Analysis of domestic PVC market this week (7.10-7.14)

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

Macro, according to statistics, the operating profit of retail enterprises in the first half of this year increased by 7.
6% year-on-year, and the recovery trend was prominent
.
On the whole, China's economy is stable and improving, and residents' income has grown
steadily.

In the upstream market, ethylene prices in Asia were stable this week, with CFR Northeast Asia 943.
5-945.
5 USD/mt and CFR Southeast Asia 863.
5-865.
5 USD/mt
.
The supply and demand fundamentals of the ethylene market remained balanced in the short term, and spot ethylene demand remained stable
.
Styrene demand is acceptable
.

Spot market: PVC producer prices rose
slightly this week.
The pre-sale of upstream enterprises is better, the factory quotation is still firm, there are not many pre-supplies in the market, and the downstream on-demand procurement is the mainstay
.
The mainstream transaction price of calcium carbide SG-5 in the East China market is 6580-6650 yuan / ton; The mainstream transaction price of calcium carbide SG-5 in the South China market is 6600-6620 yuan / ton; The mainstream transaction volume of SG-5 before tax in North China was 6050-6100 yuan / ton
.

Future market forecast: this week's domestic PVC market quotations are higher, downstream demand is better than last week, and merchants are more motivated to purchase
.
It is expected that the PVC market will continue to rise
next week.