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Plastics market forecast August 3, 2020

Release Time: 2020-08-04 10:20:46         Hits: 60

Latest information of international crude oil


September crude oil futures rose $0.35, or 0.9%, to settle at $40.27 a barrel, as the U.S. cut production in May. Brent crude oil futures rose 36 cents to $43.30 a barrel in September


● PE market: last Friday, the market price was stable and fell, the futures price was down in shock, and the factory price of main regions was steadily reduced by 100 ~ 400 yuan / ton. The merchants shipped according to the market, and the downstream watched more, and the actual transaction was ordinary. Market reference: Beijing market price fell down, Daqing Petrochemical 5000S reported 8150 yuan / ton; Zhengzhou market price fluctuated narrowly, Dushanzi 8008h reported 8850 yuan / ton; Dongguan market price fluctuated narrowly, Guangzhou 7042 reported 6850 yuan / ton.


Today's forecast: it is expected that there will be downward risk in today's market stability.


● PP Market: last Friday, the market price was adjusted in a narrow range, and the futures fluctuated lower. At the end of the month, the merchants completed the delivery task, and their willingness to reduce the price was not obvious. Downstream manufacturers kept a wait-and-see attitude, maintaining low prices and just taking goods. Market reference: Qingzhou market narrow range of consolidation, North China T30 reported 7850 yuan / ton; Guangzhou Petrochemical cjs700 reported 8300 yuan / ton; Chengdu market price changes little, Ningmei 2500h reported 8050 yuan / ton.


Today's forecast: the market is expected to be stable and dynamic today


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