[Today's Plastics Market] Weaker Fluctuations: PE, PP, PS, PBT Narrowly Volatile, PC Drops Up to 100
2025-08-22 18:14:57Summary: 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.
Mitsui Chemicals Expands Into Africa! Five Major Projects by Wanhua Chemical Announced! Sabic's PC Recycling Project Lands in Zhangjiagang
2025-08-22 17:23:39This week's major news: Mitsui Chemicals signed a memorandum of understanding with Nigeria's Dangote to expand into the African market; Wanhua Chemical announced five major projects covering polyurethane, petrochemicals, and new materials; Shengxiao's PC dissolution and regeneration project officially settled in Zhangjiagang Free Trade Zone. In terms of production capacity, Nippon Shokubai has built a new 50,000-ton SAP plant in Indonesia; Xuyang Chemical plans to construct a 230,000-ton nylon new materials project; Pujienenghua has successfully started up a 40,000-ton ultra-high molecular weight polyethylene project; Fuchun Dyeing and Weaving is expanding into the PEEK new materials sector. In terms of material innovation, SABIC launched a non-halogenated flame-retardant modified material to enhance electric vehicle safety; Henkel released a hot melt adhesive specifically for PET bottle labeling; Enhulai jointly developed an engineering plastic robotic gearbox solution; Enco Optical's PC automotive front windshield received EU certification. For more industry news, please read this week's [Weekly New Material Plastic Delivery]. Company News Mitsui Chemicals, expanding into Africa On August 21, Mitsui Chemicals announced the signing of a memorandum of understanding with Nigeria's Dangote and consulting firm AAIC Holdings to explore the possibility of cooperation in Africa, particularly in Nigeria. Dangote Industries Limited, established in 1981, is a diversified manufacturing enterprise and owns the largest oil refinery in Africa. The refinery is designed to process 650,000 barrels of crude oil per day, with an annual processing capacity of approximately 32.5 million tons. Once operational, it can fully meet Nigeria's demand for all refined products, with surpluses of each product available for export. It is reported that this refinery, which took 11 years to prepare and involved a massive investment of up to $23 billion, began operations early last year. The refinery will produce gasoline and diesel that meet European standards, as well as aviation fuel and polypropylene. Junhua Co., Ltd. has initiated its IPO counseling, with Guotai Haitong as the counseling institution. On August 21, according to the website of the China Securities Regulatory Commission, Jiangsu Junhua Special Polymer Materials Co., Ltd. has initiated its IPO counseling, with Guotai Haitong as the counseling institution. The counseling filing report shows that the controlling shareholder is Shanghai Junhua Qicheng Consulting Management Co., Ltd., holding a 49.4747% stake. Nippon Shokubai builds new SAP facility in Indonesia. Recently, Nippon Shokubai announced that its subsidiary, PT. Nippon Shokubai Indonesia (NSI), is constructing a new superabsorbent polymer (SAP) plant in Cilegon, Indonesia. The total investment in the project is USD 110 million, and upon completion, the plant will have an annual SAP production capacity of 50,000 tons. The new factory is expected to be completed in January 2027, and after it is put into operation, Nippon Shokubai Group’s total annual production capacity will reach 760,000 tons. Wanhua Chemical acquires Connell's specialty isocyanate business. On August 14, Wanhua Chemical submitted a proposal to acquire Vencorex's specialty isocyanate business in France through its Hungarian subsidiary, Borsodchem. The transaction is valued at approximately 1.2 million euros, with a commitment to invest 19 million euros by 2027. It involves Vencorex's production facility near Grenoble, France, as well as its only HDI monomer production base. Wanhua Chemical Announces Five Major Projects! Covering Polyurethanes, Petrochemicals, Fine Chemicals, and New Materials. Recently, Wanhua Chemical announced five major projects, aiming to consolidate its core business advantages through capacity expansion and technological upgrades, while accelerating a full-chain layout in the new energy battery materials sector. Its business covers three major segments: polyurethane, petrochemicals, fine chemicals, and new materials. The five projects are as follows: Phase I capacity expansion and technological upgrade of the polyurethane curing agent project; construction of a new 400,000 tons/year QH project by Wanhua Chemical (Penglai); 20,000 tons/year PTBP capacity expansion and renovation project by Wanhua Chemical (Yantai); construction