterday the market performed better than earlier, with selected prices rising. Market factors remained complex and shifting; traders were cautiously bullish and watched upstream trends and petrochemical moves closely. Downstream factory demand did not keep pace, and the market atmosphere stayed quiet. Market reference: Dongguan quotes trended steadily upward, Ning

15E1 rose CNY 180 to CNY 11,580/t; Ningbo quotes were largely stable, 121H Yongxing was quoted at CNY 12,300/t; some Yuyao offers moved higher, 0215A was quoted at CNY 12,250/t.

Today's forecast: the market is expected to consolidate with a firmer tone.

Yesterday the market's center of gravity shifted upward.

PTA main contracts recovered, ethylene glycol gains were acceptable, the cost side continued to rise, and bottle chip plants raised prices by 50-100 in succession. Participants held firm-price views, downstream inquiries increased, and trading sentiment was fair. Market reference: water bottle material in East China was referenced at CNY 6,400-6,500; South China water bottle material was referenced at CNY 6,500-6,600 on a self-pickup basis; North China water bottle material was referenced at CNY 6,400-6,500 on a self-pickup basis.

Today's forecast: the market is expected to extend its firmer trend today.

PET scrap recycling

Yesterday offers in some regions moved up within a narrow range. The virgin material market recovered, but the boost to recycled material was limited. Scrap collection was slow, supply shrank, and recycled bottle flake supply stayed tight. Washing plants continued to hold back sales at low prices and followed market conditions. Recycled chemical fiber production and sales improved slightly in some areas, but overall end-use demand remained soft, and producers stayed cautious. Market reference: white flakes for imitation large-scale chemical fiber on machine in East China stood at

around CNY 5,050/t, tax excluded.

Today's forecast: prices are expected to see small adjustments today.

Source note: This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-354164.html