[Recycled PE/PP Morning Brief] May Continue to Operate in a Weak Pattern

1. Points of Interest

1、 On October 22, U.S. commercial crude oil inventories decreased, coupled with eased market concerns over trade disputes, leading to an increase in international oil prices.

2、 Polyethylene: Polyethylene market price adjustments, with linear transaction prices ranging from 6,850 to 7,500 yuan/ton. It is understood that the market is waiting for favorable conditions to be released, with cost-side support strengthening as the decline halts. Some market participants are cautiously pushing up prices, focusing on sales, resulting in little change in the price center. Prices in the North China market remain stable, while prices in the East China market have risen by 20 yuan/ton, and prices in the South China market remain stable. It is expected that polyethylene prices will mainly adjust according to market trends in the afternoon.

3. Polypropylene:The futures market is experiencing narrow-range fluctuations and consolidation. In the morning, market reports showed steady fluctuations. The support from policy expectations for the Fourth Plenary Session is weakening, leading to a decline in momentum. Price support is returning to the demand side, with downstream enterprises continuing to procure based on just-in-time needs. Market participants are mainly operating in line with market trends, and there is still room for negotiation in actual transactions. As of midday, the mainstream price for wire drawing in East China is between 6,500 and 6,600 yuan/ton.

2. Translate the above content into English and directly output the translation result without any explanation.Price List

Unit: RMB/ton

Three. Market Outlook

Recycled Plastic Market The market lacks positive support and may continue to operate in a weak pattern. However, due to cost constraints, the price adjustment range is limited, and actual transactions are mostly conducted through negotiations. As the weather turns colder, the efficiency of waste plastic recycling is restricted, and in the short term, raw material prices mainly focus on digesting recent declines. Currently, the profit levels of recycling manufacturers are at a low point, with some companies nearing the breakeven point, making it difficult to further reduce the prices of recycled plastics. Entering late October signals that the traditional peak season is nearing its end, and the momentum for downstream demand release is further slowing down, with purchasing maintaining a just-in-time rhythm. Recycling manufacturers, in order to maintain customer relationships and facilitate cash flow, have increased their willingness to ship actively, and there is still some room for negotiation to promote actual transactions.