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According to the monitoring data of the cable network, this week, the spot price performance of the PVC market fell
slightly.
The average price of PVC spot at the beginning of the week was 6890 yuan / ton, and the weekend price was 6870 yuan / ton, down 20 yuan / ton, down 0.
29%.
This week's merchant shipments are light, the overall market atmosphere is weak, the transaction situation is not ideal, and the trading atmosphere is lower than last week
.
The reasons for the decline in PVC market prices this week are as follows:
In terms of the upstream market, the raw material calcium carbide market is running at a stable price, and supply and demand are in a game
.
The start of calcium carbide enterprises is stable and downward, Wuhai and Ningxia have calcium carbide furnace rotation repair, abnormal production and other phenomena, calcium carbide production has decreased, most calcium carbide enterprises in Wuhai and Ningxia areas have disappeared inventory pressure, but the start of calcium carbide furnaces in Shaanxi, Gansu and other places is relatively stable, and it is still mainly active shipment and inventory clearance
.
The ethylene market price in Asia was stable, and the CFR Northeast Asia closing price closed at 1379-1381 US dollars / ton; CFR Southeast Asia closed at $1279-1281/mt
.
Spot market: PVC market atmosphere is flat, futures continue to be weak and volatile, spot trading is tepid, the factory price of enterprises is generally stable, the mainstream prices in various markets do not fluctuate much, and the actual transaction price is still down
.
Type 5 ordinary calcium carbide, the mainstream self-pickup quotation in East China is 6200-6300 yuan / ton; 6220-6300 yuan / ton self-pickup in South China; Shandong mainstream 6200-6300 yuan / ton delivery, Hebei market mainstream 6200-6250 yuan / ton delivery
.
On the supply side, the downstream operating level is low, but over time, the demand for phased replenishment remains; Asian countries are in peak season, and there will still be strong export expectations later; In the later April, some enterprises entered the maintenance period, and the supply side gradually tightened; At present, PVC prices continue to fall, PVC manufacturers have reduced their profit margins, and some companies have certain price expectations
.
Future market forecast: This week, the overall domestic PVC market fluctuates in a narrow range
.
At present, the PVC bearish and favorable game is still continuing, and in the short term, the PVC market will still maintain the operation of the shock finishing pattern
.
In the medium and long term, the recovery of demand is the key to changing the market situation, such as the recovery of demand in the later period, it is not ruled out that the PVC market may usher in a wave of small increases
.
The future market also needs to pay attention to the impact
of futures, inventory, downstream receipts, upstream raw materials and national policies.
