Summary: Summary of April 2 plastic market general materials and engineering materials prices and forecasts! General materials show mixed trends, with limited improvement in supply and demand; polyethylene prices fluctuate slightly; PP sees a minor increase; PVC market falls by 10-20; ABS market fluctuates with increases and decreases, with a maximum increase of 250; PS and EVA markets fluctuate weakly and steadily. Most engineering materials remain stable, with PC seeing individual increases of 25-50; polyester chip prices drop by 10-20; POM sees the highest decrease of 150; PBT market centers weaken with fluctuation, with individual decreases of 50; PA6 market price increases by 50-200; PA66 and PMMA operate in a stalemate. General MaterialsPE：Market demand is limited, and the price of polyethylene fluctuates.1 Today's SummaryOn April 1st, the market focus shifted from sanctions on oil-producing countries to the U.S. tariff hike policy, with concerns that the demand outlook would be dragged down, leading to a fall in international oil prices. The NYMEX crude oil futures contract for May fell by $0.28 per barrel to $71.20, a decrease of 0.39% from the previous day. The ICE Brent crude oil futures contract for June, after the rollover, fell by $0.28 per barrel to $74.49, a decrease of 0.37% from the previous day. China's INE crude oil futures main contract 2505 rose by 11.6 yuan to 549 yuan per barrel, and during the night session, it increased by 4.3 yuan to 553.3 yuan per barrel.Today, the HDPE market price has been adjusted by 2-6 yuan/ton; the LDPE market price has risen slightly by 2 yuan/ton; the LLDPE market price has decreased slightly by 7 yuan/ton.2 Spot OverviewTable 1 Summary of Domestic Polyethylene Closing Prices (Unit: Yuan/Ton)Today, the domestic polyethylene spot market prices showed mixed trends. HDPE spot market prices made slight adjustments of 2-6 yuan/ton. Some maintenance and production changes led to a slight tightening of supply, but overall market demand remains limited, with end users showing clear resistance to high-priced resources, resulting in mainly minor price fluctuations. LDPE spot market prices rose slightly by 2 yuan/ton, with relatively stable LDPE supply and some improvement in downstream demand, leading to a slight increase in market quotations. LLDPE spot market prices fell slightly by 7 yuan/ton, with overall supply pressure in the market being significant, and no apparent improvement in downstream demand. Market participants are lacking confidence and are mostly maintaining active sales, resulting in continuous slight price declines.3. Price PredictionWith the approach of the Qingming long weekend, merchants maintain an active attitude towards selling goods. Supply pressure remains, so the price levels for most grades are still low. In the short term, with expectations of increased production from new facilities such as Exxon and Inner Mongolia Baofeng, terminal inquiries may target even lower prices. As a result, traders might be forced to offer discounts; however, strong cost support will remain. After low-end transactions pick up, it will provide market confidence, leading prices to likely remain in a narrow range at a low level. PP： Macro利好支撑 Polypropylene prices rise slightly1 Today's Summary① Sinopec Central China PP part adjusted downward: Luoyang wire drawing 7300, M18 to 7300; Zhonghan 8009 to 7600; Zhongyuan MT35 to 8050, MT75N to 7550.② Today, the domestic polypropylene shutdown impact decreased by 1.64% to 17.08%. Details of today's domestic PP maintenance facility changes: Zhongjing Petrochemical Phase II Line 2 (600,000 tons/year) PP facility has restarted. The daily production ratio of injection molding dropped by 2.08% to 25.41%, mainly due to the second line of Sinochem Quanzhou being switched to produce other products.This week (March 21-27, 2025), the supply and demand gap has narrowed significantly to 35,100 tons, mainly due to an increase in plant maintenance leading to a notable decrease in supply, coupled with demand still slowly recovering, resulting in an improvement in the supply and demand gap.2 Spot OverviewTable 1: Domestic Polypropylene Price Summary (Unit: Yuan/Ton)Based on the East China region, today's polypropylene filament closed at 7369 yuan/ton, an increase of 8 yuan/ton from yesterday, in line with the morning's expectations.Futures fluctuated slightly upward, with polypropylene prices consolidating within a range today. The implementation of tariff policies boosted the market, and the red futures market supported spot offers. However, terminal demand was lackluster, leading to mixed spot price movements. Market participants mostly followed the market trend, with actual transactions negotiated. As of midday, the mainstream price for drawing in East China was between 7320-7450 yuan/ton.Price ForecastAffected by the U.S. tariff policy, international oil prices may be dragged down by demand prospects, and the cost side is expected to provide limited support for polypropylene (PP). On the demand side, downstream procurement remains based on just-in-time needs, and is mainly focused on buying at low prices, which does not provide much boost to the market. On the supply side, there are currently no new capacity expansions, and in addition, short-term maintenance of production facilities remains relatively concentrated, so the supply pressure is still manageable. It is expected that the polypropylene market may experience range-bound fluctuations tomorrow, with mainstream prices for wire drawing in East China at 7,300-7,450 yuan/ton. PVC：Weak supply and demand, PVC spot prices remain volatile.1. Today's Summary① The ex-factory prices of domestic PVC producers have decreased by 20 yuan per ton respectively.2. During the startup of Qinzhou Huayi, the startup time for Yanhai Magnesium Industry's ethylene process is to be determined.③ The adjustment details for oil prices are as follows: the retail price limits for gasoline and diesel in China will be increased by 230 yuan and 220 yuan per ton, respectively. The price of No. 95 gasoline will increase by 0.19 yuan per liter.2 Spot OverviewTable 1 Summary of Domestic PVC Spot Prices (RMB/ton)Based on the East China Changzhou market, the spot cash pickup price for type five PVC produced by the calcium carbide method in East China is 4900 yuan/ton today, remaining stable compared to the previous trading day.。The domestic PVC market remains weakly volatile, with pessimistic expectations for macro policies. The spot market is mostly stable, with prices on the futures market mainly looking for lower levels. Export quotations have slightly decreased due to weakening demand. In the East China region, the cash price for warehouse delivery of calcium carbide method No. 5 type is between 4870-5000 yuan/ton, while the ethylene method is between 5000-5200 yuan/ton.3.Price forecastMeasureThe domestic PVC market is experiencing fluctuations and a weakening trend, with concerns about the impact of increased tariffs on raw material and product exports. The supply expectations for spot fundamentals have weakened due to maintenance, and domestic demand remains sluggish, with foreign trade exports being the main focus. Both supply and demand are lacking, leading to a weak and fluctuating spot price trend. In the short term, cost support remains stable, and it is expected that the PVC market will maintain a small range of weak fluctuations. The cash price for electric calcium carbide method PVC in East China is expected to be in the range of 4800-5000 yuan/ton. PS： Styrene rebounds and then fluctuates, market prices stabilize.1 Today's summary Today, the East China GPPS market remained stable at 8,400 yuan/ton, in line with the morning forecast.② On Wednesday, the styrene market in East China fell by 65 to close at 8,050 yuan/ton, South China dropped by 50 to 8,150 yuan/ton, while Shandong rose by 15 to 8,015 yuan/ton.2 Spot OverviewTable 1 Domestic PS Price Summary (Unit: RMB/ton)According to statistics, today the East China GPPS is stable at 8400 yuan/ton.Upstream styrene showed a slight rebound followed by consolidation, with the market mainly holding firm on prices. However, supply remains high, and overall market inventory is ample. After recent restocking, buyers have adopted a wait-and-see approach, leading to weaker trading activity compared to the previous day.3. Price PredictionThe frequent fluctuations in raw styrene have created significant uncertainty regarding cost support. With supply remaining high and demand falling short of expectations, there has been some improvement in low-end sales, but prices struggle to rise. In the near term, the PS market may consolidate within a narrow range. It is anticipated that the华东market for modified styrene will likely trade between 8,400 to 9,800 yuan per ton. ABS：The market for filling gaps has ended, and today's trading has turned subdued.1 Today's Summary:① Prices in South China rose and fell; prices in East China rose and fell, but overall transactions were good. 2. The monthly ABS production in April is expected to slightly decrease from the previous month.2 Spot OverviewTable 1 Summary of Domestic ABS Prices (Unit: Yuan/Ton)Based on the benchmarks of Yuyao and Dongguan regions, market prices have experienced both increases and decreases.Today's market trading has turned quiet, the short-covering rally has ended, and some models have seen a pullback and adjustment, with market prices fluctuating between increases and decreases.3、Price ForecastToday, prices in South China fell slightly, while those in East China declined, with overall transactions being weak. Trade merchants are finding it difficult to sell, and supply has increased significantly. It is expected that domestic ABS prices will continue to show a downward trend tomorrow. EVA：Low demand for foaming, focus of negotiations is relaxed.1 Today's SummaryThis week, the ex-factory price of EVA petrochemical plants remains stable.This week, most of the EVA petrochemical facilities are in stable production.2 Spot OverviewTable 1 Domestic EVA Price Summary (Unit: Yuan/Ton)Today's domestic EVA market atmosphere was lackluster. Traders in the market held divergent mindsets, leading to a somewhat chaotic offering situation. The demand for foaming applications advanced slowly, and some holders, driven by panic, offered discounts to promote transactions. Most deals were reached through negotiations, with a weak and wait-and-see atmosphere prevailing. By the close of the market, soft material was quoted at RMB 11,400-11,900/ton, and hard material was quoted at RMB 11,300-11,800/ton.3.Price ForecastIn the short term, the domestic EVA market fundamentals are expected to remain in a stalemate. Demand from the photovoltaic sector provides temporary positive support, with EVA manufacturers holding firm to stabilize the market. Mainstream agents follow suit to maintain stability, while downstream foam demand continues to follow rigid needs. The market transaction pace remains slow, and the supply-demand game persists. Industry players adopt a cautious approach to operations. Longzhong Information predicts that the domestic EVA market will experience weak and stable consolidation in the short term. Engineering materialsPC：The PC market is trending upwards with a strong consolidation.1、Spot OverviewTable 1: Summary of Domestic PC Prices (Unit: RMB/ton)Today's domestic PC market showed a slightly stronger trend. In the East China market, the mainstream intended price for domestic PC sources was between 12,200-12,650 yuan/ton, slightly stronger compared to the previous trading day. In the South China market, the mainstream intended price for domestic PC sources was between 12,400-13,000 yuan/ton, stable compared to the previous trading day. For foreign sources, prices of most goods remained stable. The mainstream price of Lotte 1100 in East China was 12,800-13,000 yuan/ton, stable compared to the previous trading day. The mainstream price of Covestro 2805 in South China was 15,150-15,300 yuan/ton, also stable compared to the previous trading day. The raw material Bisphenol A continued its upward trend, providing stronger support to the PC market. During the trading day, some offers continued to rise slightly, but downstream buyers became more cautious about chasing higher prices. New order transactions decreased compared to earlier in the week, and market participants started to adopt a wait-and-see attitude.Price PredictionIt is expected that the PC market will digest the increase in the near future. The specific reasons are as follows:Supply:Supply is abundant, and the seller's报价 is either stable or slightly fluctuating.Requirement:The overall downstream willingness to chase gains remains cautious.Cost: The slight increase in raw material bisphenol A provided support for the PC market. PET：The price of polyester bottle flakes has dropped by 10-20.1 Today's Summary①,华润 prices fluctuate slightly while other factories remain stable (Unit: Yuan per ton)②. Today, the domestic polyester bottle chip capacity utilization rate reached 72.61% (revised from yesterday's 72.61%).2 Spot OverviewTable 1 Domestic Polyester Bottle Chip Price Summary (Unit: Yuan/Ton)Based on the East China region, the spot price of polyester bottle chip (water bottle grade) today closed at 6065, down 15 from the previous working day, in line with the morning's expectations.Crude oil prices are correcting. Although news of maintenance at a major PTA plant has emerged, raw material prices continue to lack upward momentum. Most polyester bottle chip plants are holding steady, with partial price adjustments. Traders are mainly focused on offloading inventory, with April shipments reportedly transacted at 6,040–6,130 or at a discount of 30 to a premium of 50 against the 2505 contract. The basis has weakened slightly, with sporadic restocking for rigid demand and subdued trading activity. (Unit: RMB/ton)3、Price ForecastThe market is largely waiting for news on the U.S. imposing additional tariffs, leading to relatively stagnant trading. On the supply side, a major manufacturer has restarted a 700,000-ton facility, raising expectations for increased supply. Downstream demand remains focused on essential restocking, with low purchasing intention before the holidays. The polyester bottle chip market is experiencing weak fluctuations, and it is expected that the spot price for water bottle materials will operate in the range of 6000-6150 tomorrow. POM：Demand performance is weak, transactions continue through negotiation.1. Today's SummaryThe domestic material manufacturers have lowered their factory prices.2. Inadequate follow-up on demand orders, resulting in average sales performance.2Spot OverviewTable 1 Summary of Domestic POM Prices (Unit: Yuan per ton)Based on the Yuyao area, today the price of Yun Tianhua M90 is 13,500 yuan/ton, with limited price fluctuations.Today, the POM market saw a downward trend in its center of gravity. Shipments were slow across various regions, increasing the pressure on petrochemical plants to offload inventory. Some POM manufacturers further reduced their ex-factory prices, dampening market sentiment. Traders lacked confidence in their operations, leading to a continued decline in mainstream offers by 100-800 yuan/ton. Downstream users remained cautious and观望情绪主导, resulting in subdued trading activity. The mainstream报价区间 ranged from 9,800 to 13,700 yuan/ton.3、Price prediction The shipment situation in various regions has not improved significantly during the week. The total inventory of POM petrochemical plants will continue to rise. In addition, some manufacturers have lowered their ex-factory prices for the second time, making it difficult for the market sentiment to be supported. Traders are less interested in operations, and the focus of quotations will continue to fall. End users are mostly cautious and观望ing, with sporadic actual transactions. It is expected that the domestic POM market will fall narrowly in the short term. PBT：The PBT market shows a weak and fluctuating trend.1 Today's Summary①PBT manufacturers' quotations remain stable.This week, the supply side saw the restart of PBT operations at the Fujian Meizhou Bay facility.③ China's PBT industry production reached 23,075 tons this week, with a capacity utilization rate of 54.32%, an increase of 4.47% compared to last week. The domestic average gross profit for PBT in China this week was -498 yuan per ton, a decrease of 97 yuan per ton compared to last week.2 Spot OverviewTable 1: Summary of Domestic PBT Prices (Unit: RMB/ton)Translate the above content from Chinese to English and output the translation result directly without any explanationThe East China region is the benchmark.Today, the mainstream price for medium to low viscosity PBT resin is between 7800-8200 yuan/ton.Decreased by 50 yuan/ton compared to yesterday。Today, the PBT market is weak and falling, while the PTA market remains steady. The BDO market is operating with观望 (wait-and-see attitude). With general cost support, the PBT supply side continues to focus on sales, and there are reports of lower prices in the market, causing the market's focus to weaken and fall. According to Longzhong Information statistics, the price range for medium to low viscosity PBT pure resin in the East China market is between 7800-8200 yuan per ton.3. Price PredictionIt is expected that the PBT market will remain weak and观望 (note: 'watchful' or 'cautious'). On the cost side, there is an expectation of reduced load in both supply and demand for PTA, with poor purchasing enthusiasm from downstream buyers, leading to a low overall valuation of the industry chain. However, cost support remains, and the market lacks a sustained driving force. In the short term, the domestic PTA spot market will maintain a volatile pattern. BDO currently has decent support on the supply side, with downstream demand following at a basic pace, but the cost transmission within the industry chain is not smooth, suppressing the movement of raw materials, and the market performance is weak. With average cost support, the PBT market sees an increase in the mentality of shipping out goods, and there may be an increase in low-priced sources in the market, causing the market focus to run weakly. Therefore, it is expected that the medium and low viscosity PBT resin in the East China market will be priced at 7800-8100 yuan/ton tomorrow. PA6：Rigid报价 firm for slice manufacturers as PA6 market prices increase1 Today's Summary①. Sinopec's weekly settlement price for caprolactam was 10,280 yuan/ton (six-month interest-free acceptance), a decrease of 100 yuan/ton compared to last week.② Sinopec pure benzene price at refineries in East China and South China increased by 150 yuan per ton, now executing at 6750 yuan per ton, with prices effective from April 1st.2 Spot OverviewTable 1 Summary of Domestic Polyamide 6 Prices (Unit: RMB/ton)Today, the price of conventional spinning polyamide 6 chips has risen. The supply of raw material caprolactam has decreased, and companies are holding firm on their quotations. The cost support for chips has strengthened, and polymerization companies, with thin profit margins, have raised the ex-factory prices of chips. However, downstream production companies are cautiously observing the market, replenishing stocks at appropriate prices, resulting in limited transactions. Market negotiations are based on actual orders. In East China, conventional spinning PA6 is priced at 10,650-10,950 yuan/ton cash on short delivery, while high-speed spinning spot is priced at 11,100-11,600 yuan/ton on acceptance delivery. In Chaohu, the price is 9,800-9,900 yuan/ton cash on self-pickup.3、Price ForecastFrom the cost perspective, the supply of raw material caprolactam has decreased, leading to a relatively firm price, and the pressure on polymerization costs has increased. From the supply and demand perspective, Zhejiang Fangyuan and Fangming are undergoing maintenance shutdowns, and some enterprises are reducing production, resulting in decreased supply. Downstream businesses are primarily restocking on demand, and some polymerization companies have reduced inventory pressure. It is expected that the nylon 6 market will operate with a slight preference for consolidation in the near term, closely monitoring downstream demand and manufacturers' pricing dynamics. PMMA： The upstream and downstream sectors continue to game, and the market maintains a stable trend.1. Today's summary① Today's factory prices remain stable.2. The domestic utilization rate of PMMA particles today is 64%.2 Spot OverviewTable 1 Summary of Domestic PMMA Particle Prices (Unit: CNY/ton)PMMA particle prices in East China closed at 16,700 yuan per ton today, unchanged from yesterday, below early expectations.Today, the PMMA particle market remained stable, with a predominant wait-and-see attitude. Suppliers showed no clear intention for deep price cuts, maintaining steady pricing sentiment. Downstream demand stayed unchanged, with procurement continuing at a rigid pace, while actual transaction volumes saw insufficient follow-up.3. Price PredictionThe short-term PMMA particle market price is stable, with sellers maintaining a steady mindset and limited room for negotiation. At the beginning of the month, there is insufficient market news and we still need to wait for further clarification in the market. In summary, with ongoing games between upstream and downstream, the short-term PMMA particle market is expected to maintain a steady trend, with attention on the shipping rhythm and receiving dynamics. PA66Downstream purchases at high prices are cautious, and the market is consolidating weakly.1 Today's summary① On April 1, market attention shifted from production sanctions to U.S. tariff policies, raising concerns about the drag on demand prospects, leading to a decline in international oil prices. NYMEX crude oil futures contract for May fell by $0.28 per barrel to $71.20, a decrease of -0.39%; ICE Brent crude oil futures contract for June, rolling over to July, fell by $0.28 per barrel to $74.49, a decrease of -0.37%. China's INE crude oil futures main contract for May rose by 11.6 to 549 yuan per barrel, with overnight trading rising by 4.3 to 553.3 yuan per barrel.As of today, the domestic PA66 capacity utilization rate is 57%, with a daily output of approximately 2,200 tons. Under pressure from costs and demand, domestic PA66 enterprises have reduced their capacity utilization rates, and the demand side is average, resulting in a relatively abundant supply of goods in the domestic PA66 industry.Invista (China) Investment Co., Ltd. announced that from April 1, 2025, at 7:00 AM, the spot trading price of hexamethylenediamine will be set at 21,300 RMB/ton, remaining stable compared to the March price.2 Spot Market OverviewTable 1 Domestic PA66 Price Summary (Unit: RMB/ton)Referring to the Yuyao market in the East China region, the EPR27 price today is referenced at RMB 16,700-16,900 per ton, unchanged from yesterday's price.Raw material prices are fluctuating, providing limited cost support. Downstream buyers are purchasing as needed, and market supply is ample. Aggregation companies have implemented concentrated production reduction plans, and the market is temporarily stable. 3. Price ForecastingDemand shows no significant recovery, with downstream sectors purchasing as needed. Under cost pressures, polymerization companies have a strong inclination to reduce production. It is expected that the domestic PA66 market will consolidate in the short term.