of a new 960,000 tons/year PVC project by Wanrong New Materials (Fujian); and 120,000 tons/year iron phosphate capacity expansion project by Wanhua Chemical (Sichuan). In terms of performance, Wanhua achieved a revenue of 90.901 billion RMB in the first half of 2025, a year-on-year decrease of 6.35%. Hengli Chemical was merged. Recently, Hengli Petrochemical announced that its wholly-owned subsidiary Hengli Refining & Chemical will absorb and merge Hengli Chemical to optimize the management structure and improve operational efficiency. The merger reference date is July 31, 2025. After completion, Hengli Refining & Chemical will continue to operate, and Hengli Chemical will be legally deregistered. Both companies are wholly-owned subsidiaries of Hengli Petrochemical, and their financial statements have been consolidated into the company's combined financial reports. This absorption and merger will not have a significant impact on the company and is intended to reduce management costs and promote enterprise quality improvement and efficiency enhancement. Shengxiao PCThe dissolution and regeneration project has officially settled in Zhangjiagang. On August 19th, the signing ceremony for Trinseo's polycarbonate (PC) dissolution recycling project was held in the Zhangjiagang Free Trade Zone. Han Wei, Secretary of the Zhangjiagang Municipal Committee, Frank Bozich, CEO of Trinseo, Han Hendriks, Senior Vice President of Trinseo, and Arthas Yang, Senior Vice President and President of Trinseo Asia Pacific, attended the event together. As early as 2023, Trinseo launched a pilot plant for polycarbonate (PC) dissolution at its site in Terneuzen, Netherlands. After a comprehensive technical and commercial evaluation in 2024, it was decided to implement the PC dissolution and regeneration project at the Zhangjiagang site. "Dissolution recycling" is a physical recycling method that uses solvents to extract the desired polymer. The extracted polymer is used to manufacture new recycled polymers. Shengxiao possesses advanced dissolution technology, and the PC extracted after dissolution is 100% recycled PC, which can be blended into new materials for various applications. Including TPUOptical thin films! Changxin New Materials with an annual production of 13,000.Groundbreaking Ceremony for the High-Performance Multilayer Optical Film Project On August 18, Changxin New Material Technology (Shanghai) Co., Ltd. held a groundbreaking ceremony for its Ningbo Qianwan production base. The project has a total investment of approximately 1 billion RMB, with a planned land area of 80 mu and a total construction area of 115,337.92 square meters. The project will be constructed in two phases to build a modern intelligent factory. The first phase will cover 89,833.14 square meters, and the second phase will cover 25,504.78 square meters, aiming to create a specialized base integrating production, research and development, and supporting facilities. Another major company crosses into PEEK.Industry! Domestic production capacity may reach 10,000. Recently, Fuchun Dyeing and Weaving completed the election and re-election of its board of directors and announced its high-profile entry into the new materials sector. The company plans to build a large-scale intelligent industrial base on its headquarters' development zone, investing in the establishment of a wholly-owned subsidiary to focus on the research, innovation, and industrialization of Polyether Ether Ketone (PEEK). The total investment for this initiative amounts to 50 million yuan, with plans for additional capital injection based on the progress of the industry development in the future. Capacity Dynamics 4ten thousand tons/Year! The ultra-high molecular weight polyethylene project has been successfully commissioned. Recently, the 40,000-ton/year ultra-high molecular weight polyethylene (UHMWPE) project at PuJie Energy & Chemical was successfully commissioned in a single attempt, achieving smooth operation throughout the entire process. The project uses surplus ethylene from the company’s MTO and olefin separation units, as well as hydrogen-rich gas from the methanol center, with hexane as a solvent, to produce high molecular weight polyethylene products. These products are used in the manufacture of sheets, bulletproof vests, ropes and cables, pipes, and special-shaped parts. The project is expected to generate an annual profit of 87 million yuan. Xuyang Chemical’s Deployment 2310,000 tons/Nylon new material of the year On August 14, the first public announcement of the environmental impact assessment for the Cangzhou Xuyang Chemical Co., Ltd. project with an annual production capacity of 230,000 tons of nylon new materials