According to statistics, the total spot trading volume of Dongguan market in October 2022 was 540400 tons, a month on month decrease of 126700 tons. Compared with September, PC spot trading volume dropped significantly. After the National Day, the focus of raw material bisphenol a report remained stable and the cost support was good. In the middle and late period, crude oil continued to decline, raw material bisphenol a fell frequently, cost support was weak, the market was bearish, and PC prices were weak due to shocks.

ABS market prices rose first and then fell. On the first day after the festival, the factory quotation of the petrochemical plant rose all over the line, and the market kept up; However, the market is resistant to high price commodity inventory. After the price rose, it quickly retreated. From the middle, the ABS market price fell across the board. The market demand was weak. Petrochemical plants continued to lower their factory quotations. The sharp drop in styrene prices affected the industry’s mentality and prices fell.
PP market price fell after rising, and then fluctuated. During the National Day, crude oil rose sharply and returned to the market after the festival. PP spot price rose accordingly, and the market hype atmosphere was strong; However, the downstream resistance to high prices gradually emerged, and the trading focus declined. Subsequently, the futures market continued to fall, curbing the market mentality. There is a strong wait-and-see atmosphere in the spot market, and merchants are under great pressure to ship. At the end of the month, polypropylene still lacked positive factors, and the market trading focus continued to decline.
The domestic PC price is narrow and weak. PC factory has no latest price adjustment trends, and the overall atmosphere is quiet. The latest foreign market of imported materials in November was about 2000 dollars/ton; From the spot market, the East China market is dominated by stalemate, with little support from internal and external market costs and supply. In the case of operators waiting for high prices, some quotations in the South China market continued to fall, operators were waiting for a fall, accompanied by a strong willingness to ship, downstream purchases were slow to follow up, and intraday firm trading volume was scarce. The downstream terminal consumption is just limited, the destocking cycle of the PC industry is slow, and the short-term market price is expected to fall slightly.

Chemwin is a chemical raw material trading company in China, located in Shanghai Pudong New Area, with a network of ports, terminals, airports and railroad transportation, and with chemical and hazardous chemical warehouses in Shanghai, Guangzhou, Jiangyin, Dalian and Ningbo Zhoushan, China, storing more than 50,000 tons of chemical raw materials all year round, with sufficient supply, welcome to purchase and inquire. chemwin email: service@skychemwin.com whatsapp: 19117288062 Tel: +86 4008620777 +86 19117288062