One week review of the hottest Asia Pacific plasti

A week's review of the Asia Pacific plastic market

PVC: the price of PVC showed a slight upward trend. It is reported that Japanese manufacturers have sold all their goods in September, and the transaction price level is basically usd470/mt CFR China with a 90 day billing period. Other manufacturers, such as those in South Korea, Taiwan, Thailand and Indonesia, are still negotiating with their users on September goods transactions. The buyer's current purchase price level for September goods is usd/m, and its axis should be located on a straight line as far as possible t CFR China. On the market, the quotation level of Korean manufacturers is usd460/mt CFR China, and that of Indonesian suppliers is usd450/mt CFR China. The current price in China's domestic market has been reduced to 5000 yuan/ton, which is equivalent to usd/mt CFR 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 usd/mt CFR Southeast Asia, while the Thai manufacturer has set the quotation level at usd470/mt CFR Southeast Asia due to limited supply

high pressure polyethylene: due to the lack of market demand, the price of high pressure polyethylene fell slightly. It is reported that although several manufacturers have stopped production, the supply volume on the market is still very sufficient. In addition, naphtha is at a low level, which also has a certain impact on the high-pressure polyethylene market. 2 There should be more than 2 operators. Asian naphtha prices hit a new low of usd217.75/mt c+f Japan on Monday. In the current market, the quotation level of suppliers for high-pressure polyethylene in September is between usd/mt CFR China/Hong Kong/Southeast Asia. Most manufacturers' quotation prices in September remained the same as those in August, and only a few manufacturers increased USD10/ton, but that was only a form. They admitted that they would prefer to accept the same price as that in August under the current market trend. Buyers are unwilling to set the bid level higher than usd/mt CFR China/Hong Kong/Southeast Asia

linear high-pressure polyethylene: due to the lack of buyer demand in the market, the price of linear high-pressure polyethylene has decreased by usd/ton. Although Indian companies such as Gail and Haldia have reduced their exports to Hong Kong due to production problems, the supply of the entire Asian market is still very sufficient. The shutdown of yanpet production plant in Saudi Arabia only affected the output of its low-pressure polyethylene, and did not affect the export of its linear high-pressure polyethylene. At present, the lowest quotation of suppliers for September goods in the market is usd590/mt CFR Hong Kong/China/Southeast Asia with 60 day billing period or usd585/mt CFR Hong Kong/China/Southeast Asia with spot payment. The quotation level of other suppliers will be paid at sight in usd/mt CFR China/Hong Kong/Southeast Asia. In terms of buyers, the current purchase price concept of middlemen and distributors is about usd/mt CFR China/Hong Kong/Southeast Asia spot payment. It is also reported that the downturn in naphtha prices has also affected the linear high-pressure polyethylene market

low pressure polyethylene: the North Asia and West Asia markets are relatively stable, but the Southeast Asia market is slightly weak. It is reported that at present, low-pressure polyethylene is the one with the strongest market performance of various polyethylene product factories, which is mainly due to the production problems of several manufacturers in India and Saudi Arabia. The shutdown of yanpet's No.2 unit in Saudi Arabia and Gail, IPCL and other production plants in India have led to a rebound in the price of low-pressure polyethylene. It is said that the shutdown of yanpet production plant forced Saudi Arabia to completely cancel its low-pressure polyethylene transaction in September. At present, the supplier's quotation level for September goods is usd610/mt CFR Hong Kong/China/Southeast Asia spot payment. As for buyers, the purchase price concept of middlemen and distributors is usd/mt CFR China/Hong Kong/Southeast Asia

polystyrene: due to the withdrawal of middlemen and distributors from the market, most of the screws were eventually pushed out of the barrel, resulting in a decline in the price of polystyrene. It is reported that middlemen have replenished their inventory in the past two weeks, 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 usd/mt CFR Hong Kong including Hong Kong miscellaneous charges or usd530/mt CFR Hong Kong spot payment. The quotation level of other suppliers shall be paid at sight in usd/mt CFR Hong Kong. The market demand is generally weak, and the buyer's purchase price level is usd540/mt CFR Hong Kong, including Hong Kong miscellaneous fees or usd525/mt CFR Hong Kong spot payment. In addition, the price quoted by manufacturers for high impact polystyrene is about usd20/ton higher than that of general grade, while the price offered by users is only USD10/ton higher than that of general grade

polypropylene: the polypropylene market is stable and tends to be soft. Although several polypropylene producers in Taiwan, including FCFC company, have reduced the production of polypropylene due to the high price of propylene, the supply of polypropylene in the whole Asia is still very sufficient. Some manufacturers said that the current shutdown of one or two production plants would not affect the market. Market participants have begun to negotiate on the goods in September, and most of the negotiated prices are the same as those in August. In the market, the quotation level of a Korean manufacturer for injection molding grade goods in September is usd530/mt CFR China, while the quotation level of block copolymer grade goods is usd550/mt CFR China. The quotation of Taiwan suppliers for September goods was increased to usd/mt CIF Hong Kong. In addition, the quotation of Indian injection molding/drawing grade goods is in usd/mt CFR China. In the Southeast Asian market, the price level is different. There are few transactions in the Indonesian market due to the instability of the local currency exchange rate, and buyers mostly take a wait-and-see attitude. However, the supplier's quotation level for injection molding/drawing grade goods is usd520/mt CFR Indonesia, while the quotation level for biaxial stretching grade goods is usd/mt CFR Indonesia. An intermediary is said to have sold a batch of block grade goods in September at the price of usd535/mt CFR Indonesia. The market price level in Vietnam is lower than that in Southeast Asia. A middleman sold a batch of injection grade goods at the price of usd505/mt CFR Vietnam, while a manufacturer sold a batch of injection grade goods at the price of usd510/mt CFR Vietnam. In the West Asian market, prices are stable, and India is said to be considering imposing anti-dumping duties on imports of biaxially oriented polypropylene

abs: Although the demand of Chinese users is very low, the price of ABS in Asia is still (D1 + D2) <12, and the size deviation and appearance quality are qualified; Maintain a stable level. It is reported that the raw material butadiene has recently fallen by USD10/ton to usd/mt CFR China/Taiwan. However, due to the relatively strong price of styrene monomer, ABS manufacturers try 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 tons of goods in the first half of September is usd780/mt CFR China/Hong Kong. The quotation level of Thai and Japanese manufacturers is usd810/mt CFR Hong Kong/Southeast Asia, while the quotation of Taiwan suppliers for the first half of September is usd/mt CFR Hong Kong/China. In terms of buyers, the current purchase price level of Chinese buyers is usd760/mt CFR China