Recycled EPS: Different Sources of Goods Perform Differently, Prices are Mixed

After mid-August, different supply sources in the recycled EPS market had different trends. Among them, the supply of white materials was squeezed by the price of new materials, high-priced shipments were blocked, prices fell under pressure, real orders were hard to see, and there was no market for prices. The demand for tea and ordinary tea materials has improved, and coupled with the boost in costs, prices have risen.

The supply of goods is mixed, and prices are mixed

After mid-August, the recycled EPS market performed differently, and different pellet sources fluctuated. Among them, the supply price of white materials fell, and the supply of brown materials rose. As of August 22, the mainstream price of Dabai high-quality granules was 8400-8700 CNY/ton, down 250 CNY/ton compared with the price at the beginning of the month; the mainstream price of Zhongbai high-quality granules was 8000-8300 CNY/ton, which was basically the same as the price at the beginning of the month; domestic brown transparent The mainstream price of granules is 7200-7600 CNY/ton, an increase of 300 CNY/ton from the price at the beginning of the month; the mainstream of brown ordinary granules is 6500-6800 CNY/ton, an increase of 200 CNY/ton from the price at the beginning of the month.

The price of new materials has fallen, and it is difficult to see real orders with high prices for white materials.

With the decline in the prices of crude oil and styrene, the supporting role of the cost side weakened, the price of the new material GPPS525 fell, and the price difference between the old and new materials narrowed, which was bad for the recycled EPS market. In particular, the price difference between white material particles and new material GPPS is small, and even upside down. Affected by this, downstream board factories are more resistant to high-priced recycled materials. The high-priced shipment of white materials was hindered, and the price fell under pressure, but supported by the cost side in the early stage, the decline was limited. There are few real orders for white materials, and there is no market for prices.

The demand is improving, the supply is tight and the cost side is boosted, and the price of brown pigment particles rises

Compared with large white and medium white granules, the price difference between brown and white granules is relatively large, and they have a relative price advantage, and the demand has improved. In addition, there are not many new supply sources in the market, and the supply of low-priced goods in the market is limited. Manufacturers are reluctant to sell at low prices, and quotations have risen. At the same time, affected by high temperature and rainy weather, the recovery and transportation of wool materials are limited, and the supply of wool materials in the market is limited and the supply is tight. In the early stage, the demand for brown pigment particles was relatively weak, the shipment was slow, and the production enthusiasm of the manufacturers was not high. With the increase of production enthusiasm of pellet manufacturers, the supply of superimposed wool materials is tight, wool manufacturers are reluctant to sell at low prices, and quotations have risen. The rise of wool material has played a strong support for the brown material from the cost side. As of August 22, the mainstream price of domestic brown hot frit was 5800-6200 CNY/ton, which was 250 CNY/ton higher than the price at the beginning of the month.

It is expected that the demand will not improve significantly in the later period, and the price difference between different sources will be narrowed

In terms of supply, in the short term, with the decrease of the temperature in the north, the recovery of wool has improved, but there are still some areas where high temperature weather continues, which affects the recovery and transportation of wool in the market. In addition, the production environment of packaging plants in some southern regions is unstable, and it is difficult to increase the supply of recycled EPS wool significantly. , the new supply of pellets is limited. In terms of demand, although the traditional peak season is gradually progressing, in the short term, the traditional off-season signs are difficult to disappear, and it is difficult for the demand to improve significantly. The new material side is still likely to fall, and the price difference between new and old materials is not large, suppressing the price of recycled materials. It is expected that the price of white material will still fall, and the decline is concerned with the cost-side situation. Some stockholders may support the price, but it is difficult to have a real order. The price of brown material is narrowly arranged, and the price difference between white material and its price may be narrowed.