BEIJING, April 26 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, analyzes the plastics market's trends.
Polyethylene market (PE): the polyethylene market in Asia this week has seen sluggish demand. The trend is still weak.
Polypropylene market (PP): the polypropylene market in Asia is relatively stable this week. As crude oil and acrylic monomers are on a relative high, most Asian manufacturers do not want to reduce the offer.
Polyethylene (PE): caused by China's domestic petrochemical prices pushing higher, international oil prices are in a new climate driven by the market to buy gas gradually warming. The price increase is around 50-200 yuan, on which the linear polyethylene is increasing largely.
Polypropylene (PP): driven by soaring international oil prices and together with a push in petrochemical prices, this week saw the domestic market heating up. The price steadily rose by 100 yuan, and trading volume is gradually enlarging.
Forecasts for next week's market trends
Polypropylene: with oil prices rising, market buying confidence is boosted. The price will continue to rise. Market demand may create suppression. Therefore, next week's polypropylene market trends: a narrow range up half of the week.
Polyethylene: demand has sees no obvious improvement. With weak demand, market-buying interest turns weak. It is difficult to have a good short-term market performance. The next week, the polyethylene market will show weak trends.
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SOURCE Himfr.com
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