Late five chase material outlook: a, PE on July the first half of the domestic market first after magnified, PE in early part of the petrochemical raised ex-factory price, gives the market cost of support, merchants attitude positive, with slightly higher. Adjacent months, futures, and some of the weaker petrochemical beginning on sale, market enthusiasm is not high, poor merchant shipping, part of the benefit to pay.
Clinch a deal at present, the market is still not optimistic, but polluting plastics factory in north China in the late orders will gradually increase, for the entire market will develop vigorously promote polyethylene, expects the second half of the domestic PE market will go up tentatively. Second standoff, PP in the first half of this month the domestic polypropylene market prices fell slightly after finishing.
Most of the petrochemical enterprises is still up for sale, the businessman cautious, subject to break-even go goods. Months, crude oil futures fell, polypropylene, downstream factories still small single procurement, negative have the upper hand, the market offer is loose.
Petrochemical factory price cut, most regions of the market cost support weakened at the same time, also show their own inventory pressure is early to increase. End demand in the short term is difficult to effectively restore, will continue to the market.
Expected the second half the market low consolidation. This month are flat, and the first half of the domestic PVC market supply and demand fundamentals lack of strong support.
Although the end of the futures market panic atmosphere, but soon move into a stalemate, and the futures price significantly lower than the spot price, on the spot market of PVC forming certain pressure. Market participants mentality is poorer, positive shipment is given priority to, prices are cheap.
In conclusion, PVC, there are certain pressure supply and demand fundamentals participants lack of confidence, the light atmosphere is relatively strong market next week is expected to mainly PVC market prices weak finishing. Four domestic PS, PC in the first half of this month the market lower prices of most products, part of the rebound.
Rebound mainly by upstream styrene rebounded strongly positive support. Late but lack of further positive propulsion, the higher part of the market also looks anaemic.
After cut PS ex-factory price in most of the production enterprises, the industry pessimism, PS basic maintain stable market. Traders ship resistance is bigger, replenishment more cautious.
Materials stalemate finishing, the mentality of some confusion, buyers and sellers will continue to reduce the operation. Petrochemical plant construction is low, the market may continue to supply low, and the downstream off-season, the actual demand is relatively weak.
Waiting for news anacreontic, expected short-term PS a narrow market or wait-and-see mainly price consolidation. The peripheral market failed to change the ABS domestic market weakness.
Delivery pressure due to the lack of demand and the seller, the first half of this month ABS market focus to stay at home. Major producers continue to lower offer and part of the high-end material falling speed, some brand discount was intensified.
But as the market fell again, buying bearish mentality, clinch a deal field continued to shrink. Short seller will give priority to in order to release the pressure of inventory, ABS market still has dipped below expectations.
