Plastic bottle raw material prices rise

In 2005 , due to many factors such as high oil prices, appreciation of the renminbi, the sale of Sinopec, and the expansion of PetroChina, the spot price of China's plastic raw materials rose significantly. According to the performance of the market in the first half of this year, the average price of raw materials for plastics this year has almost been “struck”. Ask the bottle manufacturers to pay attention to analyzing the market trend so as to reduce the cost of the bottle.
Since the
beginning of 2007 , driven by the strong rebound in crude oil prices, the recovery of downstream demand, the reduction of imported resources, and the continuing external factors, the price of plastic raw materials in the Chinese market has continuously risen. Afterwards, the fluctuations in the high oil price and the volatility in the external disk prices have hit the plastic raw material market. pullback into the consolidation trend; mid to late March, oil prices soared, the outer disk and monomer prices rose sharply and a series of good news, instigated a new round of plastic raw material prices soaring to record highs in May broke through, and remains volatile Upward trend.


In addition, the CPI price index, which is more accurate for the spot market, also clearly reflects that prices have generally been higher than in 2005 . The China Plastics warehouse receipts index broke the highest historical price in 2005 in January this year , and it has been oscillating up and the price has remained high. In the first half of this year, the average index of China Plastics warehouse receipts reached 1,206.26 points, a year-on-year increase of 245.69 points.

As far as the current situation is concerned, as long as the price of crude oil remains high, the monomer price remains high, and the price of plastic raw materials will drop sharply. Therefore, this year's plastic raw material prices will exceed the 2005 level will not be empty talk.

Macroeconomic

The uncertainty of the global economy, the globalization of the economy, and the substantial expansion of the global labor market, the increase in demand is driving the overall rapid rise in commodity prices. In addition, the global economy has sent more worrying signals: In view of increasing inflation and economic growth concerns, central banks around the world have raised interest rates; the latest data from relevant US agencies show that the core inflation rate is higher than originally expected. There has been a rise. With the strong economic development, the demand for energy and resources exceeded people's expectations and raised the prices of various commodities.

Crude oil supply and demand

The reasons for the high international oil prices are, of course, the factors that have contributed to the rise in oil demand due to the strengthening of the global economy and seasonal factors. But more importantly, the international oil market is filled with unease about the supply of oil, especially various types of speculative funds. Project speculation and profit from it. The dispute between the United States and Iran did not show signs of abating. As the second largest oil producer in OPEC and the second largest producer of oil in Saudi Arabia after the Saudi Arabia, it has an implicit influence on the international crude oil market. Even with OPEC coordination, Iran is It is still a big problem to comply with the decision or continue to maintain the price. Therefore, once there is a major setback in the Iranian nuclear issue, the soaring international oil price should be said to be certain. In addition, Nigeria’s oil production continued to be subject to armed attacks, making oil supply vulnerable and becoming a direct driver of oil prices. International oil prices have risen by more than 200% since 2002 and have repeatedly hit new highs. Since the beginning of this year, international oil prices have risen by 14% from 2005 , and continue to set a new record. At present, they are sprinting to US$ 80 / bbl. It is expected that the international crude oil price will not be able to fall back in the near future, and crude oil as an upstream product will have a direct impact on the cost of plastic raw materials and related industries. The prices of domestic naphtha, ethylene and plastic raw materials will still depend on the trend of crude oil prices.

Trader mentality

Due to the upward trend in international oil prices and the firmness of the market, traders are generally cautious about the current high prices of plastic raw materials. Early operations are fast-forward and there are few reserved stocks. This is due to the current poor demand, but also the price can still be The key factor of the basic stability. On the other hand, some large families have some resources in their hands but control their shipments. Taking into account the overall inventory may be less likely to continue, there are still some businesses have a small amount of goods intended, the market outlook is unlikely to fall. In summary, the outlook for the market outlook and the pattern of plastic raw material prices continuing to fluctuate in high levels in the second half of the year will not fundamentally change. The upward momentum remains. There is almost no suspense over the year's average price exceeding the 2005 level.

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