Analysis of domestic PVC market this week (6.5-6.9)

The reasons for the decline in PVC market prices this week are as follows:

On the macro side, European and American crude oil prices were weak and volatile this week, as U.
S.
crude oil inventories unexpectedly rose, gasoline and distillate inventories also increased, causing oil prices to plunge this week, WTI oil prices fell to around
$46 / barrel.
U.
S.
crude inventories reached 513.
207 million barrels, up 3.
3 million barrels from the previous week, and U.
S.
crude oil production averaged 9.
318 million barrels per day, down 24,000 barrels from the previous Sunday's average and still up 573,000 barrels
per day from the same period last year.
The global glut of crude oil remains unchanged
.

In the upstream market, the domestic calcium carbide market price continued to decline this week, and the factory quotation of mainstream manufacturers was 2485 yuan / ton by the end of the week, down 2.
47%
from last week.
The falling calcium carbide price upstream cannot form a strong support
for the PVC market.

Spot market: PVC producer prices fell
slightly this week.
Linyi market PVC transaction is general, downstream demand is not good, the transaction volume is low, most of the merchants are wait-and-see, the price fell slightly, 5 type materials excluding tax report 5350-5430 yuan / ton delivered, the price of the whole vehicle is slightly lower
.
The PVC market in Guangzhou was slightly reduced
.
Ordinary type 5 calcium carbide mainstream 5850-5950 yuan / ton self-pickup, Tianhu 5950 yuan / ton, Yili / Junzheng 5950 yuan / ton, Sanlian 5850 yuan / ton, salt lake 5880 yuan / ton; Shantou salt lake 5950 yuan/ton, Tianhu 5950 yuan/ton, Junzheng/Yili 6020 yuan/ton, Xinfa 59550 yuan/ton; Ethylene Dagu 1000 size bag, 800 size bag, 700 at 6350 yuan / ton, Dagu 1300 at 6650 yuan / ton
.
Actual transaction negotiation
.

Future market forecast: the domestic PVC market continues to be weak and tidying trend
.
The prices of upstream raw materials ethylene and calcium carbide are loose, and the demand for downstream pipes and profiles is weak
.
Merchants lack confidence in trading, and mainly
wait and see for stable prices in the future market.
South China traders individual quotes loosened
.
In terms of news, Guangdong launched a special supervision action for air and water pollution prevention and control in June, and the downstream demand for PVC in the southern region will be limited, and businesses generally wait and see the market owner
.
It is expected that the PVC market will continue to remain weak in the short term
.