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According to the monitoring data of the cable network, the spot price performance of the PVC market this week fluctuated slightly
.
The average price of PVC spot at the beginning of the week was 5232 yuan / ton, and the weekend price was 5226 yuan / ton, down 6 yuan / ton, down 0.
11%.
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, China's industrial added value above designated size increased by 6% year-on-year in April, less than the expected 6.
5% and lower than the 6.
8%
in the previous month.
This week, the Fed released the minutes of its hawkish meeting, and the dollar jumped and oil prices plunged nearly $0.
80, mostly trading sideways near flat
.
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 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
.
Asian ethylene prices held steady this week, the centralized maintenance of crackers continued, downstream cost pressure was still large, buyers slowed down the deadline of procurement, but suppliers had higher upfront costs and refused to give prices, and the short-term market was still slightly deadlocked
.
Spot market: PVC market fluctuates in a narrow range, and price trends vary from region to region, with mixed ups and
downs.
North China calcium carbide law reported 5190 yuan / ton, flat; ethylene law reported 5510 yuan / ton, flat; East China calcium carbide law reported 5270 yuan / ton, up 60, ethylene law reported 5670 yuan / ton, unchanged
.
South China calcium carbide method reported 5220, flat, ethylene method 5780 tons, flat
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
.
Traders have a poor mentality, strong intention to make profits and shipments, and terminals are more holding goods and waiting for them, and basically purchasing
on demand.
Future market forecast: This week, the domestic PVC market is generally stable, some market quotations are raised, coupled with the market expectation of the Northwest Enterprise Joint Meeting favorable good news release, PVC prices remain strong and volatile
.
The downstream demand for high-priced raw materials has slowed down, and the market is mainly wait-and-see, but calcium carbide prices are relatively firm in the short term, which supports PVC costs strongly, and the fundamentals are expected to maintain range-bound
volatility in the short term.
It is expected that the PVC market will not perform well in the short term, and maintain a weak pattern
for the time being.
