International crude oil Latest news In the US last week, when commercial crude oil and petrol inventories fell, US sanctions deterred buyers from shrinking Iranian crude exports, rising international oil prices by more than 1% per cent in Wednesday and Brent crude to a seven-week high, Nymex crude hitting a three-week high. By the end of the day, WTI10 month crude oil futures rose 0.98 US dollars or 1.4% to $69.51 per barrel.
Brent crude jumped 1.19 dollars or 1.6% to $77.14 a barrel.
August 30, 2018 Plastic Market Forecast
"Market Summary and Forecast" PE market: Yesterday market price weak operation, linear futures low open finishing, the mentality of the industry is hit, near the end of the month, the circulation of limited supply, most businessmen to wait and see the market, the downstream part of the enterprise on-demand procurement of raw materials, the whole trading enthusiasm flat, all over the market reference: Panjin Market Small finishing, Kyrgyzstan 7042 96
00 yuan/ton, Hangzhou market narrow finishing, Yanshan 1c7a 10800 yuan/ton, Shantou market offer loose, Fu Lian 7042 no tax 8780 yuan/ton.
Today's FORECAST: Today's market is expected to be difficult to change the weak. PP Market: Yesterday market price small fluctuations, polypropylene futures plate finishing, to the market to boost the role of limited, near the end of the month, the oil and petrochemical factory price stability, goods more traders small let the shipment clean inventory, goods less businessmen to wait and see the market-oriented, downstream into the goods to fill the position is not high, the market is small single,
Market reference: Qilu Chemical City Market slightly lower, Qingdao T03 newspaper 9930 Yuan/ton, Hangzhou market weak down, Shaoxing t30s 9850 yuan/ton, Xi ' an market slightly down, the extension of t30s in 9600 yuan/ton.
Today's FORECAST: The market is expected to weaken slightly today. PVC Market: Yesterday market price overall stability, some small down, futures low concussion, petrochemical factory prices slightly down, merchant market fluctuation operation, the downstream plant demand is insufficient, according to the need to purchase mainly, the field to wait for the mood, the market is light.
Reference market: Hangzhou Market, the current 5-type electric stone mainstream 7020-7150 yuan/ton; The Changzhou market offer downward, at present 5 type of the main mainstream 7030-7100 yuan/ton; Guangzhou market change is not big, the current General Electric stone mainstream price in 7200-7300 yuan/ton.
Today's FORECAST: The market is expected to be weak today. PS Market: Yesterday price stability in the consolidation, upstream styrene high shock, business mentality is weak, cautious operation, the downstream plant market enthusiasm is not high, buy more on demand, market investment is not clear, the deal has no obvious improvement.
Reference market: Ningbo market price to stabilize mainly, Citic 525 reported 12500 yuan/ton, Yuyao Market quoted individual small setback, 118 reported 13100 Yuan/ton, Shunde market offer to stabilize mainly, Chi Mei PG33 reported 11950 yuan/ton.
Today's FORECAST: The market is expected to be limited today. ABS market: Yesterday market price narrow down, the cost of the trend continues to shock, the price of the temporary stability of the business mentality, the downstream factory procurement cautious, smooth delivery in the field, the market is not smooth, flat atmosphere unchanged.
Reference: Ningbo market price fluctuation is not small, 0215A 15200 yuan/ton, Yuyao market local soft, 0215A reported 15400 yuan/ton, north China market prices broadly stabilized, 0215H reported 15250 yuan/ton.
Today's FORECAST: Today's market is expected to be dominated by stalemate. Pet Bottle Market: Yesterday market high finishing, part of the price is still higher, PTA futures and spot market continue to constitute cost support, traders mentality, the downstream mentality cautious, wait-and-see in the main inquiry, high-priced goods deal is not smooth, market price reference: East China water bottle material reported 11200-11400 yuan/ton,
Deal in 10800-11000 yuan/ton, South China water bottle material reported 10850-11100 yuan/ton self-mention.
Today's FORECAST: Market performance is expected to remain strong today. Pet Waste Recycling Market: Yesterday market strong, high-priced supply increased, the new material market to maintain the rally, continue to benefit from the renewable market, PU fiber and filament yarn markets, chemical fiber factory purchase mentality, accompanying increase purchase price, recycling industry cautious trader, real deal to negotiate mainly, market price reference: East China market Machine White
Film at 7300-7400 yuan/ton.
Today's FORECAST: The market is expected to maintain its focus today. August Recent Plastic Market forecasts