Since the beginning of 2023, the price fluctuation of engineering plastics products has been relatively small. According to the data monitored by the Business News Agency, as of January 29, the growth rate of various engineering plastics varieties from high to low compared with the beginning of the month was PA6+3.25%, PC+0.29%, PET+0.14%, PA66 0%, POM 0%.
In January, there were many holidays before and after the New Year's Day and the Spring Festival, and most of the operators were shut down and delisted. The supply and demand of the industry both weakened, and the market momentum declined. At the same time, following the global inflation pattern last year, the profitability of engineering plastics manufacturing enterprises was weakened, and the operating risks of factories at all levels remained. Combined with the sharp decline of international oil prices at the beginning of the year, the common remote cost of the plastic industry has weakened. The benefits of the stock boom were mostly offset by the bad news in all aspects. On the whole, the market momentum of the engineering plastics industry was weak in January, and the price was stable and small.
The domestic PET market fluctuated in the first half of this month. At the beginning of the month, the crude oil price fell, and the support of PET remote raw material end was insufficient. Downstream just need to purchase, poor readiness to stock, slow logistics, old customers arrange orders for delivery, and new customers have limited orders. However, the glycol market continued to rise, which has a positive effect on the market after the PET festival. Although the terminal enterprises have not yet fully resumed work, the order volume of the polymerization plant is still acceptable and is gradually being digested. At the end of the month, the PET market may rise under pressure. It is suggested to pay close attention to the resumption process of relevant downstream enterprises.
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