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Trade Service
According to the monitoring data of the cable network, this week, the spot price performance of the PVC market closed slightly lower
.
The average price of PVC spot at the beginning of the week was 6290 yuan / ton, and the weekend price was 6254 yuan / ton, down 36 yuan / ton, down 0.
57%.
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:
On a macro front, this week, the US non-farm payrolls were revised from 235,000 to 219,000 in February and from 238,000 to 216,000
in January.
Domestically, the Caixin China Composite Output Index fell 0.
5 percentage points to 52.
1 in March from February, and overall economic activity slowed to its lowest level in nearly half a year
.
At present, the price of PVC market is not supported by rising factors, and PVC fundamentals have fallen
slightly.
In terms of the upstream market, this week, the domestic raw material calcium carbide market was mixed, and the prices of various regions were flexibly adjusted according to the arrival situation, and the industry was cautious, and it is expected that the domestic calcium carbide market will operate
steadily in the short term.
Ethylene prices in Asia rose
somewhat.
Among them, the price of CFR Northeast Asia rose by $10/ton to close at $1149.
5-1151.
5/ton, and the price of CFR Southeast Asia closed at $1034.
5-1036.
5/ton
.
Spot market: This week, the price of some domestic PVC spot markets was mixed
.
North China calcium carbide law reported 6110 yuan / ton, flat; ethylene law reported 6420 yuan / ton, down 40; East China calcium carbide law reported 6200 yuan / ton, flat
.
South China calcium carbide method reported 6180 yuan / ton, flat, ethylene method 6650 tons, flat
.
The price of raw materials was basically flat, East China reported 3,000 yuan, flat, and Northwest reported 2,600 yuan, flat
.
Future market forecast: This week, the PVC physical market trend is volatile and falling
.
On the whole, the domestic PVC market is basically stable, spot trading is general, East China and South China are stable and wait-and-see, North China is not performing well, prices are slightly loosened, and demand momentum is insufficient
.
Traders have a general mentality, weak high-price transactions, and stable price
shipments.
Futures markets continue to fall, and the bulk market is unlikely to be supported
.
The demand performance is weak, and the downstream just needs to be purchased
.
At present, the shipment pressure of the PVC market is still unabated, and the inventory of major ports, terminals and warehouses is high; Manufacturers still maintain a high operating load, while some provinces in North China have strict environmental protection inspections, some downstream processing plants have been hindered in production, the contradiction between supply and demand imbalance is prominent, and prices have fluctuated lower
.
It is expected that in the short term, the PVC market will be
dominated by narrow range.