was released. The project mainly involves the construction of the main plant, warehouses, a natural gas thermal station, and other supporting auxiliary facilities. It will establish four production lines for nylon new materials and purchase 22 sets of major equipment, including reactors, extraction towers, drying towers, and storage tanks. Upon completion, Xuyang Chemical will have an annual production capacity of 230,000 tons of nylon new materials, including 70,000 tons of fully matte high-speed cut chips, 70,000 tons of semi-matte high-speed cut chips, 70,000 tons of film-grade chips, and 20,000 tons of differentiated nylon chips. Innovative materials SABICLaunch non-halogen flame-retardant modified materialsEnhancing the safety performance of electric vehicle control units According to foreign media reports, chemical company Saudi Basic Industries Corporation (SABIC) has launched an LNP™ THERMOCOMP™ WFC061I modified material, which features excellent non-brominated/non-chlorinated flame retardancy (FR) designed to enhance the safety and functionality of critical components such as electric vehicle control units (EVCU). This new specialty material has been awarded the 2025 Edison Award and is especially suitable for manufacturing enclosures for various applications. With its outstanding structural performance, it effectively protects internal sensitive electronic parts from fire/smoke, impact, moisture, and other potential threats. Henkel launches products for PETHot melt adhesive for bottle labeling! Henkel has launched a new hot melt adhesive, Technomelt EM 335 RE, designed to address the issues associated with traditional hot melt adhesives and enable clean separation of PET bottle labels. Technomelt EM 335 RE features alkali dispersibility, achieving a removal rate of up to 98%. The adhesive residues are separated from the material stream together with the label residues. This new adhesive offers excellent performance and is an ideal choice for both paper and plastic labels. According to Henkel, this adhesive can reliably apply up to 40,000 bottle labels per hour, with a processing temperature as low as 110-140°C, which protects equipment, saves energy, and enhances operational stability. In addition, its formulation is free of mineral oils and complies with food-related regulations, making it suitable for sensitive applications. Sinochem Quanzhou Mass Production of Metal-Polyethylene Pipes Recently, Sinochem Quanzhou Petrochemical Co., Ltd. has achieved large-scale production of a new generation of heat-resistant polyethylene pipe material developed using metallocene catalysts. It is reported that this material possesses excellent heat resistance and temperature stability, allowing for long-term use under harsh working conditions of 70°C and 0.8 MPa. Additionally, the material exhibits outstanding resistance to temperature fluctuations, maintaining stability in environments with alternating hot and cold temperatures, and is not prone to cracking or deformation due to thermal stress. Furthermore, the material also demonstrates good flexibility, chemical resistance, and low-temperature impact resistance. Material Application Amcor and FlüggerDevelop an attractive 50% PCRPlastic paint container Amcor has partnered with Flügger to launch a new type of paint container that is more energy-efficient and visually striking, made from 50% post-consumer recycled (PCR) plastic, featuring a custom blue closely associated with the Flügger brand identity. The new container is part of Flügger's strategic goal to reduce the use of virgin plastic by increasing the proportion of recycled materials in the packaging, without affecting product quality or user experience. It also meets the requirements of various voluntary labeling programs, such as the Nordic Swan Ecolabel, which is widely used in Scandinavia. Wanhua Chemical ×Xingyu Co., Ltd. Signs Strategic Cooperation Agreement to Build a New Future for the Automotive Lighting Industry Together Facing the transformation of the automotive industry towards intelligence, lightweight, and electrification, especially the higher requirements that new energy vehicles impose on headlamp materials in terms of weather resistance, optical performance, lightweight, and environmental friendliness, both parties will focus on the innovative research, development, and application of key materials such as high-performance PC and PMMA. Through joint technological efforts and resource sharing, they will collaboratively develop next-generation headlamp solutions that meet cutting-edge demands. Enhua Power and SENTImotionFugen Group collaborates to achieve breakthroughs, empowering the mass production of high-cost-performance robots. Enhuali, SENTImotion, and Fugen Group have collaborated to develop a new robotic arm gearbox solution based on advanced engineering materials. Unlike traditional metal or ordinary plastic designs, this innovative solution helps achieve cost-effective mass production of lightweight, high-efficiency robots. The gearbox solution named SMFdrives uses Stanyl from Envalior as its core component.