This period was stimulated by the news of the Sino-US trade warfare. After the Dragon Boat Festival holiday, the domestic commodity market suffered a setback, causing the plastic futures market to follow suit. The plastic spot market price has generally declined. Currently, the fundamentals of plastics are stable, and local manufacturers have just purchased. The prices of electronic trading on the plastic exchanges fluctuated in a narrow range. Traders cautiously traded and both parties were evenly matched. As of the end of the period, the China Plastics Price Index of the Plastics Exchange reported at 1230.69 points, down by 0.23 points from the previous period.
After the loosening of the PVC market, the domestic PVC futures market fell after consecutive days, and the short-term sentiment was partially released. At the end of the period, the SG-5 South China settlement price was reported at 7,090 yuan (t price, the same below), up 3 yuan. East China settlement price reported 7005 yuan, down 80 yuan; North China settlement price reported 6905 yuan, down 25 yuan; northwest settlement price reported 6800 yuan, unchanged. Ethylene DG-1000K species settlement price of 7220 yuan, unchanged. Fundamental, by Environmental inspections in Inner Mongolia affected the number of small-scale calcium carbide furnaces in the Northwest China to increase. From Jun. 19 onwards, all of the small calcium carbide furnaces in Zhungeqi were shut down. It is difficult to recover short-term production capacity. However, this period also coincided with Inner Mongolia Junzheng, Zhongyan Jilantai PVC plant. Maintenance, sales of supporting calcium carbide increased, the supply and demand of calcium carbide is still in the game, the price is temporarily stagnant. Most of the PVC companies have low stocks, and the pre-sale volume of large manufacturers is generally more. However, the ex-factory price has also fallen due to the previous period's sharp decline. However, tight supply of goods on the spot, traders have limited space for profit sharing. On June 15th, sample warehouses in East China and South China were stocked at 186,000 tons, which was 0.53% lower than the same period of last year. PVC inventory has dropped to a low level last year. Overall, PVC Supply pressure Large, prices also began to have signs stabilized, the market outlook is expected to organize the main high.
The PP Chonggao fell back to the close of the period. In June, the settled price of the S1003 variety in South China was reported at 9,455 yuan, up by 5 yuan from the previous period. Futures in this period have fallen sharply after a sharp spike, but the impact on the market mentality has been limited. Some petrochemical manufacturers continue to increase Quotation, strengthened supply cost support. Due to the fact that the inspection equipment was not restarted as expected during the current period, the supply of goods in the market remained tight, traders were reluctant to sell at low prices, and the price of suppliers tended to increase steadily. Downstream demand was in the off-season, and the factory paid for high prices. Inconsistent with the actual transaction, Zhongtian Hechuang, Pucheng Clean Energy, Shenhua Ning Coal PP Plant resumed to drive, and Sichuan Petrochemical and Yanshan Third Line will resume production in the next period, which will increase the supply of goods in the market. It is expected that the market price in the next period will increase. High down.
LLDPE tumbled and closed down by the end of the period. In June, the South China DFDA-7042 variety settled at 9350 yuan, down 55 yuan from the previous period. The domestic linear market continued to weaken. At the beginning of the period, the linear futures oscillated and strengthened, giving the market slight support. Some traders are testing. However, the downstream procurement intentions were weak. At the same time, some petrochemical manufacturers cut their sales, and the spot cost was lost. The futures futures began to fall. Market transactions were in the doldrums, and some businesses gradually took advantage of shipments. The amount of maintenance losses in the next period is expected to continue to decrease. The volume is still at a high level, coupled with the current inventory level is still high, the next period the overall supply pressure is greater. In addition, the downstream agricultural film only a small amount of high-end film demand is good, the pipe operating rate continued declining trend, is expected to continue to operate weakly in the next period of the market.