Today’s plastic market presents a pattern of mixed gains and losses with sector differentiation. Affected by the Middle East situation and upstream cost transmission, PE (Polyethylene) has become the leading gainer in the market, while PS (Polystyrene) has seen a pullback from highs due to weak downstream demand.

PE Sector Leads the Rally Strongly

Supported by crude oil costs and tight imported supply, the PE market has seen a full surge across the board. LDPE delivered the most eye-catching performance, with brands such as Iran Petrochemical and Qatar Petrochemical posting a single-day surge of up to 800 CNY/ton. LLDPE also performed well: Borouge FB2230 from the UAE skyrocketed 1500 CNY/ton in a single day, and ExxonMobil 6201XR rose 1400 CNY/ton. Among HDPE products, Formosa Plastics 8010 saw a single-day increase of 1000 CNY/ton.

PP (Polypropylene) Rises Volatilely

The market showed an overall upward trend. Zhongjing Petrochemical T30S rose 630 CNY/ton in a single day, and Beihai Refining & Chemical PPH-MN60 increased by 650 CNY/ton.

PS Sector Pulls Back from Highs

Affected by insufficient follow-up orders in downstream home appliance, electronics and other industries, the PS market has shown signs of correction. Among GPPS products: Huizhou Renxin 525B plummeted 850 CNY/ton in a single day, and Fujian Tianyuan 635 fell 400 CNY/ton. Among HIPS products: Shanghai SECCO 622P dropped 500 CNY/ton, and Thai Petrochemical HI650 fell 120 CNY/ton.

Other Varieties

• ABS: The market saw mixed gains and losses. Chi Mei Taiwan 757 rose 500 CNY/ton, and Ningbo LG Yongxing 121H increased by 300 CNY/ton.
• PC: The market showed differentiation. Lotte Chemical Korea 1100 skyrocketed 1050 CNY/ton, while Chi Mei Taiwan 110 fell 250 CNY/ton.
• PVC: Generally rose by about 500 CNY/ton supported by costs.