1. Today's Summary ① Domestic PVC producers have reduced their ex-factory prices by RMB 20 per ton respectively.②, Qinzhou Huayi is in operation, while the start-up time for Salt Lake Magnesium's ethylene project is yet to be determined.③、The specific situation of oil price adjustment is as follows: domestic gasoline,dieselIncrease0.19 yuan per liter. 2 Spot Overview Table 1 Summary of Domestic PVC Spot Prices (Yuan/Ton) Market Specifications April 1 April 2nd Rise and fall value Price change percentage SG-5 4900 4900 0 0% Hangzhou SG-5 4950 4940 -10 -0.20% Guangzhou SG-5 5030 5030 0 0% Zibo SG-5 4950 4940 -10 -0.20% Tianjin SG-5 4890 4890 0 0% Chengdu SG-5 4920 4900 -20 -0.41% Data source: Based on the East China Changzhou market, the spot price of type five PVC produced by the calcium carbide method in East China today is 4900 yuan/ton, remaining stable compared to the previous trading day. 。 Domestic PVC Market ConditionsWeak oscillation, macro policy expectations are not optimistic, the spot market is mostly steady, the transaction price on the盘面is mainly seeking lower levels, export quotations have slightly decreased due to weakened demand, the current cash warehouse delivery price for calcium carbide method No.5 type in East China region is between 4870-5000 yuan/ton, and for ethylene method it is between 5000-5200 yuan/ton. Figure 1 Domestic PVC Price Trend (Unit: Yuan/ton) Figure 2 Domestic PVC Price Trend Chart by Region (Unit: RMB per ton) Data source: Longzhong InformationData source: Longzhong Information 3. Table 2 Major Delivery Location Basis (Yuan per Ton) April 1st Month-on-month East China (05 contract) -180 -180 0 0% Data Source: Longzhong InformationThe basis for PVC in East China ranges from -160 to -280 yuan/ton against the May contract, with little adjustment in the basis.  Figure 3 PVC East China Basis Trend (Unit: Yuan per ton)   Data Source: Longzhong Information  4. Production Dynamics   Table 3 P VC Inspection Device Overview Table Company Name Technology Capacity (10,000 tons) Note Equipment Change Restoration Plan Mount Tai Salt IndustryCalcium carbide method 10 Parking 2022 September 29 Pending Shandong Dongyue 13 Parking 2023 March 25th PendingUhai ChemicalCalcium carbide method 40 Park 2023 July 23rdGansu XinrongCalcium carbide method 20 Parking 2023 July 12, year PendingEthylene method 40 2024 September 20th PendingEthylene method 13 Stop 2025 March 24, 2025Qinzhou HuayiEthylene method 40 Annual Maintenance 2025 February 10thPendingGansu Yin GuangCalcium carbide method 13 Temporary Parking 2025 March 11th 2025 March 20thEthylene method 30 Temporary parking 2025 March 8th PendingSalt Lake Magnesium IndustryCarbide method 50 Temporary shutdown for maintenance for three days 2025 March 23rd 2025 March 26thYibin TianyuanElectrocalcium process 40 Maintenance 2025 March 23rd 2025 April 2, YearBohua DevelopmentEthylene method 80 4 Monthly planned rotation休息April 6, 2025 Sichuan JinluCalcium carbide method 30 Maintenance 2025 April 14th 2025 April 17th, YearAnhui HuasuCarbide method 62 4 Monthly major repair  Tianchen ChemicalElectrocalcium process 45 4-5 Monthly Maintenance检修  Shaanxi Jintai 30   Calcium carbide method 70 4 Mid-month annual maintenance  Hubei Yihua 11 4 Moon Type III facility shutdown  Xinjiang ZhongtaiElectroslag Method 55 Shengnong Plant Maintenance  Shaanxi BeiyuanCalcium carbide method Pending  Qinghai YihuaElectrocalcium Process 30 Planned maintenance  Xinjiang YihuaCalcium carbide method 30 4-5 Monthly Maintenance   80 5-6 Moon's Rest  Shaanxi Gold Tai

