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In today's rapidly evolving global economy, staying informed about market trends is crucial for business success. Tai Hing is dedicated to providing professional market insights to help clients make procurement decisions at the right time and achieve mutual benefits.

Below, we have compiled recent information on raw material price fluctuations for your reference. (All prices are ex-factory price excluding tax.)

PA6 (Nylon 6)

Price Changes: PA6 experienced a small increase initially, followed by a significant drop, then a rebound, another slight decline, and finally a minor recovery on March 3rd. Overall, there was a decrease of approximately 1.3%.

Future Trend: According to chart data, PA6 prices experienced several fluctuations over this period, but the overall trend was a decline followed by an increase, indicating some market recovery in the short term. However, market dynamics are influenced by various factors, including supply and demand, raw material prices, and policy adjustments, leading to uncertainties in the specific price movements.

It is recommended to closely monitor market supply and demand, raw material prices, and policy changes, and make purchases in batches as needed to mitigate the risks associated with price volatility.

PA66 (Nylon 66)

Price Changes: Overall, PA66 experienced a period of stability, followed by a decline, and then a rebound and recovery, eventually stabilizing. The overall price fluctuation tended toward 0.

Future Trend: In the short term, the rebound observed on February 22 indicates a potential upward trend. If this continues, prices may rise further over the next few weeks. For the medium to long term, it is important to monitor whether there are additional positive developments or changes in market demand.

It is recommended that clients closely track market dynamics and the related demand factors, adjust their purchasing plans flexibly, and adopt a wait-and-see approach or low-point purchasing strategy based on actual needs to optimize their procurement decisions.

PBT:

Price Changes: Overall, PBT has shown a significant downward trend, with a decline of approximately 1.2%.

Future Trend: Given the noticeable downward trend in prices over the past week, if this trend continues, prices may continue to fall in the coming weeks.

It is recommended that clients maintain stability, closely monitor market dynamics, promptly obtain updates on market demand and price information, remain cautious, and adjust forecasts and procurement strategies as needed to adapt to market conditions.

PET (Polyethylene Terephthalate)

Price Changes: PET reached a small trough around December 21, after which prices began to rise, reaching a peak around January 8. Following this, prices experienced some fluctuations but maintained an overall upward trend, reaching another peak around February 13. On February 22, prices saw a slight decline, but they subsequently rebounded to 6,276 yuan per ton around March 3. Overall, there was an increase of approximately 2.5%.

Future Trend: From the data, PET prices have fluctuated over this period but have shown an overall upward trend. If this pattern of fluctuation continues, prices may remain volatile around the current level in the future. 

It is recommended that clients observe the medium to long-term market dynamics. Since PET prices are significantly influenced by fluctuations in the crude oil market, changes in the oil market are also critical factors to monitor.

PP (Polypropylene)

Price Changes: PP has been trending downward, particularly reaching a low point around February 4. Although there was a slight recovery around February 13, the overall trend remains downward with a significant decline, reflecting market downward pressure. The cumulative decline over this period is approximately 1.7%.

Future Trend: Over this period, PP has shown a downward trend. If this downward trend persists, prices may continue to fall in the future. However, there is also a possibility of stabilization or a rebound at some point. It is recommended that clients closely monitor market dynamics and changes in demand, and adjust their procurement strategies flexibly based on actual needs to make more accurate decisions and avoid additional costs caused by market fluctuations. Since PP prices are significantly influenced by fluctuations in the crude oil market, changes in the oil market are also important factors to watch. 

We fully understand that corporate procurement requires reliable information support. Therefore, Tai Hing will continue to provide customers with transparent and accurate market dynamics, working together with you to address market changes. By regularly sharing raw material price information, we aim to help customers plan their procurement schedules reasonably and achieve higher cost efficiency.

Tai Hing has always adhered to the philosophy of "customer-centric, co-creating value," dedicated to building long-term, trusted partnerships with our customers. In the future, we will continue to strive to provide more valuable market insights to support your business growth.

For further market data or professional advice, please feel free to contact us anytime. Let's join hands, work together, and create a bright future! Email:marketing@taihingnylon.com

The above information is for reference only. Data provided by "Business Union" and "Today's Plastic Prices." English translation available upon request.

https://www.100ppi.com/ppi/

https://mp.weixin.qq.com/s/prjaM_us5_f9gOsS3CIw3w