®The gearbox is made of PA46 material. Thanks to the properties of polyamide 46 and its low-density design, the weight of this gearbox is only about half that of similar metal products. Since the gear components can be mass-produced economically through precision injection molding, the production cost can be significantly reduced by about 50%. This gearbox design better meets the requirements for long-term durability, ensuring that various mechanical indicators satisfy the safe and reliable operation of robots throughout their entire lifecycle. Nikko Optical and Asahi Kasei jointly develop PC.The car windshield has passed the EU E-MARK certification. In the global trend of automotive lightweighting, the 6mm polycarbonate (PC) automotive windshield jointly developed by Jiangsu Anko Optical Materials Co., Ltd. (ANKO) and Asahi Kasei Corporation of Japan has obtained the EMARK certification issued by the United Nations Economic Commission for Europe (certificate number: E8*43R01/11*17083*00). This means that domestically produced PC windshields have, for the first time, qualified for entry into the high-end automotive market in the European Union. The product utilizes silicone coating technology and is manufactured through an extrusion molding process, featuring a standard thickness of 6mm and a curved dimension of 900mm×900mm. Notably, its outer surface meets the EU's highest standard L-level abrasion class (Light abrasion class), with a haze increase of no more than 2% after 1000 cycles of abrasion testing, outperforming the performance of ordinary PC materials. Recycled TPEApplication Case of Automotive Pedal Exterior Parts: Empowering Recycled Plastics to Enter the Green and High-end Market The Thermolast® R RC/UV/AP series, launched by global TPE manufacturer Kraiburg TPE, offers an eco-friendly upgrade solution for automotive exterior parts such as pedals. Featuring a recycled content of 15%–40%, this series ensures mechanical performance and service life while helping OEMs achieve carbon reduction goals and regulatory compliance. ProAmpac, a packaging company in the United StatesLaunch of recyclable polyolefin-based block cheese packaging American packaging company ProAmpac has announced the official commercial launch of its ProActive recyclable polyolefin-based packaging platform, specifically designed for high-speed block cheese packaging applications. This launch marks a significant advancement in the field of recyclable dairy packaging. "These specialized films offer excellent abrasion resistance and have successfully passed rigorous transportation tests, ensuring reliable protection for products throughout the entire process from production to distribution," said Ebrahim Jalali Dil, ProAmpac's Global Senior Innovation Leader. "The platform provides a range of barrier options tailored to different cheese forms and moisture contents, offering dairy brands the versatility and performance needed to maintain product freshness and shelf appeal." CortecLaunch 100%Bio-based packaging film Cortec® has launched its latest bioplastic product, achieving great success in the bio-based component sector. Eco Works® 100 is a certified industrial compostable packaging film (TÜV Austria, #TA8012509046) containing 100% USDA certified bio-based components, serving as an alternative to petroleum-based products. In a world where many are seeking environmentally friendly alternatives to traditional plastics, Eco Works® 100 offers a diverse market bioplastic option for those looking to maximize bio-based content and reduce dependence on petroleum. Editor: Lily
[pa6 daily review] supply decreases and downstream replenishes as needed, pa6 market steadies