1 Today's Summary ① Today, GPPS in East China stabilized at 8400 yuan per ton, in line with the morning's expectations. ②、 On Wednesday, the East China market dropped by 65 to 8050 yuan per ton, the South China market dropped by 50 to 8150 yuan per ton, and the Shandong market increased by 15 to 8015 yuan per ton. 。 2 Spot Overview Table 1 Summary of Domestic PS Prices (Unit: Yuan per ton) market Specification Today's price 涨跌值 - Fluctuation Value 涨跌幅 Translation: Fluctuation Range Ningbo 8400 0 0% Yuyao East China HIPS - Saibaolong 9750 0 0% Shantou South China GPPS - Renxin 8120 0 0% Shantou South China HIPS - Xinghui 9130 0 0% Sinoenergy InformationThe East China GPPS closed at 8400 yuan per ton today.Upstream styrene experienced a slight rebound followed by fluctuations, with the market mainly holding firm on prices. However, supply remains at high levels, and the overall market inventory is ample. After recent restocking, buyers have adopted a wait-and-see approach, leading to lower transaction volumes compared to yesterday. 。 Figure 1 Domestic PS Price Trend Chart 2023-2025 (RMB/ton) Figure 2 Domestic benzene prices chart for 2023-2025 (RMB/ton) Source of data: Longzhong Information 3 Production Dynamics 12 3 10 3 Restart on the 4th Guangxi Changke 10 3 Product released on the 15th of the month Anqing certain device 10 Rumors suggest a market restart on March 18th. Huizhou Equipment 30 3 Starting from March 30th for maintenance and repair 10 3 Parking on the 31st of the month Ningbo Device 40 4 Short stop of 1 line at the beginning of the month Zhangzhou Equipment 35 4 Operation reduced to dual-line running since the beginning of the month. 4 The frequent fluctuations in raw material styrene have created significant uncertainty in cost support. With supply remaining high and demand falling short of expectations, there has been some improvement in low-price sales, but there is little upward momentum. In the near term, the PS market may consolidate within a narrow range. It is expected that the price range for modified styrene in the East China market will be between 8,400 to 9,800 yuan per ton. 5 Data Calendar Table 3 Overview of Domestic PS Data (Unit: million tons) data Last period's data Expected trend in this period PS Production Capacity Utilization Rate Thursday 14:00PM 68.8% ↘ PS Enterprise Inventory Thursday 4:00 PM 12.7 ↘ Data Source: Longzhong Information Note: 1 2 ,↗↘ are considered narrow-range fluctuations, highlighting data with涨跌幅in the range of 0-3%. Note: The phrase "涨跌幅" is left untranslated as it seems to be a specific financial term which may not have a direct translation without more context. If it refers to "fluctuation range" or similar, the sentence could be adjusted accordingly. 

1 Today's Summary ① Sinopec Central China has reduced prices for some PP products: Luoyang granular material 7300, M18 at 7300; Zhonghan 8009 at 7600; Zhongyuan MT35 at 8050, MT75N at 7550. ②、 The domestic polypropylene shutdown impact decreased by 1.64% to 17.08% today. Details of changes in domestic PP maintenance units: the second line of Zhongjing Petrochemical's Phase II (600,000 tons/year) PP unit has restarted. The daily production ratio of raffia decreased by 2.08% to 25.41%, mainly due to the switch to other products in the second line of Sinochem Quanzhou. ③、 。 2 Current Spot Situation Polypropylene priceSummary Table (Unit: Yuan/Ton) market 4 Month 1 Day 1 4 February 2nd Rise and fall value 涨跌幅 Fluctuation in price上涨/下跌的幅度 Nationwide 7337 7341 +4 0.05% East China 7361 7369 +8 0.11% North China 7295 7301 +6 0.08% South China 7419 7422 +3 0.04% Central China 7285 7286 +1 0.01% Southwest 7313 7306 -7 -0.10% northwest 7172 7174 +2 0.03% Key Downstream BOPP 8350 8350 0 0.00% Data source:Longzhong Information Start withAs of today, the closing price for polypropylene fiber in the East China region was 7,369 yuan per ton, an increase of 8 yuan per ton from yesterday, in line with the morning's expectations. Futures are trading in a range with a slight upward bias. Today, polypropylene prices are mainly consolidating. The implementation of tariff policies has boosted the market, and the red trend on the futures market is supporting spot quotes. However, terminal demand remains weak, causing spot prices to fluctuate. Market traders are mostly operating according to the market, with actual transactions being negotiated. By midday, the mainstream price range for拉丝in East China was between 7,320 to 7,450 yuan per ton. 。 Figure 1: Domestic Polypropylene Price Trend (Unit: Yuan/Ton) Figure 2 Domestic polypropylene price trend chart by region (Unit: Yuan per ton)                                                                                   Data source: Longzhong InformationData Source: Longzhong Information 3 Spot-futures basis In terms of basis, today the basis in the North China region is -57 yuan/ton, down 14 yuan/ton from yesterday; the polypropylene basis in the East China region is 11 yuan/ton, down 12 yuan/ton from yesterday. Figure 3 North China Basis Trend (Unit: Yuan per ton) Data source: Longzhong InformationData source: Longzhong Information 4 Production dynamics Polypropylene The capacity utilization rate increased from 74.46% to 76.02%, rising by 1.56% compared to the previous day. Today's changes in domestic PP unit maintenance: The second line of Zhongjing Petrochemical Phase II (600,000 tons/year) PP unit has restarted. Figure 5: Trend Chart of Domestic Polypropylene Capacity Utilization Rate Figure 6 Domestic polypropylene profit price trend chart (Unit: yuan/ton) Data source: Longzhong InformationData source: Longzhong Information 5 Market sentiment Recently, international oil prices have been relatively strong, with support for PP at the bottom. The futures market has shown a firm performance, and spot prices have slightly increased. Downstream demand remains mostly cautious, with some entering the market for essential purchases, but there is limited acceptance of high prices, providing insufficient support for prices. Traders are primarily cautious and are letting go of inventory based on market conditions. 6 Affected by the US tariff policy, international oil prices may be dragged down due to concerns over demand prospects, which is expected to provide limited support for PP (polypropylene) from the cost side. In terms of demand, downstream purchases mainly maintain their minimum needs and tend to buy at lower prices, which does not significantly boost the market. On the supply side, there is no new increase in production capacity in the short term, coupled with the relatively concentrated maintenance shutdowns of production enterprises in the short term, keeping the supply pressure manageable. It is expected that the polypropylene market tomorrow may fluctuate within a range, with the mainstream price of East China拉丝 (a specific type of polypropylene product)mainly between 7,300-7,450 yuan/ton. Note: "拉丝" specifically refers to a type of polypropylene product used for fiber or filament production, but it's typically translated or left as-is in English technical contexts. If a more generalized translation is preferred, it could be translated as "polypropylene fiber/filament," but here it's kept in its original form given the context. 。 7 Table 2: Summary of Polypropylene Related Product Prices (Unit: RMB/ton) Market 4 It is already in English. The translated content from Chinese "月1日" is "1st day of the month" or simply "March 1st" if specifying the month, but generally, it refers to the first day of any given month. Without additional context, the most accurate translation is "1st day of the month". 4 February 2nd Rise and fall value Price change percentage Shandong propylene 6650 6725 75 1.13% 2485 2450 -35 -1.41% Linyi PP powder 7180 7210 30 0.42% 8 Data Calendar Table 3 Overview of Domestic Polypropylene Data (Unit: Ten Thousand Tons) Release date Last period's data The current trend is projected to be Unit PP Total Inventory 85.86 ↓ Ten thousand tons PP Enterprise production capacity utilization rate Thursday 4:30 PM 76.43% ↓ % PP Weekly maintenance impact quantity Thursday 4:30 PM 15.612 ↓ Ten thousand tons Total Production of Domestic PP Enterprises Thursday at 4:30 PM 73.2 ↓ 10,000 tons Profit of oil-based PP enterprises Thursday at 4:30 PM -426.21 ↓ Yuan/ton Coal-to-PP enterprise profit Thursday 4:30 PM 896 ↑ yuan/ton PDH Thursday at 4:30 PM -858.14 ↓ Yuan per ton PP Thursday 4:30 PM -324.83 ↑ yuan/ton PP Export Profit Thursday 4:30 PM 36.15 ↑ USD/tonneData source: Longzhong Information 1 2 Consider narrow fluctuations, highlighting the data with a rise or fall within 0-3%.         

