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2024.01.15

This week's waste plastics forecast: the market will remain weak, and downward pressure on raw materials needs to be vigilant

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1. PE market forecast:


This week, the polyethylene market or continue to be under pressure, the supply is relatively abundant, the demand off-season effect is still in, traders or will continue to make profit shipments, the market performance or show a weak trend.


2. PP market forecast:


It is expected that the polypropylene market will remain weak in the short term or maintain strong cost support this week, but the downstream demand is weak, regenerative enterprises will remain cautious, and market prices will continue to adjust.


3. PVC market forecast:


This week, the PVC market or will continue to weak finishing, futures prices fell, recycled PVC light, the business mentality is short, the market or difficult to have significant changes in the short term.


4. PS market forecast:


Under the influence of crude oil price fluctuations, the PS market demand is indifferent, and the business wait-and-see atmosphere is strong, and the PS market is expected to maintain a narrow volatility pattern this week.


5. ABS Market forecast:


Cost support weakened, but the demand side is still weak, the ABS market this week or will continue to fluctuate in a narrow range, merchants or maintain a wait-and-see state.


6. PET market forecast:


International oil prices are unstable, the PET market may be under cost pressure, but downstream demand is weak, and the market may continue to be cautious this week.


7. Recycled materials market forecast:


This week PE, PP, PVC and other recycled materials market or maintain a weak and stable trend, some areas may be shut down and production situation, recycling enterprises or will adopt conservative operation strategy.


8. Overall forecast Outlook:


Due to the volatility of the crude oil market, the off-season demand and other macro factors, the overall waste plastics market will continue to be weak this week. Industry participants need to pay close attention to market dynamics, timely adjust strategies, and prevent market risks.


Please note that the above information is based on market information and does not constitute any form of investment advice. For specific investment decisions, be sure to conduct your own comprehensive judgment and adequate analysis in order to make a final decision.


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