2025-08-22 17:08:081 Today's Summary ①、 The weekly settlement price of Sinopec caprolactam is 9,290 RMB/ton (six-month acceptance with no interest), down 285 RMB/ton compared to the previous period. ②、 Sinopec has increased the price of pure benzene by 100 RMB/ton in its East China and South China refineries, setting the new price at 6,150 RMB/ton, effective from August 12. 2 Spot Overview Today, the polyamide 6 market is operating steadily. The raw material market remains stable, with cost pressures persisting due to the loss in chip profits. Moreover, downstream buyers are mainly replenishing stock at lower prices as needed. The atmosphere for transactions of some low-priced slices is acceptable, with market transactions being negotiated. The East China PA6 regular spinning is priced at 9150-9650 RMB/ton for cash with short delivery, while the high-speed spinning spot is at 9800-10000 RMB/ton for acceptance delivery. The price in Chaohu is 8550-8650 RMB/ton for cash self-pickup. 3 Production dynamics 1 The capacity utilization rate of polyamide 6 is 74.68%. 2 The profit for conventional spinning of polyamide 6 chips is -150 RMB/ton, and the profit for high-speed spinning is -351 RMB/ton. /ton. Figure 3: Domestic Polyamide 6 Capacity Utilization Rate Trend Chart Figure 4 Comparison of Domestic Polyamide 6 Profit and Price (Unit: Yuan/Ton) Data Source: Longzhong Information Data source: Longzhong Information 4 Price Prediction From the cost perspective, the caprolactam market is stabilizing, with losses in slice profits and continued cost pressure. From the supply and demand perspective, many domestic companies have reduced their operating rates, and more companies are planning to reduce production in the future, leading to expectations of reduced supply. Downstream activities are primarily focused on selecting low-cost options for replenishment as needed. It is expected that the PA6 market will experience slight adjustments in the near future. 5 Relevant product information ①、 Caprolactam Market: Today's East China Caprolactam price CPL market remains stable and consolidating at 8750 yuan/ton acceptance delivered. With the weekend approaching, spot trading has decreased, and the downstream is mainly in a wait-and-see mode. ②、 Nylon filament market: The market price of nylon POY85D/24 in the Jiangsu, Zhejiang, and Fujian regions is 11,500-12,500 yuan/ton. Some quotations are slightly higher, driven by costs. It is challenging for companies to trade at high quotations. The overall negotiation for nylon yarn is based on just-in-need, and the industry is operating at a slight profit. 6. Data Calendar Table 2 Overview of Domestic Polyamide 6 Data (Unit: 10,000 tons, RMB/ton, days) Data Publication Date Previous Data The trend for this period is expected Capacity utilization rate Thursday 4:00 PM 76.92% ↘ Weekly production Thursday 4:00 PM 12.85 ↘ Conventional spinning profit Thursday 4:00 PM -181 ↗ Conventional spinning inventory Thursday 4:00 PM 8 → Data source: Longzhong Information Remarks: 1 "Consider ↑↓ as significant fluctuations, highlighting data dimensions with an increase or decrease exceeding 3%." 2 Considered as narrow fluctuations, highlighting data with changes within 0-3%.
[PA66 Daily Review] Fundamentals Remain Stable, Market Consolidates
2025-08-22 17:05:251 Today's Summary ①、 On August 21: The traditional peak season for US fuel demand continues to provide positive support, and uncertainties remain regarding the Russia-Ukraine situation, leading to a rise in international oil prices. NYMEX crude oil futures for the October contract rose by $0.81 to $63.52 per barrel, up 1.29% compared to the previous period; ICE Brent oil futures for the October contract rose by $0.83 to $67.67 per barrel, up 1.24% compared to the previous period. China's INE crude oil futures for the 2510 contract rose by 4.7 to 486.7 yuan per barrel, with the night session rising by 6.2 to 492.9 yuan per barrel. ② Currently, the domestic PA66 capacity utilization rate is 62%, with a daily output of approximately 2,430 tons. Under the pressure of costs and demand, the capacity utilization of domestic polyamide 66 enterprises remains stable; however, downstream demand is generally weak, and the supply of goods in the domestic PA66 industry is abundant. 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, which is stable compared to yesterday’s price. 。 Raw material prices fluctuate, cost support remains stable, downstream purchases are made as needed, market transaction sentiment is average, and operations are being adjusted. Figure 1 Domestic PA66 Price Trend Chart in 2025 (RMB/ton) Figure 2 Price Trend Chart of Domestic PA66 in East China in 2025 (RMB/ton) Data Source: Longzhong Information Data Source: Longzhong Information 3 Production Updates Today, the capacity utilization rate of domestic polymer 66 enterprises is about 62%, and the industry's supply of goods is stable. In terms of profits, raw material prices have fluctuated little, cost pressure remains, and the market is weak, continuing to operate at a loss. Figure 5 Domestic PA66 Capacity Utilization Rate Trend for 2024-2025 Figure 6 Comparison of Domestic PA66 Profit and Price in 2025 (RMB/ton) Source of data: Longzhong Information Data source: Longzhong Information 4 Price Prediction Cost pressures remain, but