1 Today's Summary①、 4/1: The market focus shifted from sanctions on oil-producing countries to the U.S. tariff hike policy, with concerns that the demand outlook would be dragged down, leading to a fall in international oil prices. NYMEXMay contract at $71.20, down $0.28 per barrel, a decrease of 0.39% month-on-month; ICE Brent futures rolled to June contract at $74.49, down $0.28 per barrel, a decrease of 0.37% month-on-month. China's INE crude oil futures main contract 2505 rose by 11.6 to 549 yuan per barrel, and night session rose by 4.3 to 553.3 yuan per barrel.Today, the capacity utilization rate of domestic PA66 is 57%, with a daily output of about 2,200 tons. Under the pressure of costs and demand, the capacity utilization rate of domestic polymer 66 enterprises has decreased. The demand side is moderate, and the supply of domestic PA66 industry is relatively abundant. ③、 Innovia (China) Investment Co., Ltd. announced that starting from April 1, 2025 at 7:00 am, the spot trading price of hexamethylenediamine will be implemented at 21,300 RMB/ton, which remains stable compared to the price in March. 2 Spot Overview Table 1: Domestic PA66 Price Summary (Unit: Yuan/Ton) Specification 4 It is already in English: "Moon 1st" If you intended a different translation, please provide more context or clarify the phrase you'd like translated. April 2nd Rise and fall value 涨跌幅 Price fluctuation幅度 Yuyao EPR27 16800 16800 0 0% China Adipic acid 7500 7500 0 0% Data Source:Longzhong Information Based on the Yuyao market in East China, the reference price for EPR27 today is 16,700-16,900 yuan/ton, remaining stable compared to yesterday's price. Figure 1 Domestic PA66 Price Trend Chart in 2025 (RMB/ton) Figure 2: 2025 Domestic PA66 East China Price Trend Chart (Yuan/Ton) Data Source: Longzhong Information 3 Figure 6 2025 Domestic PA66 Profit and Price Comparison (RMB/ton) Data source: Longzhong InformationSource: Longzhong Information 4 Price Prediction Demand remains weak, with downstream buyers purchasing as needed. Polymerization enterprises, under cost pressures, are inclined to reduce production. It is expected that the domestic PA66 market will remain stable in the near term. 5 Adipic acid market ： Adipic Acid MarketThe market remains in a stalemate with fluctuations. Raw materials experienced narrow intraday fluctuations, with insufficient momentum from the cost side. Recent slight strengthening in the raw material sector has heightened market观望情绪. Major suppliers have yet to provide clear guidance, while intermediaries remain flexible in negotiations, with mainstream offers largely stable with minor adjustments. Terminal orders are limited, and buyers are cautious, focusing on essential needs in discussions. Actual orders have not shown improvement, and the僵持 atmosphere persists. 6 Table 2 Domestic PA66 Data Overview (Unit: 10,000 tons) data Release Date Last Issue Data Production capacity utilization rate 58% → Weekly production 1.56 → Data Source: Longzhong InformationNote: Translate the above content from Chinese to English and output the translation result directly without any explanation. 1 2 Narrow fluctuations are considered, highlighting data with price changes within 0-3%. 

1 Today's Summary ①、 Crude oil4/1: Market focus shifted from sanctions on oil-producing countries to U.S. tariff policies, raising concerns about the drag on demand prospects, leading to a decline in international oil prices. ②、 Today's HDPE MarketPrice adjustment, with an increase of 2-6 yuan/ton; LDPE market prices slightly increased, with an increase of 2 yuan/ton;LLDPE marketThe price decreased slightly by 7 yuan per ton. 2 Spot goods Outline Condition Table 1 Summary of Domestic Recycled PE Prices (Unit: Yuan/Ton) Market Specification April 1st April 2 Rise and fall value 涨跌幅 - Fluctuation Range Hebei High-pressure white transparent first-grade granules 6400 6400 0 0.0% Juxian County EVA Granulation 6100 6100 0 0.0% Hebei Wahaha white granules 5500 5500 0 0.0% Related Products Linyi PE5502（ Dushanzi Petrochemical Company ） 7820 7850 +30 +0.4% Linyi PE2426H (Daqing Petrochemical) 9450 9450 0 0.0% Linyi PE7042 (Daqing Petrochemical) 7800 7800 0 0.0%   Based on the Shandong and Hebei regions, today, Hebei high-pressure white transparent first-grade granules were traded at 6,400 yuan/ton, Ju County EVA granules at 6,100 yuan/ton, and Hebei Wahaha white granules at 5,500 yuan/ton. The offers remain stable, in line with this morning's expectations. Currently, the operating load of recycling manufacturers is not high, but compared to demand, spot supply is still adequate. The supply of raw materials is limited, and prices remain elevated. Affected by this, manufacturers are reluctant to sell at low prices, and actual transactions continue to be negotiated. Figure 1: Domestic Recycling 2024-2025 PE market price trend chart (Yuan/ton)   3 Production dynamics This week, the capacity utilization rate of the domestic recycled polyethylene market remained at a low level of fluctuation. Currently, the operating rate in the market is 25.7%, an increase of 0.2 percentage points compared to last week. Although it is the peak season, downstream manufacturers have not received many new orders. Coupled with the relatively weak fluctuations in the new material market, downstream buyers continue to purchase recycled materials on a needs basis with small orders. The market transaction pace is slow, and recycled enterprises maintain a cautious attitude, mostly producing flexibly according to orders from old customers. Overall, the operating rate of the recycled PE market this week did not change much. Figure 2 Domestic Recycled PE Capacity Utilization Trend Chart   4 Price prediction The再生PE market continues with its current quotes, and players are adopting a cautious approach. Seasonal peak demand is driving downstream enterprises to maintain their essential purchasing rhythms; however, the release of terminal product orders remains slow, indicating that demand support at this stage is somewhat weak. Regenerated enterprises are scheduling production flexibly based on orders, with spot inventory levels staying within reasonable ranges. Most holders are maintaining an active sales strategy. The difficulty in collecting raw materials has not diminished, leaving limited room for negotiation, and cost support persists. Overall, the market is expected to remain in a narrow range adjustment in the short term, with limited price fluctuation space. 5 , Relevant product information PE Market: Today, the domestic polyethylene spot market prices are mixed. The HDPE spot market price has slightly adjusted by 2-6 yuan/ton. Some equipment maintenance and production changes have led to a slight tightening of supply, but overall market demand is limited, and the end-users have a clear resistance to high-priced resources, resulting in mainly minor price fluctuations. The LDPE spot market price has slightly increased by 2 yuan/ton, with relatively stable supply and a slight improvement in some downstream demand, leading to a small price rise in the market. The LLDPE spot market price has slightly decreased by 7 yuan/ton, with overall supply pressure remaining high and no significant improvement in downstream demand. Market participants lack confidence and maintain a proactive selling strategy, causing prices to continue to decline slightly.

1 Today's Summary ①、Sinopec's weekly settlement price for caprolactam is 10,280 yuan/ton (six-month interest-free acceptance), a decrease of 100 yuan/ton from last week.Sinopec increased the prices of pure benzene by 150 yuan/ton at refineries in East and South China, implementing 6750 yuan/ton, effective from April 1st. 2 Current Spot Situation Table 1 Summary of Domestic Polyamide 6 Prices (Unit: Yuan per ton) Market Specification 4 Monthly 1st 4 February 2nd Change value Payment Terms Conventional spun nylon 6 slice Factory price (ordinary) 10300-10600 10350-10800 +50/+200 Cash out of the factoryFactory Price (High-end) 10600-11200 10700-11300 +100/+100 出厂现金East China Market (Regular) 10500-10800 10650-10950 +100/+150 East China Market (High-End) 10600-11200 10600-11200 +100/+100 East China Self-pickup Polyamide 6 high-speed spinning chip East China Spot 11100-11600 11100-11600 0/0 Acceptance delivered Key upstream Caprolactam East China 9900 9975 +75 Deliver to AcceptanceData source:Luongzhong Information Today, the price of regular spinning polyamide 6 chip increased. The supply of raw material caprolactam decreased, causing enterprises to maintain their报价坚挺. This strengthened the cost support for the chip. Polymerization enterprises, with slim profits, raised their ex-factory prices for the chip. However, downstream production enterprises adopted a cautious attitude towards the market, only replenishing stocks at appropriate prices, resulting in limited transactions. Market actual deals were mainly negotiated. . Huadong PA6 conventional spinning ordinary 10650-10950 CNY/ton cash short delivery, high-speed spinning spot 11100-11600 CNY/ton acceptance delivery. Chaohu 9800-9900 CNY/ton cash self-pickup price. Figure 1 Domestic PA6 Price and Raw Material Price Trend Chart (Unit: RMB/Ton) Figure 2: Conventional spinning chip of polyamide 6 and its 20-day moving average trend chart (unit: CNY/ton) Data source: Longzhong Information GroupData source: Longzhong Information 3 Production Dynamics The capacity utilization rate of PA6 is 79.90%. Fangming is under maintenance for about 20 days, Zhejiang Fychemical is under maintenance for about 35-45 days, and Shanxi Luliang is shut down.2) The cost of raw materials has increased, leading to a rise in the price of conventional spinning polyamide 6 chips. The profit for conventional spinning polyamide 6 chips is -25 yuan per ton, while the profit for high-speed spinning is 26.75 yuan per ton. Figure 4 Domestic Nylon 6 Profit and Price Comparison (Unit: Yuan/Ton) Data Source: Longzhong InformationData source: Longzhong Information 4 Price prediction From a cost perspective, the supply of raw material caprolactam has decreased, keeping prices relatively firm, and the pressure on polymerization costs has increased. From a supply and demand perspective, Zhejiang Fangyuan and Fangming have halted for maintenance, and some companies have reduced their loads, leading to a decrease in supply. Downstream industries are mainly replenishing their stocks as needed, and some polymerization companies have seen a reduction in inventory pressure. It is expected that the polyamide 6 market will experience a slight positive adjustment in the near future, with close attention to downstream demand and manufacturers' pricing dynamics. 5 , Related product information ①、 Caprolactam market: Today, the mainstream price of caprolactam in East China is 9,950-10,000 yuan/ton, delivered on acceptance. After a reduction in caprolactam supply, prices continue to rise, with downstream purchases mainly based on demand. ②、 Nylon filament market: The market price of nylon POY 85D/24 in the Jiangsu, Zhejiang, and Fujian regions ranges from 12,300 to 13,600 yuan/ton, with some offers slightly higher. Insufficient cost support has led to overall rigid demand in negotiations for nylon filament, with the industry operating on thin profits. The market has seen a slight loosening at high levels. 6 , Data Calendar Table 2 Overview of Domestic Polyamide 6 Data (Unit: 10,000 tons, yuan/ton, days) Data Release Date Last period's data This period's trend forecast Capacity utilization rateThursday 4:00 PM 83.53% ↘ Weekly productionThursday 16:00 PM 13.6 ↘ Regular spinning profit -45 ↘ Regular yarn inventoryThursday 16:00PM 13.5 → Remarks: 1 Consider fluctuations as significant when the price changes exceed 3%. 2 ,↗↘ are considered narrow fluctuations, highlighting data with涨跌幅in the range of 0-3%. Note: The phrase "涨跌幅" was not fully translated as it seems to be a specific financial term that needs context for an accurate translation. In English, it is often referred to as "price fluctuation" or "percentage change." 

