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According to the monitoring data of the cable network, this week, the spot price performance of the PVC market fluctuated and fell
.
The average price of PVC spot at the beginning of the week was 5276 yuan / ton, and the weekend price was 5193 yuan / ton, down 83 yuan / ton, down 1.
57%.
This week, merchant shipments were slow, the overall market atmosphere was light, the transaction situation was not ideal, and the trading atmosphere was lower than last week
.
The reasons for the decline in PVC market prices this week are as follows:
On the macro level, according to data released by the National Bureau of Statistics, GDP grew by 6.
7% in the first quarter of this year, a new low since 2009, but export data performed eye-catchingly and stopped falling and rebounded
.
After concluding its policy meeting on the 21st, the European Central Bank announced that it would maintain the existing policy unchanged, including maintaining the main refinancing rate at 0%, the deposit rate at minus 0.
4%, and the marginal lending rate at 0.
25
%.
From the perspective of the domestic PVC spot market, the overall spot market is affected by international crude oil quotations, and the commodity market quotations are falling
.
In the upstream market, the price trend of ethylene rose, and the average price of ethylene was 965.
40 US dollars / ton by the end of the week, down 0.
83% from the price of 973.
60 US dollars / ton at the beginning of the week, and down 13.
53%
year-on-year.
The ethylene market price is temporarily stable, and the market investment is quiet
.
The price of the domestic calcium carbide market is stable and upward, with the factory quotation of mainstream manufacturers at the beginning of the week being 2138 yuan / ton, and the factory quotation of mainstream manufacturers at the weekend being 2143 yuan / ton, up 0.
23% from the previous month and down 12.
69%
from the same period last year.
Spot market: The price of some domestic PVC spot market is basically flat
.
The trading atmosphere of the PVC market in East China and North China is general, the high price shipment is not smooth, the quotation fell slightly, and the settlement price in South China in April was 5450 yuan (ton price, the same below), down 50 yuan; East China settled at 5,530 yuan, up 70 yuan; North China settlement price of 5340 yuan, down 10 yuan; The ethylene settlement price was 5830 yuan, up 10 yuan
.
The market wait-and-see atmosphere is strong, merchants operate cautiously, some are expected to continue to fall and decline, the actual transaction center of gravity is weak downward, while the prices of upstream manufacturers are basically stable, and some have pullbacks
.
Future market forecast: This week, the domestic PVC market is generally stable, some are still downward, and some of the expected market conditions are again down, aggravating the bearish atmosphere
of the market.
Traders in the spot market did not ship well, and the quotation fell steadily, allowing profits to be shipped sources
.
The factory price of upstream manufacturers is temporarily stable
.
The fundamentals are long and short intertwined, and the futures price is expected to remain weak and volatile
.
It is expected that the PVC market will not perform well in the short term, and maintain a weak pattern
for the time being.
