[Today's Plastics Market] Weaker Fluctuations: PE, PP, PS, PBT Narrowly Volatile, PC Drops Up to 100
2025-08-22 18:14:57
Summary: Price and forecast summary of general-purpose and engineering plastics in the plastic market on August 22.General materialIn terms of aspects, PP and PE fluctuated within a narrow range, with some rising or falling by 1-16; PS prices in the East China market slightly increased by 30-50; ABS, EVA, and PVC remained basically stable.Engineering materialsIn terms of segments, the PC market saw a partial decline of 25-100; PBT slightly increased by 50; PET, POM, PA6, and PA66 overall showed a steady performance.
General material
PE: Supply and demand pressures ease, prices recover somewhat
1. Today's Summary
①、 The traditional U.S. fuel peak season continues to release positive factors, and the Russia-Ukraine situation remains uncertain, leading to a rise in international oil prices. NYMEX crude oil futures contract 10 settled at $63.52 per barrel, up $0.81/ barrel, a month-on-month increase of 1.29%; ICE Brent futures contract 10 settled at $67.67 per barrel, up $0.83/ barrel, a month-on-month increase of 1.24%. 。
②. The price fluctuation range in the HDPE market is 0-1 yuan/ton; the LDPE market price increased by 16 yuan/ton; the LLDPE market price increased by 16 yuan/ton.
2. Spot Overview
Macroeconomic positives have boosted market sentiment, with stronger support from the cost side and limited fundamental pressure. Market sentiment has improved, prompting many industry players to slightly raise prices, and transactions are relatively good. The HDPE market price fluctuated between 0-1 yuan/ton, LDPE market price increased by 16 yuan/ton, and LLDPE market price increased by 16 yuan/ton.
3. Price Prediction
In the short term, Recently, the number of parking and maintenance units has increased, easing supply pressure. However, some units are scheduled to restart soon, and supply may slightly recover. Downstream factories are restocking on rising prices, but the operating rate is increasing slowly, and the sustainability of restocking remains to be seen. The favorable macro factors have been gradually digested, and cost-side support is unstable. Expected Polyethylene prices are expected to fluctuate within a narrow range next week. 。
PP: Demand Recovers Slowly, Polypropylene Market Fluctuates and Consolidates
1 Today's Summary
①、 Sinopec East China PP down by 100, Shanghai E980BHF set at 7700, M700R set at 7500, Zhong'an Y26 set at 7000, An Y26 set at 7000, V30G down by 50 to 7000; PetroChina Southwest fiber material, homopolymer injection, and thin-wall injection down by 50.
②、 The daily production proportion affected by domestic polypropylene shutdowns today decreased by 0.65% compared to yesterday, standing at 15.67%. The daily production proportion of drawn yarn remained stable at 24.48%, while the daily production proportion of low-melt copolymer decreased by 0.94% compared to yesterday, reaching 8.86%.
③、 During the period from August 8 to August 14, 2025, the supply-demand balance maintained a pattern of supply exceeding demand, with the supply-demand gap remaining positive and slightly widening, which increased the negative impact on market sentiment. In the next period, the surplus in the supply-demand balance is expected to narrow, which is anticipated to alleviate the negative impact on prices.
2 Spot Overview
Based on the East China region as the benchmark, today's polypropylene raffia closed at 7,001 yuan/ton, down 7 yuan/ton from yesterday. The national average price of raffia decreased by 4 yuan/ton from yesterday, a drop of 0.06%, which is in line with this morning's expectations.
This morning, futures fluctuated within a narrow range. The polypropylene market mainly underwent minor adjustments, with limited guidance from macro policies. Price changes were primarily driven by fundamentals, and downstream demand showed no significant improvement. Sellers were cautious, offering slight discounts to facilitate transactions, with specific negotiations possible. As of the midday session, the mainstream price for East China filaments was between 6,920-7,100 yuan/ton.