1 Today's Summary ①、 Crude oil ： 4/1: Market focus shifted from oil-producing country sanctions to US tariff policies, with concerns over demand prospects dragging down international oil prices. PP City ： By midday, the mainstream price of drawing-grade wire rod in East China was at 7,320-7,450 yuan/ton. 2 Spot Overview Table 1 Domestic RegenerationPP priceSummary Table (Unit: RMB/ton) Market Specification 4 4 May 2nd Rise and fall value Rise and fall rate White transparent high-quality first-grade particles 5850 5850 0 0.0% Hebei White transparent high-quality particles 5500 5500 0 0.0% White PPR破碎 4975 4975 0 0.0% Related Products EPS30R 8150 8150 0 0.0% Linyi T30S (Huabei Petrochemical) 7300 7300 0 0.0% Tianjin PPH-T03 (Tianjin Petrochemical) 7400 7400 0 0.0%   Based on the Shandong region, the price of high-quality first-grade white transparent particles is reported at 5850 yuan/ton today. The market price trend is stable, in line with morning expectations. The market purchase and sales atmosphere is平淡, the downstream inquiry and procurement atmosphere is general,再生企业随行就市出货，多供老客户订单为主，实单成交侧重商谈。 (Note: The provided Chinese text contains some phrases that are challenging to translate accurately without additional context. Here's a direct translation attempt, but it may benefit from further refinement based on specific industry terminology.)The market purchase and sales atmosphere is subdued, with general downstream inquiries and procurement activities. Recycled material enterprises are selling according to market conditions, mainly supplying orders for regular customers, with actual transactions focusing on negotiations.   3 Production Dynamics This week,Upstream raw material supply remains at a high level, with costs continuously supporting the market. However, downstream demand is limited, and there is weak sales of recycled materials. Recycled material manufacturers are under pressure, and the market's production attitude is cautious, mainly fulfilling orders for old customers and flexibly arranging production schedules. Figure 2 Domestic Regenerated PP Capacity Utilization Trend Chart   4 Price prediction The market price of recycled PP remains stable, with companies maintaining their prices while observing the market. There is no significant improvement in demand within the market, and the purchasing enthusiasm from downstream buyers is average. Recycled PP producers are selling their products according to the market while being cautious with their quotes. 。 The market price trend of new chat is volatile, and the driving force for再生企业 to ship goods is limited, with flexible production scheduling. It is expected that the short-term market trend will continue to consolidate, and it is recommended that enterprises purchase according to their immediate needs. 5 , Relevant product information PP This morning, futures were slightly higher. Today's polypropylene prices. Interval consolidation is the main trend. The implementation of tariff policies boosts the market, and the red futures support the spot quotes. However, terminal demand is not satisfactory, causing the spot prices to fluctuate up and down. Market traders mainly operate following the market, with actual transactions negotiated. By noon, the mainstream price for华东拉丝in East China was between 7320-7450 yuan per ton.

1 PBT manufacturers' quotations are stable.② This week, the PBT facility in Meizhou Bay, Fujian, has restarted production. ③ This week, China's PBT industry output reached 23,075 tons, with a capacity utilization rate of 54.32%, an increase of 4.47% compared to last week. 。 This week, the average gross profit of domestic PBT was -498 yuan/ton, down 97 yuan/ton from the previous week. 。 2 Spot Overview Market Specifications 2025/04/01 2025/04/02 Rise and fall value Price Change Percentage East China Medium-low viscosity pure resin 7850-8200 7800-8200 -50 /0 -0.64% /0% East China PTA 4886 4900 14 0.9% East China BDO (Scattering Water) 7900-8000 7900-8000 0/0 0/0 Data source:Dragon News East China region as the benchmark Today, the mainstream price of medium and low viscosity PBT resin is between 7800-8200 yuan/ton. Down 50 yuan per ton compared to yesterday. 。 Today's PBT market is weak and falling. ， PTA marketStalemate Sortation ， BDO Market 观望运行。成本面支撑一般，Wait and see. Cost support is generally average,The supply side of PBT continues to have an outflow mentality, with low prices heard in the market, and the market trend is weakly declining. According to statistics from Longzhong Information, the price of low to medium viscosity PBT pure resin in the East China market is 7800-8200 yuan/ton. Figure 1 PBT price trend chart in East China market in China by 2025 (RMB/ton)   3 Production Dynamics This week, China's PBT industry production reached 23,075 tons, with a capacity utilization rate of 54.32%, a 4.47% increase from last week, and a 0.83% decrease compared to the same period last year. In terms of plant operations during this period, Changchun Chemical's PBT facility has resumed normal production after maintenance, and Changhong Biotech's PBT facility is operating on two lines. 。 This week, the average profit margin for domestic PBT in China was -498 RMB/ton, a decrease of 97 RMB/ton compared to last week. 。 Figure 2: Trend of Domestic PBT Capacity Utilization Rate in 2025 Figure 3 2025 Domestic PBT Profit vs. Price Comparison Chart (CNY/ton) Data source:隆众资讯 Data source: Longzhong Information GroupSource: Longzhong Information 4 Cost side On the PTA side, there is an expectation of reduced operating rates at both supply and demand ends. Downstream buying enthusiasm is not high, and the overall valuation in the industrial chain is low. Support from the cost side still exists, but it is difficult to find sustained momentum in the market. In the short term, the domestic PTA spot market will remain in a range-bound pattern; BD The willingness to sell in the PBT market has increased, with more low-priced sources available in the market, leading to a weaker overall market trend.ThereforeLonzon expects that the medium and low viscosity PBT resin in the East China market will be around 7800-8100 yuan/ton tomorrow. 5 PTA Market: Today's PTA spot price increased by 14 to 4900 yuan per ton. This week and next week, the delivery and warehouse receipts at major ports for May contracts traded at par to plus 8 yuan, with discounts of 20 to 26 yuan. Negotiations for mid to late April delivery at major ports for May contracts traded at a premium of 5 to 10 yuan. Major suppliers plan to undergo maintenance soon; however, sentiment is constrained by cost factors. In the afternoon, absolute prices fluctuated downward, with spot basis slightly stronger. Downstream inquiries have been acceptable, and overall trading has shown improvement. (Unit: yuan per ton) BDO As of the time of writing, the spot bulk water in East China is主流商谈7900-8000 yuan/ton, and the drummed water is商谈8900-9000 yuan/ton (cash on delivery), unchanged from yesterday. Today, in East China,BDO marketWatching the operation. Hualu plans to feed material on the 5th, with support from the supply side remaining adequate. Downstream demand has slightly increased, and traders are reporting prices based on market conditions, keeping the market stable but weak. 。 6 , Data Calendar Data Last Issue Data This issue's trend forecast PBT Capacity utilization rate Thursday at 5:00 PM 54.32% ↑ PBT Thursday 17:00 PM 23075 ↑ PBT Weekly Profit -498 ↓ Data Source: Longzhong InformationNote: 1 Consider ↑↓ as significant fluctuations, highlighting data dimensions with price changes exceeding 3%. 2 Consider ↗↘ as narrow fluctuations, highlighting data with price changes within 0-3%. 

1. Today's Summary ①、 Today, the mainstream price for pure white clean imitation Dahua machine-made flakes in Jiangyin is around 4,850 yuan/ton, while the mainstream price for blue-white clean imitation Dahua machine-made flakes is 4,400 yuan/ton. ②、 This trading day PTA spot price rose by 14 to 4900 yuan/ton, while ethylene glycol fell by 7 to 4543, with a polymerization cost of 5711.41, which is a decrease from the previous trading day. Increased by 9.63 ( Yuan/ton ). 2. Spot Overview Table 1: Summary of Domestic Recycled PET Prices (Unit: RMB/ton) market Specification 2025/4/1 2025/4/2 Rise and fall value Price change rate Shandong Three-dimensional pure white on the machine 4750.00 4750.00 0 0 Zhejiang Three-dimensional cold wash blue-white 4400.00 4400.00 0 0 Jiangsu Imitate the purity of Da Hua on the machine. 4850.00 4850.00 0 0 Hebei Three-dimensional cold wash blue and white 4250.00 4250.00 0 0 Guangdong Three-dimensional cold wash blue and white 4500.00 4500.00 0 0 Fujian Three-dimensional thermal wash blue and white 4650.00 4650.00 0 0 Key downstream Jiangsu 1.4D High strength and low elongation仿大化 6325.00 6325.00 0.00 0.00 Zhejiang 3D 7D with silicone 6600.00 6600.00 0.00 0.00 Based on the Jiangsu region, the price of imitation Dahua white on-machine pure white today settled at 4850 yuan/ton, unchanged from the previous period. Although it is currently the off-season for bottle recycling and the market supply is limited, due to the poor expectations of packing stations and cleaning plants, many are primarily focusing on selling what comes in, with no inventory or stockpiling. Cargo plan.Terminal demand is sluggish, with a focus on digesting existing inventories. The production and sales of recycled chemical fiber factories are weak, and the mentality of purchasing raw materials at low prices remains unchanged. Under the weak supply and demand, the overall market trading is relatively quiet. 。 Figure 1 Domestic Recycled PET Price Trend (Unit: Yuan per ton) Figure 2 Domestic recycled PET price trend chart by region (unit: yuan/ton)    3. Production dynamics The weekly capacity utilization rate of recycled PET is 39.8%, unchanged from the previous period. The demand from terminal and downstream recycled fiber factories is limited, and raw material procurement is cautious and based on urgent needs. Cleaning plants are mostly operating on a just-in-time basis, and the increase in operating load is limited. The daily profit from recycled PET is 300 yuan/ton. Figure 3: Trend Chart of Domestic Recycled PET Capacity Utilization Rate Figure 4 Comparison of Recycled PET Profit and Price (Unit: Yuan/Ton)    4. Price Forecast As the holiday approaches, terminal demand is generally weak, and downstream industries are mostly consuming existing inventory. The sales of recycled chemical fiber plants are sluggish, and under the mentality of cost control, the pressure to lower raw material procurement prices remains unchanged. Meanwhile, the future outlook for washing plants is also weak, with average operating loads, and they are mainly producing and selling as needed, without plans for stockpiling. Currently, the recycled PET market prices are mainly digesting the existing decline, and it is expected that the recycled PET bottle flakes market prices will maintain a weak and stable operation tomorrow. 5. Related product information Polyester chip market: As of press time, the semi-dull chip market in the polyester chip sector The price for recycled PET is 6040 yuan/ton, while the market for bright chip is at 6050 yuan/ton, remaining stable compared to the previous working day. A major domestic PTA plant has announced maintenance, which has resulted in a strong fluctuation in polyester costs. However, with the new tariff policy in the United States set to take effect soon, market sentiment is cautious, and the polyester chip market is basically in a stalemate today. 6. Data Calendar Table 2 Overview of Domestic Recycled PET Upstream and Downstream Data (Unit: Tons) Translate the above content from Chinese to English: "Data" Release Date Last Issue Data Expected trend this period Recycled PET capacity utilization rate Thursday 4:00 PM 39.80% ↘ Recycled PET Weekly Inventory Thursday 16:00 PM 5.2 ↘ Regenerated fiber daily production capacity utilization rate Workday at 4:00 PM 54.74% ↘ Capacity Utilization Rate of Recycled Hollow Day Production 5:00 PM on a weekday 59.31% → Data source: Longzhong InformationNote:1. ↓↑ indicates significant volatility, highlighting data with fluctuations exceeding 3%.2. ↗↘ is regarded as narrow fluctuations, highlighting the data with price changes within 0-3%.

