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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 fluctuated slightly
.
The average price of PVC spot at the beginning of the week was 5186 yuan / ton, and the weekend price was 5178 yuan / ton, down 8 yuan / ton, down 0.
15%.
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, the US CPI rose 0.
2% month-on-month in May, less than the expected 0.
3% increase, and the prices of most goods and services did not rise
sharply according to the breakdown data.
Domestically, in May, in the face of the complicated domestic and international situation and the continued large downward pressure on the economy, the national economy continued to maintain an overall stable and steady development trend
.
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 stalemate in the calcium carbide market this week is difficult to change, subject to the impact of the contradiction between supply and demand, individual enterprises slightly raised prices to adjust flexibly, and the overall price of the market did not fluctuate much
.
Asian ethylene market prices remained stable after a slight decline, most ethylene downstream demand remained limited due to its margin losses, end-users continued to wait and see, CFR Northeast Asia closed at $1039-1041/mt and CFR Southeast Asia closed at $1044-1046/mt
as of the weekend.
Spot market: The domestic PVC market was weak and weak this week, and the transaction was weak
.
calcium carbide SG-5 East China mainstream quotation of 5150-5250 yuan / ton, down 80 yuan; South China's mainstream quotation of 5160-5250 yuan / ton, down 50 yuan; North China mainstream quotation 5150-5260 yuan / ton; ethylene Fahua South China Dagu 1000/800/700 reported 5600 yuan / ton; Dagu 1300 model reported 5900 yuan / ton
.
East China Qilu material S1000 reported 5670 yuan / ton, S700 reported 5780 yuan / ton, Dagu 1000/800 reported 5650 yuan / ton
.
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, due to the recent PVC products have been running at a low level, the transaction is weak, the market wait-and-see atmosphere is strong, the pressure on corporate inventory has increased, the overall mentality is cautious, downstream demand has not changed significantly, the willingness to stock is low, and the real transaction is general
.
Due to the lack of strong news support, traders' confidence has been lost, and small concessions have been made to facilitate the deal
.
，
。 It is expected that the PVC market will not perform well in the short term, and maintain a weak pattern
for the time being.
