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According to the monitoring data of the cable network, the spot price of the PVC market this week showed a slight increase
.
The average price of PVC spot at the beginning of the week was 6426 yuan / ton, and the weekend price was 6526 yuan / ton, up 100 yuan / ton, or 1.
56%.
This week's merchant procurement demand continued the good trend of last week, and the overall market transaction situation was better
.
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
.
In the first half of the year, the GDP was 3.
8149 billion yuan, a year-on-year increase of 6.
9%
at comparable prices.
In terms of quarters, the first quarter increased by 6.
9% year-on-year, and the second quarter increased by 6.
9%.
On the whole, China's economy is stable and improving
.
In terms of upstream markets, Asian ethylene prices were stable this week, Asian ethylene prices were stable, CFR Northeast Asia was at $968.
5-970.
5/mt, CFR Southeast Asia was at $873.
5-875.
5/mt
.
Hanwha Total Petrochemical's restart of its 1 million mt naphtha cracker is expected to resume full capacity this weekend, with an increase
in ethylene supply from Asia.
The current demand is acceptable, ethylene profits are good, and the ethylene market maintains a balance
between supply and demand in the short term.
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 6800-6900 yuan / ton; The mainstream transaction price of calcium carbide SG-5 in the South China market is 6800-6950 yuan / ton; The mainstream transaction volume of SG-5 before tax in North China was 6200-6250 yuan / ton
.
Future market forecast: this week's domestic PVC market quotations rose slightly, downstream demand was better than last week, and merchants were more motivated to purchase
.
It is expected that the PVC market will continue its upward trend
next week.