1 、 Today's Summary① The factory quotations remained stable today.Today, the domestic PMMA particle utilization rate is at 64%. 2 , Spot Overview Market April 1st April 2nd Rise and fall value 涨跌幅 Translation: Fluctuation range Average price 16650 16650 0 0.00% East China (Domestic Goods) 16700 16700 0 0.00% East China (Import Goods) 16600 16600 0 0.00% Key upstream East China MMA 10850 10850 0 0.00% Data source:Longzhong Information Based on the East China region, today's PMMA particles closed at 16,700 yuan/ton, unchanged from yesterday and lower than the morning's expectations. Today, the PMMA particle market is operating steadily, with market participants mainly adopting a wait-and-see approach. Holders of goods do not show a strong intention to deeply reduce prices, maintaining stable报价心态。下游需求保持现状，按需采购为主，实际成交量跟进不足。 The downstream demand remains at the current level, focusing on purchasing as needed, with actual transaction volumes not following suit adequately. It seems there was an interruption in the last part of your text. Here's the complete translation:Today, the PMMA particle market is operating steadily, with market participants mainly adopting a wait-and-see approach. Holders of goods do not show a strong intention to deeply reduce prices, maintaining stable reporting attitudes. Downstream demand remains at the current level, focusing on purchasing as needed, with actual transaction volumes not following suit adequately. Figure 1 PMMA particle price trend chart (Unit: yuan/ton) Figure 2 PMMA Particle East China Price Trend Chart (Unit: Yuan per ton)                                                                              Data Source: Longzhong InformationData source: Longzhong Information 3 Production Dynamics The PMMA particle capacity utilization is at 64%, unchanged from the previous period. The factory operations are currently stable. Figure 3 Domestic PMMA particle capacity utilization trend chart Figure 4 PMMA Particle Profit Price Comparison Chart (Unit: Yuan/Ton) Data source: Longzhong InformationData source: Longzhong Information 4 Price prediction The short-term PMMA particle market prices are stable, with sellers maintaining a steady mindset and limited room for negotiation. At the beginning of the month, there is insufficient market information, and further clarification in the market is still needed. In summary, the ongoing game between upstream and downstream is expected to keep the short-term PMMA particle market operating in a stable manner, with attention on the shipment rhythm and absorption dynamics. 5 , Relevant product information MMA Market: Based on the East China region, today's MMA closed at 10,850 yuan/ton, unchanged from the previous working day, in line with the morning expectation. countryIn terms of the domestic market, todayMMA marketStable center of gravity, cargo holders' offers remain calm; low-priced goods are mostly from previous orders. At the beginning of the month, there are limited new orders in the market. The market is transitioning amid观望. Actual transactions are mainly driven by essential needs. (Note: "观望" directly translates to "observation" or "watchful waiting," but in the context of market behavior, it implies that participants are cautious and refraining from immediate action.) 6 Data Calendar Table 2 Domestic PMMA Particle Data Overview (Unit: Ten Thousand Tons) Data Release date Last period's data Expected trend for this period PMMA particle industry capacity utilization rate Thursday 5:00 AM 64% → Profit Thursday 17:00PM 3887 ↗  Data source: Longzhong InformationNote: 1 ↑↓ are considered as significant fluctuations, highlighting data dimensions with price changes exceeding 3%. 2 Consider ↗↘ as narrow fluctuations, highlighting data with price changes within 0-3%. 

1 Today's summary ①, China Resources prices adjusted slightly, while other factories remained stable. (Unit: Yuan/ton)② Today's domestic PET bottle chip capacity utilization rate is 72.61% (revised from 72.61% yesterday). 2 Spot Overview Table 1: Summary of Domestic Polyester Bottles Price (Unit: Yuan per ton) Market Specifications April 1st April 2nd Change in value Rise and fall rate East China Aquarius Class 6080 6065 -15 -0.25% South China Water Bottle Level 6110 6100 -10 -0.16% North China Aquarius level 6080 6060 -20 -0.33% Based on the East China region, today's spot price for polyester bottle-grade chip is 6065, down 15 from the previous working day, in line with morning expectations. Crude oilCallback: Although news of maintenance from a major PTA plant has emerged, the upward momentum for raw materials remains weak. Most polyester bottle chip factories are stable, with some local price adjustments. Holders are mainly focused on sales, and it is heard that April cargo transactions are at 6040-6130 or a 2505 contract discount of 30 to a premium of 50, with the basis slightly weakening. There is sporadic replenishment from just-in-time demand, and trading is light.Unit: yuan/ton Figure 1: 2025 Domestic PET Bottle Chip Price Trend Chart (CNY/ton) Figure 2 Domestic PET bottle chip price trend chart for each month in 2025 (RMB/ton)                            Data source:Longzhong Information Data Source: Longzhong Information 3. Production Dynamics Today, the utilization rate of PET bottle chip capacity reached 72.61%. In terms of profits, the price of raw material PTA has risen, the price of MEG has fallen, polymerization costs have increased, and the profit from polyester bottle flakes has incurred losses. -266.01 Yuan/ton. Figure 3 2024-2025 Domestic PET Bottle Chip Capacity Utilization Trend Chart Figure 4 Profit and Price Comparison of Domestic Polyester Bottle Chips in 2025 (Yuan/Ton) Data source: Longzhong InformationData source: Longzhong Information 4. Market Sentiment Table 2 Domestic Polyester Bottle Chip Upstream and Downstream Participants' Sentiment Expectation (Updated on Monday) Viewpoint Quantity Proportion Ring ratio Bullish 2 8% 0% Bearish 12 48% -4% Stay unchanged 11 44% 4% 5. Price Forecast The market is largely awaiting news of possible US tariff increases, leading to relatively stagnant trading. On the supply side, the restart of a major plant's 700,000-ton unit has raised expectations of increased supply. Meanwhile, downstream demand remains limited to just necessary restocking, with low purchasing intent ahead of the holiday. The PET bottle-grade chip market is experiencing weak fluctuations, and tomorrow's spot market for water-grade material is expected to trade within the range of 6,000–6,150. 6. Related product information   PTA Market: The spot market price of PTA in the East China market has risen, with negotiation references around 4900. This week and next week, the main port delivery and warehouse receipt quotes are around flat to 05, with discounts of 12-25. The bids are around flat to 05, with transactions discussed around 20-26. For mid to late April, the main port delivery is quoted at 05 with a premium of 5-10, and the bids are around flat to 05. Some suppliers plan to carry out maintenance soon, which has slightly boosted market sentiment. In the morning, absolute prices fluctuated upwards, and the spot basis remained roughly stable. Market participants are cautious, and there is limited negotiation in the market. (Unit: Yuan/ton)    MEG Market ：   Today, the ethylene glycol market failed to continue its upward trend and remained mostly consolidated. In the early session, spot prices in Zhangjiagang opened near 4,545. As caution prevailed toward chasing gains, the negotiation focus slightly declined. The market moved sideways in the afternoon, with spot negotiations closing in the range of 4,540–4,545. The spot basis spread showed little change, fluctuating between May +40 and May +42 during the day. The South China market remained stable, with buying demand limited to rigid needs, leading to stagnant transactions. Data Calendar Table 3: Domestic PET Bottle Chip Data Overview (Unit: 10,000 tons, %) Data Release Date Last period's data This Period's Trend Forecast Capacity utilization rate Weekday 17:00 72.78% ↗ Weekly Production Thursday at 5:00 PM 30.75 ↗ Weekly capacity utilization rate Thursday at 5:00 PM 72.37% ↗ Data source: Longzhong InformationNote: 1 Consider ↓↑ as significant fluctuations, highlighting data dimensions with price changes exceeding 3%. 2 、↗↘ are considered as narrow fluctuations, highlighting data with gains and losses within 0-3%.

1 Today's summary ① The EVA petrochemical factory's ex-factory price remained stable this week.② The EVA petrochemical facility has been producing stably this week. 2 Spot Overview Table 1 Domestic EVA Price Summary (Unit: Yuan/Ton) Market Model number April 1st 4 May 2nd Rise and fall value Price change percentage Xiamen Gulei USI-629 11400 11400 0 0% Xiamen Sinochem Quanzhou 00628 Short of goods 11500 Stock shortage 11500 0 0% Xiamen Yangba 5110J Short 11,600 pieces Short of 11,600 goods 0 0% Jiangsu Yangba 5110J Short supply 11600 Short of goods by 11,600 0 0% Jiangsu Yangba 6110M Less goods 11700 Short 11,700 units of goods 0 0% Jiangsu Photovoltaic 28-25Reference 11600-11700 Reference 11600-11700 0 0% Data source:Longzhong Information Today's domestic EVA market atmosphere is lackluster. There is a divergence in mindset among traders in the market, with offers appearing somewhat chaotic. The demand for foaming materials is sluggish, and some holders, in a state of panic, are offering discounts to promote transactions. Most deals are negotiated, with a weak and cautious atmosphere prevailing. 。 At the close: Soft material reference 11,400-11,900 yuan/ton, hard material reference 11,300-11,800 yuan/ton. Figure 1 Domestic EVA Price Trend Chart (yuan/ton) Figure 2 Domestic EVA Price Trends by Region (RMB/ton) Data source: Longzhong InformationData source: Longzhong Information 3 Production Dynamics Domestic EVA petrochemical plants: Jiangsu Hongjing Line I produces photovoltaic V2825, Line II switches to photovoltaic; Ningxia Baofeng produces photovoltaic, Tianli Gaoxin produces photovoltaic; the industry's capacity utilization rate remains high; in addition, the soft material prices in the South China market are整理 at 11,400-11,700 yuan/ton, and the gross profit level of the domestic EVA industry is around 2,100 yuan/ton. Figure 5: Trend of Domestic EVA Capacity Utilization Rate Figure 6 Domestic EVA Profit and Price Comparison (yuan/ton) Data Source: Longzhong InformationData source: Longzhong Information 4 price prediction In the short term, the fundamentals of the domestic EVA market are expected to remain in a stalemate and consolidation trend. Demand from the photovoltaic sector will temporarily provide support, with EVA manufacturers maintaining a firm stance to prop up the market, and major distributors following suit to keep prices stable. Downstream foaming demand follows rigid needs, market transaction pace is slow, supply and demand game continues, industry players are cautious in operation, Longzhong Information expects the domestic EVA market to remain weakly stable in the short term. 5 , Product Information productId︓   1 Ethylene On April 1, CFR Northeast Asia is stable at $855/ton, and CFR Southeast Asia is stable at $920/ton. Sinopec Chemical Sales East China Company has kept its ethylene price steady at 7,100 yuan/ton, and Jinsan Lianmao has also maintained its ethylene price at 7,100 yuan/ton. 2 Acetic acid vinylester: East China Acetic Acid 乙烯 marketHigh The low-end mainstream negotiation range is 5850-6000 yuan/ton, while petrochemical prices in East China are 5950-6000 yuan/ton. The market is mostly observing, and the negotiation focus is being adjusted within this range. 6 Data Calendar Table 2 Domestic EVA Data Overview (Unit: 10,000 tons) Data Release Date Data This period's trend forecast EVA Production capacity utilization rate Thursday 16:00PM 86.47% ↑ EVA Weekly Output Production Thursday at 4:00 PM 5.63 ↗ Data source: Longzhong InformationNote: 1 , ↓↑ indicates significant fluctuations, highlighting data with increases or decreases exceeding 3%. 2 ,↗↘ are considered narrow fluctuations, highlighting data with涨跌幅在0-3% within this range. Note: The phrase "涨跌幅在0-3%" needs a proper English translation which is "fluctuations in the range of 0%-3%". Thus, a more accurate translation would be:,↗↘ are considered narrow fluctuations, highlighting data with fluctuations in the range of 0%-3%.