overall supply is sufficient. However, there is no significant recovery in demand for now, leading to a cautious industry sentiment. The domestic PA66 market is expected to experience weak fluctuations in the short term. 5 Relevant Product Information Butadiene Market: The mainstream delivered price of butadiene in the central Shandong region is around 9,280-9,350 yuan/ton, down by 110 yuan compared with the previous period. Downstream demand is limited to just a small amount for rigid needs, and market trading sentiment remains weak. At the same time, the downstream synthetic rubber market has retreated, further dragging down the transaction focus in the market. Adipic acid market: The reference price of adipic acid in the East China market is 7,050-7,250 yuan/ton (acceptance, delivered), remaining stable compared to yesterday's price. Today in East China...Adipic Acid MarketThe market is stabilizing and consolidating. The supply-side benefits support the sentiment of industry players, and intermediaries keep their quotations stable. However, there is no significant improvement in end-user orders, and flexible demand follows up with negotiations based on actual orders. Attention is paid to real orders. 6 , Data Calendar Table 2 Overview of Domestic PA66 Data (Unit: 10,000 tons) Data Publication Date Previous period data Current Trend Forecast Capacity Utilization Rate Thursday 11:30 AM 60% → Weekly Output Thursday 4:00 PM 1.63 → Data source: Longzhong Information Note: 1 Treat ↓↑ as significant fluctuations, highlighting data dimensions where the increase or decrease exceeds 3%. 2 Considered as narrow fluctuations, highlighting data with changes within the range of 0-3%.
EU PFAS Regulation Upgraded Again! Mitsui Chemicals Enters Africa! Amcor Develops 50% PCR Products
2025-08-22 18:38:04International News Guide: Raw Material News - Mitsui Chemicals Enters Africa Automotive News - Nissan to Collaborate with LiCAP on Solid-State Battery Technology R&D Electronics News - Changhong Meiling's Overseas Revenue Reaches Approximately 3.6 Billion Yuan, a Year-on-Year Increase of 32% Packaging News - Amcor and Flügger Develop Eye-Catching Paint Container with 50% PCR Plastic Equipment News - Israeli Private Equity Giant Plans to Fully Acquire Landa Company for 80 Million USD Macro News - Japan's 30-Year Government Bond Yield Rises to a New High of 3.21% Price Information - Ethylene Asia: CFR Northeast Asia 830 USD/ton; CFR Southeast Asia 820 USD/ton The Details of International News: 1.Mitsui Chemicals Enters Africa Recently, Mitsui Chemicals announced the signing of a memorandum of understanding with Nigeria's Dangote and consulting firm AAIC Holdings to explore the possibility of cooperation in Africa, particularly in Nigeria. Dangote Industries Limited, founded in 1981, is a comprehensive manufacturing enterprise with Africa's largest oil refinery. 2. ECHA Publishes Updated Proposal to Restrict PFAS The European Chemicals Agency (ECHA) has published the updated proposal to restrict per- and polyfluoroalkyl substances (PFAS) under the EU’s chemicals regulation, REACH. The update has been prepared by the authorities from Denmark, Germany, the Netherlands, Norway and Sweden, who submitted the initial proposal in January 2023. 3. Brazil Recommends Preliminary Antidumping Duties on US, Canada PE Imports According to a resolution published in Brazil's Official Gazette on August 21, the Brazilian Foreign Trade Secretariat proposed to impose provisional anti-dumping duties on polyethylene (PE) products imported from the United States and Canada. The specified provisional anti-dumping duties are: 199.04 USD per ton for US polyethylene products and 238.49 USD per ton for Canadian polyethylene products. The resolution still needs to be approved by the Brazilian Foreign Trade Commission before it can be applied to North American polyethylene imports. The commission's next meeting is scheduled for August. Brazil’s Secretariat of Foreign Commerce recommended implementing preliminary antidumping duties against US and Canadian polyethylene (PE) imports, according to a resolution published in the country’s Official Gazette Aug. 21. 4. Amcor and Flügger Develop Eye-Catching Paint Container with 50% PCR PlasticAmcor in partnership with Flügger, a new, more material-efficient and eye-catching paint container made with 50% post-consumer recycled (PCR) plastic, featuring a custom blue color that aligns closely with Flügger’s brand identity. 