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According to the monitoring data of the cable network, the spot price performance of the PVC market this month fluctuated
upward.
The average price of PVC spot at the beginning of the month was 5232 yuan / ton, and the price at the end of the month was 5276 yuan / ton, which was 40 yuan / ton higher than the beginning of the month, an increase of 0.
76%.
This month, merchant shipments were slow, the overall market atmosphere was light, the transaction situation was not ideal, and the trading atmosphere was lower than that of the previous month
.
.
The average price of PVC spot at the beginning of the month was 5232 yuan / ton, and the price at the end of the month was 5276 yuan / ton, which was 40 yuan / ton higher than the beginning of the month, an increase of 0.
76%.
This month, merchant shipments were slow, the overall market atmosphere was light, the transaction situation was not ideal, and the trading atmosphere was lower than that of the previous month
.
The reasons for the increase in prices in the PVC market this month are analyzed as follows:
Macro: This month, the market is generally concerned about the referendum to leave the European Union, after poll data mostly showed that the Remain camp prevailed, the market also expected the UK to remain in the EU, optimism boosted the market, commodities were strongly supported to the upside, and the domestic PVC market rose
sharply.
Domestically, the profits of China's industrial enterprises in May increased by 3.
7% year-on-year, although the growth rate fell slightly, but the efficiency of industrial enterprises continued to show positive changes
.
At present, PVC market prices are supported by rising factors, and PVC fundamentals have risen
slightly.
In the upstream market, the recent polyolefin market continued to be green, downstream demand was flat, and international crude oil showed a narrow range this week, and the impact on its downstream products was divergent
.
The stalemate in the calcium carbide market is difficult to change, subject to the influence of the contradiction between supply and demand, individual enterprises slightly increase the price to flexibly adjust, and the overall price of the market does not fluctuate much
.
Asian ethylene prices remained stable, the centralized maintenance of crackers continued, downstream cost pressure was still large, buyers slowed down the purchase deadline, but suppliers had high upfront costs and refused to give prices, and the short-term market was still slightly deadlocked
.
Spot market: this month, PVC prices rose, and there was almost no PVC maintenance phenomenon, plus Baotou sea level is still purchasing calcium carbide in large quantities, the market surplus is not obvious, only some downstream unloading trucks have increased, so the market has increased its cautious attitude towards price readjustment, and the price center of gravity has remained stable
.
Asian ethylene market prices rose, CFR Northeast Asia rose $30 to close at $1124.
5-1126.
5 / ton; CFR Southeast Asia rose $30 to settle at $1094.
5-1096.
5/mt
.
Future market forecast: this month, the domestic PVC market prices are generally stable, individual slight adjustments, market monetary easing, commodity markets rebound
strongly.
The upstream ethylene supply is tight, and the price of ethylene is firm, which has a strong
support for the cost of ethylene PVC.
The downstream demand for high-priced raw materials has slowed down, and the market is mainly wait-and-see, but relevant enterprises in the industry have reached a consensus on price insurance to maintain market stability, and calcium carbide prices are relatively strong in the short term, which supports PVC costs strongly, and the fundamentals are expected to maintain range-bound volatility in the short term
.