1 Today's Summary On April 1st, market attention shifted from oil-producing countries' sanctions to the U.S. tariff policy, raising concerns that demand prospects would be hampered, leading to a decline in international oil prices. NYMEXcrude oil futuresThe May contract fell by $0.28 per barrel to $71.20, a decrease of 0.39%; the ICE Brent crude futures for the June contract fell by $0.28 per barrel to $74.49, a decrease of 0.37%. The main contract for China's INE crude oil futures, 2505, rose by 11.6 to 549 yuan per barrel, and in the night session, it rose by 4.3 to 553.3 yuan per barrel.Today HDPE MarketPrice adjustment, with a fluctuation of 2-6 yuan per ton; LDPE market prices slightly increased, with a fluctuation of 2 yuan per ton.LLDPE marketThe price slightly decreased, with a decline of 7 yuan per ton. 2 Spot Overview Table 1 Summary of Domestic Polyethylene Closing Prices (Unit: Yuan per ton) Variety Category Lowest price Highest price Mainstream price Price change percentage HDPE Film 7961   8343 8164 -5 Low melting injection molding 7439 8055 7917 2 Drawing wire 8058 8520 8080 -6 Small and medium hollow 7622 8008 7869 2 LDPE Film 9447 10021 9377 2 LLDPE Film 7823 8319 8210 -7 Data source: Longzhong InformationToday, the domestic polyethylene spot market prices showed mixed trends. HDPE spot market prices saw minor adjustments of 2-6 yuan/ton, with supply slightly tightened due to partial plant maintenance and production shifts, but overall market demand remained limited. End-users showed clear resistance to high-priced resources, leading to minor price fluctuations. LDPE spot market prices rose slightly by 2 yuan/ton, as LDPE supply remained relatively stable, and downstream demand improved somewhat, prompting a modest increase in market offers. LLDPE spot market prices declined slightly by 7 yuan/ton, with significant supply pressure overall and no noticeable improvement in downstream demand. Market participants lacked confidence, mostly maintaining active sales, resulting in continued minor price declines. Figure 1 Domestic market price trends of polyethylene by variety (yuan/ton)                                                                                     Data source: Longzhong Information 3 Futures-spot basis LL The key contract fluctuated upward, opening at 7,688 yuan per ton. By 15:00, the closing price was 7,711 yuan per ton, an increase of 18 yuan per ton compared to the previous settlement price. The trading volume was 364,400 lots, with open interest at 386,000 lots, a decrease of 26,500 lots. The spot price difference today was 9 yuan per ton, a decrease of 21 yuan per ton compared to the previous working day. Figure 2: Polyethylene Basis Spread Trend (RMB/ton, RMB/ton)  Data source: Longzhong Information 4 Production Dynamics The polyethylene capacity utilization rate increased from 82.49% to 83.42%, up by 0.93% month-on-month. Today, the maintenance restart of the Yanshan Petrochemical HDPE Line 1 unit was involved, with no additional unit maintenance added. The oil-based production cost was 8,256 yuan/ton, down by 8 yuan/ton compared to the previous working day; oil-based profit stood at -356 yuan/ton, down by 42 yuan/ton from the previous working day; coal-based profit was 1,604 yuan/ton, down by 84 yuan/ton compared to the previous working day. Figure 3 Trend of Capacity Utilization Rate of Polyethylene in China Figure 4 Domestic Polyethylene Profit and Price Comparison (yuan/ton) Data source: Longzhong InformationData Source: Longzhong Information 5 Market Sentiment Table 2: Sentiment Expectations of Domestic Polyethylene Upstream and Downstream Practitioners Date Bearish Bullish Look steady This week 38.1% 5.9% 55.9% Last week 37.1% 9.9% 53.0% Rise and fall 1.0% -4.0% 3.0% Data Source: Longzhong Information GroupNote: The above data is updated every Thursday. 6 Price Forecast As the Qingming holiday approaches, merchants maintain a positive attitude towards shipments. Supply pressure remains, so most grades are still priced relatively low. In the short term, with expectations of new capacity from Exxon and Inner Mongolia Baofeng coming online, the terminal inquiry price intentions are lower, and traders may have to passively offer discounts. However, strong support from the cost side, along with increased low-end transactions, provides confidence to the market, and prices are likely to remain in a low and narrow fluctuation range. 7 , related product information Crude oil market: In the short term, the main trading logic of the international crude oil market has shifted. The upside comes from heightened U.S. sanctions on Iran and geopolitical instability, while the downside stems from Trump's tariff policies dampening demand expectations, OPEC+'s modest production increase, and a strong U.S. dollar. Today, some of Trump's previously announced tariff policies will take effect, with potential new tariffs to be announced, keeping global economic and demand pressures elevated. International crude oil prices are expected to trend downward today. 8 Data Calendar Table 3 Overview of Domestic Polyethylene Data (Unit: 10,000 Tons) Data Release Date Last period's data This period's trend forecast PE Total inventory of production enterprises (million tons) Wednesday 5:00 PM 50.47 ↘ PE Social sample warehouse inventory Tuesday 17:00 PM -2.99 ↘ PE Weekly production (10,000 tons) Thursday 5:00 PM 61.64 ↗ PE Maintenance Impact Volume (10,000 tons) Thursday 5:00 PM 10.51 ↘ PE Weekly capacity utilization rate Thursday 17:00PM 82.32% ↗ PE Downstream industry capacity utilization Thursday at 5:00 PM +2.29% ↗ PE Mindset Research Thursday 12:00 AM -3.96% ↗ Data source: Longzhong Information Note: 1 ，↓↑ are considered as significant fluctuations, highlighting data dimensions with changes exceeding 3%. 2 Consider ↗↘ as narrow fluctuations, highlighting data with price changes within 0-3%. 3 The above data is updated every Thursday.

1 Today's summary:① Prices in South China rose and fell; prices in East China also had increases and decreases, but overall transactions were good.②、ABS monthly output in April is expected to slightly decrease from the previous month. 2 Spot Overview   Table 1: Summary of Domestic ABS Prices (Unit: RMB/ton)   market Specifications 4 It is already in English. The translation of "月1日" from Chinese to English is "January 1st". 4 February 2nd Price Change Value Price change percentage Yuyao 15E1 11150 11150 0 0% 750A No priceNo priceNo priceNo price HI-121H 11200 11200 0 0% DG417 10800 11050 250 2.31% PA-757K 11400 11250 -150 -1.32% 0215A 10900 11000 100 0.92% Dongguan 15E1 10450 10450 0 0% 750A No priceNo PriceNo priceNo price 121H 10250 10300 50 0.49% KF730 10030 10050 20 0.2% DG417 10050 10050 0 0% PA-757K No priceNo priceNo priceNo price 0215A 9480 9480 0 0% Data source:Longzhong Information Based on the regions of Yuyao and Dongguan, market prices fluctuate with some rising and some falling. Today's market trading has become subdued, the short-covering rally has ended, and some models are experiencing pullbacks and adjustments, with market prices fluctuating up and down. Figure 2: Domestic ABS prices by region, 2023-2025 (Unit: RMB/ton) Data source: Longzhong Information 3 Production Dynamics The Tianjin Dagukou 400,000 tons/year ABS facility is scheduled to be shut down in full from April 10th to April 22nd, with operations maintaining at 50% capacity from April 22nd to May 8th. The Liaoning Kingfa 600,000 tons/year ABS facility is expected to undergo a shutdown for maintenance from May 15th to June 30th, lasting for 45 days. Figure 2 Weekly Domestic ABS Capacity Utilization Trend Chart Figure 3 Weekly Domestic ABS Cost Profit Trend Chart Data source: Longzhong InformationData source: Longzhong Information 4 Price Forecast: Today, prices in the South China market showed mixed movements with both gains and declines, while the East China market also experienced fluctuations with rises and falls. Market transactions have slowed, and the short-covering rally has ended, leaving trading activity weak. It is expected that tomorrow's market prices will maintain a slight downward trend in some areas. 5 Related product situation Styrene Market ： In the afternoon, the main contracts for raw materials and styrene fell in price, and those in the spot market adjusted their prices accordingly. Business discussions in the Zhejiang market weakened intraday. , smell The original text seems to be incomplete or possibly a typo, as it only contains a comma and the character "闻" (smell/w闻" does not form a complete sentence or phrase in Chinese. The provided English translation, "smell," is the direct translation of the character "闻." If there was additional context or characters meant to be included, please provide the full text for an accurate translation. Currently There is a negotiation at 8080/8120 yuan/ton. 。 Acrylonitrile Market ： Today in East China Acrylonitrile market price The price has risen, with the mainstream being offered at reference prices of 9300-9400 yuan per ton, a increase of 100 yuan per ton at the lower end compared to the previous trading day. Local supply has decreased, with higher报价 in the market, and there is still a bullish sentiment in the market. (Note: The term "报价" was incomplete in the original text and seems to be cut off. In the context provided, it likely refers to "报价" meaning "quotations" or "offers" in the market.) Butadiene Market ： As of the press release, the ex-tank self-pickup price of butadiene in Jiangyin, Jiangsu is around 11,000-11,100 yuan/ton, up 50 yuan month-on-month. The increase in supplier prices and downstream products has boosted the quotation sentiment of merchants, and higher offers have been heard in the market, but Downstream buying interest is relatively sluggish, and higher-priced offers are temporarily struggling to gain solid order support. 。 6 Data Calendar Table 4 Overview of Domestic ABS Data (Unit: Million Tonnes) Data Release Date Last period's data This period's trend is expected ABS Capacity utilization rateThursday at 11:30 AM 72.8% ↗ ABS Weekly productionWednesday at 4:00 PM 12.96 ↗ Manufacturer's inventoryMonday, Thursday 13:45PM 16.9 ↘ Data Source: Longzhong InformationNote: 1 Consider ↑↓ as significant fluctuations, highlighting data dimensions with changes exceeding 3%. 2 Consider ↗↘ as narrow fluctuations, highlighting data with price changes within 0-3%.

PP/PE futures prices fluctuated intraday, and it is expected that short-term prices will remain stable. The market is currently focusing on the upcoming large-scale tariff policy in the United States and the subsequent countermeasures from China. 