3 Price Prediction
At the macro level, anti-involution and policies aimed at eliminating outdated production capacity have boosted market sentiment. However, from the polypropylene supply side, CNOOC Ningbo Daxie’s 900,000-ton facility is about to start operation, increasing supply-side pressure. Downstream factories are mainly purchasing out of rigid demand, and sporadic orders from end-users are unlikely to provide effective support. The strong supply and weak demand situation for polypropylene is expected to continue in the short term. Polypropylene Market Fluctuating within the range of 6920-7100 yuan/ton.
PS: The prices of ordinary materials in the East China market have slightly increased.
1. Mainstream market current closing price
2、Market Overview
Today, the price of general-purpose polystyrene (PS) in the East China market saw a slight increase. The styrene raw material market and spot prices fluctuated upwards, and some PS holders raised their offers. However, buyers were cautious about chasing the rise, leading to resistance in high-priced transactions.
3.、Key Factors Influencing Future Price Changes
It is expected that short-term prices may partially stabilize.
Cost:The raw material styrene may fluctuate and adjust, and the cost support at the PS end still exists.
Supply:Domestic PS spot supply is ample, and holders are more willing to sell.
I'm sorry, but it seems like there is no content provided for translation. Please provide the text you would like to have translated into English.During the traditional off-season, the pace of downstream delivery remains slow.
ABS: The market is generally stable today.
1、 Mainstream Market Closing Price of the Period
2、 Market Overview
Today, the ABS market remains generally stable. The main raw material, styrene futures, saw fluctuating upward movement. Some replenishment demand was released in the ABS regional market, supporting stable offers from holders. However, the confidence of end-user factories in replenishing stock remains restrained, with transactions primarily concentrated among traders.
The mainstream price of domestic materials is 9,050-10,400 yuan/ton, with the prices for ordinary injection molding grade in East China and South China being 9,600-9,900 yuan/ton and 9,200-9,900 yuan/ton respectively.
3、 Key Factors Influencing Future Market Price Changes
The ABS market is expected to remain weak and consolidate in the near term.
Cost:Styrene is digesting macroeconomic benefits in the short term, but is dragged down by fundamentals, and cost support is expected to weaken.
Some individual units are about to undergo maintenance, but since the capacity involved is limited, industry supply is likely to remain sufficient.
Requirement:
Translate the above content into English, output the translation directly without any explanation.Speculative demand from terminal factories has not shown a significant increase, and buying remains focused on just-in-time restocking.
EVA: Market prices tend to stabilize
1、 The current closing price of the mainstream market
2、 Market Overview
Today, the EVA market price has shown little fluctuation, with supply remaining relatively tight. However, as EVA prices continue to rise, some traders prefer to secure profits, leading to market prices stabilizing. End-user demand for restocking is lukewarm and mainly driven by immediate needs, with actual transaction prices determined through negotiations between buyers and sellers.
3、 Key Factors Influencing Future Price Changes
Based on a driver analysis, it is expected that the EVA price may remain stagnant or consolidate in the near future. The specific reasons are as follows:
Limited supply from manufacturers, combined with some early pre-sales by traders, has resulted in a slightly tight supply in the market.
Requirement:
Translate the above content into English, and output the translation result directly without any explanation.End-user demand is in the off-season, with overall weak demand. Downstream just-in-time replenishment is occurring, and market sentiment is generally moderate.
Upstream:On Thursday (August 21), the settlement price for West Texas Intermediate (WTI) crude oil futures for October 2025 on the New York Mercantile Exchange was $63.52 per barrel, an increase of $0.81, or 1.29%, from the previous trading day, with a trading range of $62.52-$63.67; the settlement price for Brent crude oil futures for October 2025 on the London Intercontinental Exchange was $67.67 per barrel, an increase of $0.83, or 1.24%, from the previous trading day, with a trading range of $66.74-$67.80.
Engineering materials
PC: The domestic PC market slightly declined today.
