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Keep pushing high! PA66 daily increase of 1000 yuan/ton! PC up 900 yuan/ton! 95% of goods or zero tariffs! 15 countries including China, Japan, and South Korea have established a group, and the world's largest free trade zone has arrived!


On the 15th, the signing ceremony of the Regional Comprehensive Economic Partnership Agreement (RCEP) was held via video, and the economic and trade ministers of 15 member countries officially signed the agreement.

 

As of 2018, the 15 member states of the agreement will cover approximately 2.3 billion people worldwide, accounting for 30% of the global population; The total GDP exceeds 25 trillion US dollars, and the region included will become the world's largest free trade zone.

The RCEP negotiations will undoubtedly take greater steps in reducing tariff barriers, and in the future, 95% or even more of the tariff items will not be excluded from being included in the zero tariff range. The market space will also be greater. The expansion of member states from 13 to 15 is a major policy benefit for foreign trade enterprises.

After the signing of RCEP, if more than 90% of products gradually have zero tariffs, it will greatly promote the economic vitality of more than ten members, including China.

In the current international situation, after 8 years of negotiations, RCEP has been signed, showing people light and hope in the haze, indicating that multilateralism and free trade are the right path and still represent the correct direction for the world economy and human progress.

 

Price adjustment dynamics

The transaction status of Mosu Trading Platform, PA6 universal price index: 11900 yuan/ton, an increase of 308 yuan/ton compared to the previous trading day; PA6 low viscosity price index: 11866 yuan, an increase of 358 yuan/ton compared to the previous trading day; PA66 universal price index: 29133 yuan/ton, an increase of 133 yuan/ton compared to the previous trading day!

 

quotations  analysis

The main performance of PA6 market prices is to continue to rise; The market price of PA66 has shown a significant increase; The PC market price is mainly characterized by high operating prices; The ABS market price is mainly characterized by stable consolidation; The POM market price is mainly characterized by stable operation. It is expected that the price fluctuation in the engineering plastic market will be the main trend today!

PA6

Market trend:

The transaction situation of Mosu Trading Platform shows that the market price of PA6 continues to rise. The prices of aggregation factories in the market have generally increased; Enhanced cost support for slicing, downstream restocking on demand, and continued increase in merchant quotes; According to the transaction data of Mosu Network platform, it is expected that the market price of PA6 will be slightly stronger today!

 

PA66

Market trend:

The transaction situation on the Mosu Trading Platform shows that the market price of PA66 is mainly showing a continuous rise. The prices of aggregation factories and holders in the market have been partially increased; The prices of raw materials such as hexamethylene diamine and adipic acid have significantly increased, and with cost support, merchant offers continue to rise; The prices of products on the platform vary with the market. According to the transaction data of Mosu Network platform, it is expected that the market price of PA66 will be strong and upward today!

 

 

 

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