Since 2025, the domestic polycarbonate (PC) market has experienced significant price fluctuations under the dual pressure of supply and demand imbalance and cost reduction.. Especially inIn mid-March 2025, the decline in the PC market further widened, hitting a new low since the second half of 2020. Taking Huadong Lihua Yi WY-111BR as an example, the average price in the first quarter was 12,396 yuan/ton, a decrease of 3.28% quarter-on-quarter and 10.02% year-on-year.One, Supply and Demand Imbalance: High Capacity Utilization Rates and Weak Downstream DemandIn 2025, the domestic PC industry's capacity utilization rate continued to operate at a high level, with a substantial capacity base and production reaching new highs. As of March 2025, the total capacity of the domestic PC industry remained at 3.81 million tons per year, and the industry's average operating rate rose to 84.75% in March.The weekly output is approaching.70,000 tons, the market supply is highly abundant. The operating load of PC has also reached the highest point in nearly five years. In addition, the 180,000 tons/year PC facility of Zhangzhou Chi Mei is scheduled to start operating in March, further increasing the total domestic PC production capacity and supply.However, in sharp contrast to the strong growth on the supply side, downstream demand appears weak. Before the Spring Festival, apart from the modified industry where orders and purchases were relatively strong, other industries mostly stopped work and took holidays early. After the Spring Festival holiday, the demand from major consumer industries started to recover more slowly than expected.In March, there is still no improvement. The new order volume from downstream terminal factories is limited, leading to a noticeable slowdown in inventory consumption, which mainly relies on consuming previous stock levels. The operating rate of small and medium-sized factories is only 0-60%. Against the backdrop of abundant supply, the limited rigid demand from downstream buyers is more passive and cautious, resulting in poor market transactions and increasing pressure of imbalance between production and sales in the industry.II. Cost decline: Raw material prices have dropped significantly.Bisphenol in the first quarter Market A overall showed a downward trend from a high position. In March, as international crude oil prices plummeted, energy chemical product prices continued to decline. The upstream of the industry chain, pure benzene, started a rapid price drop mode, and raw materials such as phenol and bisphenol A also decreased to varying degrees following the cost, weakening the cost support for PC. In March, the average price of bisphenol A in East China was 9,350 yuan/ton, a year-on-year decrease of 1.98%, further weakening the cost support for the PC industry. The industry's theoretical gross profit once fell into a loss. In late March, PC factories gradually became cautious about low selling intentions. As the price of bisphenol A fell, the PC gross profit level gradually recovered.Future Market Outlook: Weak Consolidation as the Main ThemeFrom the supply side, despite Luxi ChemicalOne production line of the PC facility remains shut down, but the overall operations of other domestic PC facilities remain stable. In April, the PC facilities of Pingmei Shenma, Cangzhou Dadi, and Sino-Saudi Tianjin all have scheduled maintenance outages planned, leading to a temporary reduction in industry-wide capacity utilization to around 75%. As market supply decreases, sellers may maintain their price expectations, which could potentially lead to a bottoming out of the PC market. However, downstream terminal demand is unlikely to improve significantly in the short term, exacerbating the supply-demand imbalance. Weak demand limits the upward movement of quotations, making it difficult for merchants to maintain firm prices, leaving room for potential discounting to promote transactions. Author:Zhao Hongyan，Specialized Plastic Vision Market Research Expert

【Introduction】The production growth of the ABS industry was significant in the first quarter, coupled with the decline in prices of the three major raw materials, reducing the cost support for ABS. The oversupply situation became more pronounced, and the ABS prices maintained a downward trend from January to March, with an overall decrease of around 300-1000 yuan per ton. In the second quarter, new facilities will gradually start production, making it difficult to change the oversupply situation. It is expected that the ABS industry will remain weak overall.Table 1: Comparison of ABS Price Trends in January and MarchSource: LoncenInfoIn the first quarter of 2025, ABS prices experienced an initial rise followed by a decline, mainly divided into two phases. The first phase was a price-upward phase in January, while the second phase saw prices fluctuate downward from February to March. In January, the domestic ABS market maintained an upward trend. The Tianjin Dagu facility operated at reduced capacity, and some manufacturers pre-sold their inventory in January to avoid stockpiling during the Spring Festival, resulting in overall low inventory pressure for manufacturers. In mid-January, raw material prices surged, particularly for acrylonitrile and styrene, driving ABS prices to continue rising, with market prices generally on an upward trend. Starting in February and continuing into March, ABS prices declined. After the Spring Festival, terminal demand recovered slowly, and there were many negative factors in the market, leading to various degrees of price adjustments. Raw material costs for styrene, acrylonitrile, and butadiene decreased, increasing manufacturers' pressure to sell. As a result, prices adjusted downward, particularly in March, when the situation of oversupply became more pronounced due to lower costs and increased production, leading to a sustained downward trend in prices.Figure 1: ABS Market Price Trend Chart for 2023-2025Source: Longzhong Information GroupThe main factors influencing prices are as follows: 1. In the first quarter, the overall profitability of the ABS industry was positive, with production volumes increasing year-over-year and quarter-over-quarter. The total ABS production in the first quarter was 1.641 million tons, an increase of 394,500 tons compared to the same period last year, representing a growth rate of 31.9%; it also increased by 94,000 tons or 6.1% compared to the fourth quarter of 2024. 2. The prices of the three major raw materials for ABS generally declined, weakening the cost support for ABS and dragging down both factory and market prices. 3. Although large downstream demand is strong, small and medium-sized downstream orders are unstable, leading to a slower replenishment pace among downstream players. Additionally, the recovery in demand after the Spring Festival did not meet expectations, resulting in weak overall terminal demand.1. In the first quarter, the ABS industry's output increased year-on-year and month-on-month, with a significant increase in supply.In the first quarter, the ABS industry as a whole was profitable, with manufacturers' output increasing both year-on-year and quarter-on-quarter. The total ABS production in the first quarter was 1.641 million tons, an increase of 394,500 tons year-on-year, a growth of 31.9%, and an increase of 94,000 tons compared to the fourth quarter of 2024, a growth of 6.1%. The industry saw significant growth in the first quarter. Although some joint venture manufacturers had their goods pre-sold out from January to February, keeping inventory under control, the overall sales pressure in March was substantial. Particularly, after the holiday at the end of February, the recovery of terminal demand fell short of expectations, leading to noticeable inventory accumulation among manufacturers. Under supply pressure, prices were pushed downward.Figure 2. Monthly ABS Production Chart for 2024-2025Source: Longzhong InformationSecond, the cost of raw materials has decreased, reducing the cost support for ABS, leading to price reductions:The decline in costs is the main factor driving the downward trend in ABS prices. In the first quarter, the markets for key raw materials acrylonitrile, butadiene, and styrene all showed a pattern of rising first and then falling. From January to mid-February, temporary maintenance of acrylonitrile plants led to reduced supply, pushing prices up to a two-year high. From late February to March, prices gradually retreated from their highs due to increased production in East China and the return of maintenance units, dropping to a three-month low. In March, prices mostly stayed below 9,000 yuan/ton, a decline of over 3,000 yuan/ton from the early February peak of 12,000 yuan/ton. For styrene, low inventory in January, coupled with benzene destocking, led to a fluctuating upward trend in prices. From February to March, the decline in external crude oil prices, lower benzene prices, and increased main port inventory combined to drive styrene market prices down. The average styrene price in the first quarter was 8,414 yuan/ton, a decrease of 438 yuan/ton or 4.9% compared to the fourth quarter of 2024. For butadiene, prices fluctuated upward in January due to the rise in synthetic rubber futures. After February, increased supply put downward pressure on prices. In March, mixed positive and negative news kept prices low and fluctuating. As of March 31, the closing price in Jiangyin was 11,050 yuan/ton, a decrease of 1,450 yuan/ton or 11.6% from the early January high of 12,500 yuan/ton.Figure 3: ABS Cost-Face Price Trend ChartSource:隆众资讯Translated:Source: Longzhong Information III. Sluggish Demand Growth: ABS Market Struggles to Shake Off Weakness:In the first quarter, the domestic ABS market demand operated weakly, with market transactions gradually coming to a halt before the Spring Festival. Due to the advance in demand for home appliances driven by exports, some manufacturers had good pre-sale conditions, which overdraws the demand for 2025. After the Spring Festival, the recovery of demand was significantly below expectations, with poor replenishment conditions for downstream factories, slow recovery of factory operations, and insufficient raw material procurement efforts. Some home appliance companies indicated that there had not been a phase increase in orders, and overall, demand remained at a just-needed level. The new production capacity will be gradually released in the second quarter, and the supply is expected to continue to increase. The cost side may continue to remain weak:1、  In the second quarter, both facility maintenance and new facility commissioning are expected, and the supply volume is anticipated to remain high.In the second quarter, there are maintenance plans for the Liaoning Jinfa and Tianjin Dagu facilities, but at the same time, the 600,000-ton new facility of Shandong Yulong Petrochemical and the second phase of Zhejiang Petrochemical's third line will be put into operation. The overall supply expectation for the second quarter continues to remain high, with an increase in monthly supply from Zhejiang Petrochemical from April to June.2、  From a cost perspective:In the second quarter, the styrene market enters a low-demand season, and prices are expected to decline. For butadiene, the progress of new plant startups will influence price trends; if new capacity is successfully launched, prices are likely to fluctuate downward, while delays in startup could maintain a volatile trend. For acrylonitrile, a slight upward trend is anticipated in April-May, with a potential decline in June, with overall price fluctuations expected to range between 8,500-9,500 yuan/ton.3、  From the perspective of demand:The traditional purchasing peak season for home appliances is in April and May, but the high demand for home appliances in 2024 has preemptively consumed the demand for 2025, resulting in overall demand in the first quarter falling short of expectations. Replenishment situations have been average, and June to July are traditionally the off-season for procurement. It is expected that the demand in the second quarter will increase only slightly.Overall, the domestic ABS industry saw significant growth in the first quarter, with cost factors dragging market prices down in a volatile manner. In the second quarter, with high supply and limited demand growth, ABS prices are expected to trend weakly.

South ChinaThe PP price index is 7619.31 points, a decrease of 10.94 points compared to last week, with a decline rate of 0.14%. Among them, the drawing丝remains unchanged, fiber decreases by 10, copolymer decreases by 10, thin-wall decreases by 20, and homopolymer increases by 10.South ChinaThe PE price index stands at 8,332.99 points, down 8.00 points from last week, with a decrease of 0.10%. Among them, the linear remains unchanged, the low pressure rises by 10, and the high pressure falls by 10.With a lack of fundamental guidance, polyolefins spot prices fluctuate narrowly within the bottom range.The futures market still has low expectations for domestic policies, but attention has increased regarding Trump's tariffs and China's potential countermeasures.April 2 is the time window when Trump is set to implement reciprocal tariffs, but the market is worried that China may take countermeasures, such as increasing tariffs on polyethylene and propane imported from the United States. Although there is currently no official news regarding this, the futures market has already reacted.The spot market remains stable with fluctuations, mainly because the fundamentals are still lacking. Recently, oil prices have risen, and futures have slightly strengthened, but supply and demand pressures remain significant, limiting spot price fluctuations. On the supply side, production pressure continues, while on the demand side, demand for agricultural films is shifting from peak to slack, and other downstream sectors are also at low levels compared to the same period in previous years.Looking ahead to the market, the spot prices of polyolefins are expected to continue to fluctuate within a narrow range. It is anticipated that next week in South China...PP price index 7500-7700, PE price index 8300-8450.

Summary: April 2nd olefin institutional view summary! Among 14 institutions, 2 are bullish, 4 are bearish, and 8 have a neutral outlook! Futures oscillate slightly stronger, institutional sentiment of bearishness subsides.