1. Current Closing Prices of Mainstream Markets
2、Market Overview
The domestic PC market experienced a slight decline today. The mainstream indicative price for domestic PC supply in East China ranged from 10,700 to 11,200 RMB/ton, down 25 RMB/ton compared to the previous trading day. In South China, the mainstream indicative price for domestic PC supply ranged from 11,100 to 11,400 RMB/ton, remaining stable compared to the previous trading day. Regarding foreign-sourced supplies, the market showed a slight weakness with a stalemate. The mainstream price for East China's Lotte 1100 was between 11,500 and 11,600 RMB/ton, stable compared to the previous trading day; the mainstream price for South China's Covestro 2805 was between 14,100 and 14,200 RMB/ton, down 100 RMB/ton compared to the previous trading day. Approaching the weekend, there was limited change in market news, and downstream new orders were average, dampening purchasing willingness. Only a small amount of demand was released, and some transactions of physical goods saw slight price declines during negotiations.
3、Key Factors Influencing Future Price Changes
The PC market is expected to remain weak and stagnant in the near term for the following reasons:
Supply:Overall supply is sufficient, new market transactions are moderate, and actual orders are expected to be negotiated slightly.
Requirement:
Translate the above content into English and output the translation directly, with no explanation needed.The increase in downstream orders is limited, with purchases mainly driven by rigid demand.
Cost:The short-term upstream product fluctuations at low levels have limited impact on the PC market.
POM: Slow circulation of spot goods, market under pressure to sell
1. Today's Summary
The market sales are generally normal.
②. The profit margin for operators has increased.
2 Spot Overview
Based on the Yuyao area, today's Yuntianhua M90 is priced at 11,000 yuan per ton, with the price stable compared to the previous period. Today, the POM market is observing and consolidating, with limited support from the supply side. Petrochemical plants are primarily maintaining their price stance. However, the sales performance in various regions is weak, and traders are not enthusiastic about operations. Some offers still have room for negotiation, and deals are discussed on a case-by-case basis. By the close of the market, the tax-inclusive price of domestic POM in the Yuyao market was 8,100-11,200 yuan/ton, and the cash price of POM in the Dongguan market was 7,300-10,400 yuan/ton.
3. Price Prediction
There is currently no effective support from fundamentals, and a wait-and-see attitude has intensified in various regions. Market sales performance remains weak, with traders facing significant pressure to move stock. Some quotations continue to offer small discounts, but end-user purchasing interest is low. In the short term, the focus is mainly on digesting in-plant inventories, with overall transaction activity relatively lackluster. As of the close, the tax-inclusive price of domestic POM in the Yuyao market was 8,100–11,200 RMB/ton, while the cash price in the Dongguan market was 7,300–10,400 RMB/ton.
PET: Polyester bottle chips remain stable in operation
1 Today’s Summary
1. Factory quotes have increased by 20-30. (Unit: Yuan/Ton)
Today, the domestic polyester bottle chip operating rate reached 70.89%.
2 Spot Market Overview
Based on the East China region, the spot price of polyester bottle-grade flakes for water bottles closed at 6000 today, remaining unchanged from the previous working day, which did not meet the early morning expectations.
Costs are fluctuating, and most downstream and trade sectors had already stocked up yesterday. Today, polyester bottle chip factories raised their offers by 20-30, yet most downstream and traders are making only rigid purchases. The market transaction focus is stabilizing. Currently, the offer price range for goods from August to October is 5960-6090, and the bid price range is 5940-6030, unit: RMB/ton.
3. Price Prediction
Cost still provides support, but downstream peak season performance is weak, making it difficult to chase price increases. After low-price replenishment in the market, rigid purchasing on dips continues. The supply and demand structure is acceptable in the short term, but market expectations for future demand are cautious, limiting the upward potential. It is expected that next week, the spot price of polyester bottle chips for water bottles in the East China market will be between 5850 and 5950 yuan/ton, with a tendency for weak fluctuations. Going forward, attention should be focused on changes in raw materials. (Unit: yuan/ton)
PMMA: The overall PMMA market remains stable today.
1、 The current closing price of the mainstream market
2、 Market Overview
Today, the mainstream market price intention for East China PMMA Chimei CM205 is 13,900-14,100 RMB/ton, remaining stable compared with the previous trading day. The price of raw material MMA is stable, sellers in the market are willing to sell steadily, while downstream buyers show limited initiative in purchasing. As the weekend approaches, a wait-and-see attitude prevails, and overall transactions are average.
