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According to the monitoring data of the cable network, the spot price performance of the PVC market this week fluctuated and fell
.
The average price of PVC spot at the beginning of the week was 5426 yuan / ton, and the weekend price was 5386 yuan / ton, down 40 yuan / ton, down 0.
74%.
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 front, oil prices fell on Thursday this week, with light sweet crude futures for May delivery on the New York Mercantile Exchange down 49 cents, or 1.
3 percent, at $37.
26 a barrel
.
Brent crude futures on the European ICE Futures Exchange fell 41 cents, or 1 percent
, to $39.
43 a barrel.
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 of coke market for upstream related products this week fluctuated downward, the average price of the mainstream manufacturer market at the beginning of the week was 686 yuan / ton, and the average price of the mainstream manufacturer market at the weekend was 673 yuan / ton, down 1.
82% month-on-month, down 29.
17% year-on-year, due to the downturn in the downstream steel mill enterprises, the operating rate is low, and the procurement demand is weak, it is expected that the coke market will continue to weaken in the short term, and calcium carbide cost support will weaken.
The weak upstream market is not conducive to supporting the PVC spot market
.
Spot market: The price of some domestic PVC spot market is basically flat
.
North China calcium carbide law reported 5350 yuan / ton, down 50; ethylene law reported 5600 yuan / ton, down 30; East China calcium carbide law reported 5350 yuan / ton, down 40, ethylene law reported 5750 yuan / ton, flat
.
South China calcium carbide method reported 5400, down 30, ethylene method 5800 tons, flat
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2300 yuan, flat
.
Future market forecast: This week, the downstream terminal has a weak sentiment for the purchase of high-priced raw materials, and more on-demand goods are taken, and some companies have lowered the factory price, but the maintenance of the device in the future market is expected, the fundamentals are long and short intertwined, and the futures price is expected to maintain a weak range
.
It is expected that the PVC market will not perform well in the short term, and maintain a weak pattern
for the time being.