5. Nissan to Collaborate with LiCAP on Solid-State Battery Technology R&DAccording to foreign media reports, Nissan Motor has recently reached a cooperation with US battery technology company LiCAP Technologies to jointly promote the R&D of next-generation dry electrode production process technology for electric vehicles. The two parties will work together to develop dry electrode production process technology for all-solid-state battery (ASSB) cathodes, which is one of the core components driving the development of electric vehicles. 6. Chabaidao's First North American Store Opens in New YorkRecently, Chabaidao's first North American store is set to open in New York, USA, located on Main Street in Flushing, Queens, New York City. Flushing is the largest Chinese community in New York and even the entire United States. In July this year, Chabaidao officially entered the Singapore market, opening two stores on the first day, with customers waiting for an average of over 2 hours. Previously, in May, Chabaidao's first French store also opened in the 13th arrondissement of Paris. 7. Changhong Meiling's Overseas Revenue Reaches Approximately 3.667 Billion Yuan, a Year-on-Year Increase of 32.18% In the first half of 2025, Changhong Meiling's domestic revenue reached approximately 11.704 billion yuan, a year-on-year increase of 15.4%; overseas revenue reached approximately 3.667 billion yuan, a year-on-year increase of 32.18%. The company's operating income was 18.07 billion yuan, a year-on-year increase of 20.8%; the net profit attributable to the parent company was 417 million yuan, a year-on-year increase of 0.26%. 8. Israeli Private Equity Giant Plans to Fully Acquire Landa Corporation for $80 Million Landa Corporation announced a major strategic development: the company has received an $80 million acquisition offer from Israeli private equity firm FIMI Opportunity Funds. This Israeli digital printing company is currently under a litigation suspension period, which will expire at the end of this month. Founded by serial entrepreneur Benny Landa, Landa Corporation specializes in the development and manufacturing of nano-scale digital printing presses. Overseas Macro Market Information: Germany's Q2 GDP Revised Down, Contraction Exceeds Initial Estimate Germany's economic contraction in the second quarter exceeded initial estimates, with manufacturing performance far worse than expected. The statistics office announced on Friday that the quarterly gross domestic product (GDP) fell by 0.3% quarter-on-quarter, compared with the initial estimate of a 0.1% decline. Investment was also a major drag, dropping by 1.4%, while the support of private consumption to GDP was far lower than initially estimated. "Industrial production performed particularly worse than initially estimated," the statistics agency said in a statement. The economic contraction is a setback for Europe's largest economy, dashing hopes that it could soon emerge from two consecutive years of recession following the outbreak of the Russia-Ukraine conflict. Japan's 30-Year Government Bond Yield Rises to A New High of 3.21% Japan's 30-year government bond yield hit a record high since its launch in 1999. Tesla Raises Price of Cyberbeast Model in The US According to pricing information on Tesla's US website, the company has raised the price of its Cybertruck's Cyberbeast model from 99,990 USD to 114,990 USD, an increase of 15,000 USD. Price Information: RMB/USD Central Parity Rate The central parity rate of RMB against the USD was reported at 7.1321, down 34 points; the central parity rate of the previous trading day was 7.1287, the official closing price of the previous trading day was 7.1778, and the night session closing price was 7.1802. Upstream Raw Material USD Market Prices Ethylene Asia: CFR Northeast Asia 830 USD/ton; CFR Southeast Asia 820 USD/ton. Propylene Northeast Asia: FOB South Korea average 750 USD/ton; CFR China average 780 USD/ton. North Asia frozen cargo CIF price: propane 530-532 USD/ton; butane 530-532 USD/ton. South China frozen cargo CIF price for September delivery: propane 565-575 USD/ton; butane 545-555 USD/ton. Taiwan region frozen cargo CIF price: propane 530-532 USD/ton; butane 530-532 USD/ton. LLDPE USD Market Prices Film: 855-915 USD/ton (CFR Huangpu), with the low end down by 5 USD/ton and the high end up by 5 USD/ton; Injection molding: 950 USD/ton (CFR Dongguan). HDPE USD Market Prices Film: 905-970 USD/ton (CFR Huangpu); Blow molding: 855 USD/ton (CFR Huangpu); Injection molding: 870 USD/ton (CFR Huangpu); Pipes: 1025 USD/ton (CFR Huangpu). LDPE USD Market Prices Film: 1100 USD/ton (CFR Huangpu), down by 10 USD/ton; Coating: 1280 USD/ton (CFR Huangpu). PP USD Market Prices Homopolymer: 895-965 USD/ton (CFR Huangpu); Copolymer: 900-965 USD/ton (CFR Nansha); Film grade: 1030 USD/ton (CFR Nansha); Transparent grade: 970-1055 USD/ton (CFR Huangpu); Pipe grade: 1130 USD/ton (CFR Shanghai).