PBT: Intraday PBT price increase
1. Mainstream market current closing price
2、Market Overview
Today, the mainstream transaction range in the East China market is 7,600–7,900 RMB/ton, with the average negotiated price up by 50 RMB/ton compared to the previous working day’s closing price. PTA prices have risen; in addition, BDO remains mostly stable. Overall, PBT costs have increased. Furthermore, mainstream PBT manufacturers have raised their negotiated prices. With some small-volume, just-in-need orders concluded, PBT prices have risen during the day.
3、Key Factors Influencing Future Price Changes
The PBT price is expected to remain stable in the near future for the following reasons:
Cost:Crude oil prices fluctuated within a narrow range during the session. The impact of PTA destocking expectations has diminished, and market participants are watching the duration of PTA plant shutdowns in South China. It is expected that the PTA market will consolidate during the night session. In addition, BDO fluctuated within a narrow range, and PBT costs may stabilize after some volatility.
Supply:The main units are operating stably, and spot supply is ample in the short term.
I'm sorry, but it seems that there is no content provided for translation. Could you please provide the text you would like translated into English?Downstream operating rates are low, and the market feedback indicates weak demand for PBT.
PA6: Supply reduction leads downstream to replenish as needed; PA6 market consolidates and operates steadily.
1 Today's Summary
①、 The weekly settlement price of Sinopec caprolactam is 9,290 yuan/ton (six-month acceptance with no interest), down 285 yuan/ton compared to the previous period.
②、 Sinopec pure benzene prices for refineries in East China and South China have been increased by 100 yuan/ton, now set at 6,150 yuan/ton. The new prices will take effect from August 12.
2 Spot Market Overview
Today, the polyamide 6 market is consolidating and operating steadily. Raw material markets remain stable for the time being, while chip production continues to incur losses due to cost pressures. Downstream buyers mainly replenish inventory as needed and at lower prices. The atmosphere for transactions of some low-priced slices is acceptable, with market transactions being negotiable. In East China, regular spinning PA6 is priced between 9,150-9,650 RMB/ton for cash and short delivery, while high-speed spinning spot prices are 9,800-10,000 RMB/ton for acceptance delivery. The self-pickup cash price in Chaohu is 8,550-8,650 RMB/ton.
3 Price Prediction
From the cost perspective, the caprolactam market is running steadily, but cost pressure remains due to losses in chip profits. On the supply and demand side, several domestic enterprises have reduced operating rates, and more are planning to do so in the future, leading to expectations of reduced supply. Downstream buyers mainly purchase as needed at lower prices. It is expected that the PA6 market will experience slight adjustments in the near term.
PA66: Fundamentals remain stable, market consolidates.
1 Today's Summary
① On August 21, the traditional U.S. fuel consumption peak season continued to release positive signals, and the Russia-Ukraine situation remains uncertain, driving international oil prices higher. NYMEX crude oil futures October contract rose $0.81 to $63.52 per barrel, a week-on-week increase of 1.29%; ICE Brent crude oil futures October contract rose $0.83 to $67.67 per barrel, a week-on-week increase of 1.24%. China's INE crude oil futures October contract rose 4.7 to 486.7 yuan per barrel, and the night session rose 6.2 to 492.9 yuan per barrel.
Today, the domestic PA66 capacity utilization rate is 62%, with a daily output of approximately 2,430 tons. Despite cost and demand pressures, the capacity utilization rate of domestic polymer 66 enterprises remains stable. However, downstream demand is average, and the domestic PA66 industry has an ample supply of goods.
2 Spot Overview
Based on the Yuyao market in East China, today's EPR27 market price is quoted at 15,200-15,400 RMB/ton, stable compared to yesterday's price. 。 Raw material prices fluctuate, providing stable cost support. Downstream purchases are made as needed, and the market transaction atmosphere is average, maintaining a steady operation.
3 Price Prediction
Cost pressures remain, but overall supply is sufficient, and there is no significant recovery in demand; the industry sentiment is cautious. It is expected that the domestic PA66 market will fluctuate weakly in the short term.