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Analysis of domestic PVC market this week (8.21-8.25)

 Last Update: 2022-12-06
 Source: Internet
 Author: User

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According to the monitoring data of the cable network, the spot price of the PVC market this week was stable
.
The average price of PVC spot at the beginning of the week was 7254 yuan / ton, and the weekend price was 7254 yuan / ton
.
This week, the overall market is trading to continue last week's good trend
.

PVC market

The reasons for the stable price of the PVC market this week are analyzed as follows:

In the upstream market, Asian ethylene rose $15/mt this week, CFR Northeast Asia closed at $1279.
5-1281.
5/mt, and CFR Southeast Asia closed steadily at $1124.
5-1126.
5/mt
.
This is mainly due to tight supply and strong demand for styrene
.

Spot market: The overall trend of the domestic PVC market this week is acceptable, supported by the sharp rise in futures, the spot market quotation rose slightly again, but the terminal enterprises are seriously affected by environmental protection, parking more, and the general intention to take goods, the spot market shipments are general
.

Demand: According to the website of the Ministry of Housing and Urban-Rural Development, in 2017, the country plans to start the renovation of new shantytowns, and the country plans to start 6 million sets of new shantytown renovation
.
From January to July, 4.
7 million sets of construction have been started, accounting for 78% of the annual target tasks, and the investment of 117 million yuan
has been completed.

Future market forecast: This week's domestic PVC market quotation performance is stable, downstream demand is general, and merchants wait and see the future market
.
It is expected that the PVC market will continue to be stable next week
.

The reasons for the stable price of the PVC market this week are analyzed as follows:

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Responsible editor: Zhang Hui

Previous:Supported by the sharp rise in futures The price trend of the PVC market is acceptable

Next:Polyethylene market volatility upward spot market quotations rose

Previous:Supported by the sharp rise in futures The price trend of the PVC market is acceptable

Supported by the sharp rise in futures, the price trend of the PVC market is acceptable

Next:Polyethylene market volatility upward spot market quotations rose

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