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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:
Global Crude Oil Market Review On June 3, WTI crude futures settled at $93.76/bbl and Brent at $96.00/bbl, rising for two consecutive sessions. By the close of June 3, WTI climbed further to $96.02/bbl (+2.41%) and Brent to $97.81/bbl (+1.89%), as
# Daily Plastics Industry News Briefing - June 5, 2026 ## Market Data Overview ### China Plastic Packaging Industry (2026 Whitepaper) - Market Size: 285 billion RMB (YoY +6.2%) - Biodegradable packaging share: 18% (up from 3% in 2021) -
June 2: TDI down 350 RMB to 14,500-14,600 RMB/ton nationwide, rigid polyether down 300-350 RMB, BPA broad decline. TDI maintenance wave approaching, prosperity index 98.13.
June 2: WTI rebounded to $93.76 (+1.74%), US-Iran Hormuz divide deepens. TDI dropped 350 RMB/ton nationwide, rigid polyether fell 300-350 RMB, BPA broad decline.
According to SCI99 monitoring data, among 109 major chemical products, only 14 products rose in the first week of June (accounting for 12.84%), while 78 fell (71.56%). The plastic industry chain (PP/PE/PVC) performed relatively resistante to decline. This article analyzes the logic behind the high divergence in the chemical market and explores structural opportunities in the plastic industry chain.
On June 1, 2026, WTI crude oil surged 5.49% to `$`92.16/barrel, and Brent rose 4.24% to `$`94.98/barrel. US-Iran negotiations collapsed, and the risk of closing the Strait of Hormuz has surged. This article analyzes the transmission mechanism of crude oil surge to the polyolefin market and predicts future trends.
June PE maintenance losses projected to drop to 482kt, down 186.8kt from May. Supply recovery combined with cost decline and off-season demand creates dual weakness test for PE market in June.
US-Iran preliminary agreement triggers oil price plunge, WTI breaks below with nearly 17% monthly decline. Plastic cost support weakens as markets focus on June supply-demand rebalancing.
71% of chemical products fell. Aromatics sector routed. Climate index slipped into below-normal zone.
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