[Daily POM Review] Slow Spot Circulation Puts Pressure on Market Sales
2025-08-22 16:53:271. Today's Summary 1. The market sales are generally average. 。 ②. The profit margin for businesses has increased. 2 Spot Overview The price of Yun Tianhua M90 in Yuyao today is 11,000 RMB/ton, remaining stable compared to the previous period. Today, the POM market remained in a wait-and-see mode with limited support from the supply side. Petrochemical plants maintained a firm pricing attitude, but sales performance in various regions was weak. Traders showed a lack of enthusiasm in operations, and some quotations still had room for negotiation, with deals being discussed on a case-by-case basis. By the close, the domestic POM price in the Yuyao market (including tax) was 8,100–11,200 yuan/ton, while the cash price in the Dongguan market was 7,300–10,400 yuan/ton. Figure 1 Domestic POM Price Trend Chart for 2024-2025 (Yuan/ton) Figure 2: 2024-2025 Domestic POM Regional Price Trend Chart (Yuan/Ton) Data Source: Longzhong Information Data source: Longzhong Information 3 Production Dynamics The domestic POM capacity utilization rate this week is 91.85%, a decrease of 1.30% compared to last week's operation rate. The 40,000-ton/year POM unit at Tianjin Bohua is shut down for maintenance, while POM units from other manufacturers are operating stably. The loss due to maintenance fluctuated little this week. Methanol prices are rising, while POM prices remain stable. The product gross margin slightly decreased, reducing the profit margin by 35 yuan per ton. Figure 3 Trend of Domestic POM Capacity Utilization Rate in 2024-2025 Figure 4 Comparison of Domestic POM Profit and Price in 2024-2025 (Yuan/ton) Data source: Longzhong Information Data Source: Longzhong Information 4. Price Forecast There is currently no effective fundamental support, market sentiment is increasingly cautious across regions, and sales performance remains sluggish. Traders are under considerable pressure to move inventory, with some continuing to offer slight price concessions. End-user purchasing interest is weak, and the short-term focus is mainly on digesting in-plant inventories, resulting in a relatively flat trading atmosphere. As of market 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. 5 Relevant product information: Methanol:Today's methanol spot price index is 2165.87, down by 3.17. The Taicang spot price is 2305, up by 25, and the Inner Mongolia north line price is 2070, unchanged. According to Longzhong's monitoring of prices in 20 major cities, prices in 8 cities have risen to varying degrees, with increases ranging from 8 to 25 yuan/ton. Today, the methanol market in Northwest China remains stable, with trading activity showing some recovery compared to yesterday. The market atmosphere in the morning still appeared sluggish, with some companies continuing to lower prices to clear stocks. However, with inquiries for external procurement from Ningxia olefins appearing, market buying interest was boosted, and the trading atmosphere improved, leading to a slight increase in transaction prices. The trade switching market followed the trend with a slight increase, but the buying attitude remained cautious, with mostly low-end just-in-need transactions. Overall, supported by external procurement of olefins, transactions in the market have improved, but the sustainability of demand remains to be observed. In the short term, the market may maintain a choppy consolidation pattern. 6 Data Calendar Table 2 Overview of Domestic POM Data (Unit: 10,000 tons) Data Publication Date Previous period data This period's trend is expected Capacity utilization rate Thursday 17:00 91.85% ↘ Production Profit Margin Thursday 5:00 PM 1.77% ↘ Data Source: Longzhong Information Note: 1. ↓↑ is considered a significant fluctuation, highlighting data dimensions with a change of more than 3%. 2. ↗↘ are regarded as narrow fluctuations, highlighting data with a rise or fall within 0-3%.
Supply and demand and the peak season expectations game, PP, PE market tight trading range！
Federal Reserve cuts interest rates, encouraging domestic consumption to stabilize housing prices！
