Engineering Plastics Market Divergence
On June 2, the engineering plastics market showed clear divergence. Only PA66 rose (+0.48%), while PA6 plunged -4.61% and PET dipped -0.50%. PC held steady. Average change: -1.16%.
PA6 Single-Day Crash: Supply-Demand Mismatch
PA6 crashed 4.61% on June 2 from 12,300 to 11,733 yuan/ton, a 567 yuan drop. Wuxi Chang’an Polymer operates at only 40% capacity with quotes at 11,900 yuan/ton. Daily reports indicate "weak consolidation, negotiated deals." Caprolactam cost support remains insufficient, suggesting further downside pressure.
PC Steady: Temporary Balance
PC held at 16,033 yuan/ton. Brand quotes: SABIC 141R-111 at 19,100 yuan/ton, Chi Mei PC-110 at 19,200 yuan/ton, Covestro 2805 at 15,300 yuan/ton (-100), Lotte SC-1100R at 14,900 yuan/ton (-200). Overall price center remains stable despite widening brand gaps.
PET Consolidation: 26% Gain in 90 Days
PET at 8,460 yuan/ton despite a minor -0.50% dip, has surged 26.03% over 90 days. Futures main contract 2609 at 7,590 yuan/ton, with a spot premium of 912.5 yuan/ton. Biodegradable plastic share has risen to 18% (from 3% in 2021).
CHINAPLAS 2026 Highlights
The 38th China International Plastics Exhibition was held April 21-24 in Shanghai. Key innovations included antimicrobial PC materials, photonic crystal pigments, and Trinseo’s recyclable PC battery cover technology.
Policy and Outlook
MIIT’s 2026 energy efficiency monitoring covers PVC, ethylene, and caustic soda. Zhongsu Co. (BYD supplier) faces IPO review on June 4, seeking 645 million yuan. A plastics recycling conference is scheduled for June 16 in Ningbo.
