The global economy is weak, the demand environment for bulk commodities has not improved, the price trend of most products is weak, and the domestic PVC market continues to decline. Type 5 in Tianjin market generally fell by ＄33, Ordos type 5 reported ＄928, and PVC fell by more than 2.72%. In the past week, the PC market price in North China has plummeted by＄1181 from the original high of＄4696. As of July 12, the average price of PC new materials in the North China market was ＄3515! In the past week, the price of PA6 has been like a roller coaster. It has either skyrocketed or plummeted. In three months, it has dropped from＄2666 to＄45. As of July 12, the mainstream average price of new PA6 materials in the South China market was＄2621!
Judging from the situation in the first half of the year, the prices of dozens of bulk raw materials have fallen. On the one hand, the current macroeconomic weakness is expected to intensify, and the continued high inflation in the United States has intensified market recession expectations, resulting in a plunge in international oil prices, with WTI oil prices falling below $100 per barrel. Prices of bulk industrial products also peaked. In addition, since more than 70% of the profits in the market are divided up by upstream raw material companies, the mid- and downstream companies are greatly affected. Some companies even began to have a holiday in early July. While the demand for raw materials has dropped, it has also shown that the high price resistance, which also led to a collective decline in raw material prices.
In other words, the current plastics industry continues to be in a situation of weak supply and demand. In terms of crude oil, there is a long-short game of crude oil, and the trend is full of uncertainty. The chemical manufacturers in the middle of the industrial chain have entered the stage of "zero profit production", and the end consumer market is stubbornly going through the winter, and no one dares to act rashly. And many plastics continue to be out of the "off-season" from the fundamentals, the demand continues to be poor, and the price is difficult to see improvement.
Now that the price of plastic raw materials has dropped sharply, it is a good time for everyone to buy in large quantities. We recommend that you take this opportunity to choose high-quality raw materials to help production, and we will continue to provide you with high-quality products and services. you are satisfied.
Dema commits to create value for our clients, provide solutions of polymer raw materials, like PP, PE, PVC, PET, ABS and FIBC bags, and help you occupied a competitive position in your market. You are welcome to contact us at any time, we will serve you wholeheartedly.
Ask a quote for the latest price and one of our team members will respond as soon as possible. Fields marked with * are required.
