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Resin Price Index for November 26

Release time:

2018/11/26

This week, under the pressure of a significant drop in international oil prices, the raw materials market has returned to a weak state. However, the recent demand in the downstream resin market has been acceptable. As downstream manufacturers see no hope for continuous price reductions in resin, they have resumed purchasing raw materials from the market. This provides resin manufacturers with an opportunity to accelerate the adjustment of inventory costs, allowing them to adjust market prices in response to changes in the raw materials market. On a macro level, not only have automobile sales significantly declined, but the home appliance market has also started to weaken considerably. The continuous plummet in steel prices indicates that the construction market is also entering a phase of adjustment. Therefore, there is a generally pessimistic sentiment towards the future market, which will likely lead to the continued maintenance of a weak state in the raw materials market. For saturated resins, a stable yet weak market direction is expected to be the major trend moving forward.

This week, under the pressure of a significant drop in international oil prices, the raw material market has returned to a weak state. However, the recent demand in the downstream resin market is still acceptable. As downstream manufacturers see no hope for continuous price reductions in resin, they have resumed purchasing raw materials from the market. This provides resin manufacturers with an opportunity to accelerate the adjustment of inventory costs, allowing them to adjust market prices in response to changes in the raw material market. Macroscopically, not only have automobile sales significantly declined, but the home appliance market has also begun to weaken substantially. The continuous plummet in steel prices has led the construction market to enter an adjustment phase. Therefore, there is a general pessimistic sentiment towards the future market, which will continue to maintain a weak state in the raw material market. For saturated polyester resin, a stable yet weak market direction is expected in the near future.

General-purpose phthalate resin 20, double-ring (DC) hand-lay resin 50, artificial stone/quartz stone resin 40, pultruded resin -50, winding structural layer resin -10, winding para-xylene lining resin 0

NPG type compression resin 30, DPG type compression resin -10. The raw material market has returned to a weak state, with slight adjustments in resin costs, while market prices remain stable.

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Resin Price Index for November 26

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