The hottest recent Asian plastic Market

2022-08-17
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Recent Asian plastic market quotation

pp: the market price fell again by $20/ton, and the price was basically $500/ton CFR. Since there has always been no demand in mainland China and cheap ocean going goods have entered Asia, the price has recently returned to $500/ton CFR. The price quoted by Asian sellers is 20 dollars/ton higher than this price, but no one receives the goods. The seller quoted us $per ton (CFR mainland China) for plastic injection and wire drawing materials because it was unable to ship, but it still did not receive a response from the buyer. The quotation of Indian goods is 495 US dollars/ton (CFR Hong Kong SAR, China), and the price is the same as that of Middle East goods. Although the price of propylene raw material is high, it no longer affects the price of PP

ldpe: due to lack of demand (price decline. South Korea quoted yuan/ton in August (CFR China), Qatar quoted $610/ton (CFR China, 60 day letter of credit). The quotation of American goods is in USD/ton (CFR China). Although several factories in Asia have shut down, the supply is still sufficient. The quotation of LDPE in September is USD/ton CFR, and the quotation of most manufacturers in September continues to use the price in August

lldpe: due to the lack of buyers in the market, the demand is greatly reduced, and the quotation of Korean goods in August fell to USD/ton (CFR pig iron market in mainland China is not supported enough), falling by USD. The quotation of Middle East goods is USD/ton (CFR mainland China)

hdpe: prices in Northeast and West Asia are stable, while prices in Southeast Asia are weak. Affected by the shutdown of PE plants in India and Saudi Arabia, HDPE transactions were slightly active. In September, membrane 1 also input the corner signal to the plotter through the rotation sensor. The selling price of intermediate goods is 610 US dollars/ton (CFR, mainland China/Hong Kong SAR of China/Southeast Asia), while the traders offer only US dollars/ton CFR

pvc: the price of PVC shows a slight upward trend. It is reported that Japanese manufacturers have sold all their goods in September, and the transaction price is basically $470/ton (CFR mainland China, with 90 day billing period). At present, the buyer's bid level for September goods is 430 ~ 440 US dollars/ton (CFR mainland China). On the market, the quotation level of Korean manufacturers is 460 US dollars/ton (CFR mainland China), while that of Indonesian suppliers is 450 US dollars/ton (CFR mainland China). In the Southeast Asian market, the situation is basically similar to that in the Far East market. The buyer and the seller are negotiating on the goods sold to the Southeast Asian market in September. The buyer's purchase price level is about 440 ~ 450 US dollars/ton (CFR Southeast Asia), while the Thai manufacturer has set the quotation level at 470 US dollars/ton due to the limited supply, focusing on improving the development quality and efficiency (CFR Southeast Asia)

ps: due to the withdrawal of middlemen and distributors from the market, the price of polystyrene fell. It is reported that middlemen have replenished their inventory, and they are unwilling to buy more goods without increasing user demand. In addition, they are also worried that the price of styrene monomer in Asia may have reached the top and will fall, because the price of styrene in the United States is currently lower. At present, the lowest quotation level for general-purpose polystyrene in the polystyrene market is 540 ~ 550 US dollars/ton (CFR Hong Kong SAR, China, including Hong Kong miscellaneous charges) or 530 US dollars/ton (CFR Hong Kong SAR, China, immediate payment). The quotation level of other suppliers is 540 ~ 550 US dollars/ton (CFR Hong Kong SAR, China, spot payment). Market demand is generally weak, and the purchase price level of buyers is 540 US dollars/ton (CFR Hong Kong SAR, China, including Hong Kong miscellaneous fees) or 525 US dollars/ton (CFR Hong Kong SAR, China, spot payment). In addition, the price quoted by manufacturers for high impact polystyrene is about $20/ton higher than that of general grade, while the price offered by users is only $10/ton higher than that of prudent general grade

abs: Although the demand of Chinese users is very low, the ABS price in Asia remains at a stable level. It is reported that the raw material butadiene has recently fallen by $10/ton to $380 ~ 390/ton (CFR mainland China). However, due to the relatively strong price of styrene monomer, ABS manufacturers are trying to prevent the decline of ABS price. Some manufacturers said that the ABS market should have bottomed out, and they were optimistic that ABS prices would rise slightly in the fourth quarter. At present, the quotation level of manufacturers for 100 ~ 2000 tons of goods in the first half of September is 780 US dollars/ton (CFR mainland China/Hong Kong SAR of China). The quotation level of Thai and Japanese manufacturers is $810/ton (CFR Hong Kong SAR/Southeast Asia)

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