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Trade Service
According to the monitoring data of the cable network, the spot price performance of the PVC market rose slightly this week
.
The average price of PVC spot at the beginning of the week was 7376 yuan / ton, and the weekend price was 7520 yuan / ton, up 144 yuan / ton, up 1.
95%.
This week, merchants shipped positively, the overall market atmosphere was good, the transaction performance was ideal, and the trading atmosphere was upward compared with last week
.
The reasons for the increase in prices in the PVC market this week are analyzed as follows:
On a macro front, this week, the US released ADP employment data
for August.
ADP employment increased by 237,000 in August, significantly better than expected
.
Domestically, the CPI rose 0.
4% month-on-month and 1.
8% year-on-year in August; PPI rose 0.
9% month-on-month and 6.
3%
year-on-year.
At present, PVC market prices are supported by rising factors, and PVC fundamentals have risen
slightly.
In the upstream market, this week, naphtha CF Japan reported 501.
62 yuan / ton, up 1; Naphtha FOB Singapore was trading at $53.
8 a barrel, up 0.
11
.
ethylene CFR Northeast Asia 1315, up 10; CFR Southeast Asia was flat at $1200/mt
.
Spot market: This week, the price of some domestic PVC spot markets was basically flat
.
North China calcium carbide law reported 7670 yuan / ton, flat; ethylene law reported 7920 yuan / ton, flat; East China calcium carbide law reported 7650 yuan / ton, flat; South China calcium carbide method 7780, down 40, ethylene method 7950 tons, flat
.
The price of raw materials was basically flat, with East China reporting 3100 yuan, flat, and Northwest reported 2700 yuan, flat
.
Future market forecast: This week, affected by environmental protection, calcium carbide operating rate is limited, prices are firm, ethylene supplies are tight, prices continue to rise, and PVC costs are strongly supported
.
However, short-term PVC is affected by the increase in operating rate, inventory has rebounded slightly, coupled with the increase in exchange warehouse receipts in the delivery month, and the market supply is expected to increase
.
Enter the small peak season of gold nine silver ten demand, pay attention to the demand
of the future market.
Technically, the PVC1801 contract increased its position to the downside, focusing on the support around 7200 below, the pressure around 7700 above, and the short-term focus on the support below
.
It is expected that in the short term
, the PVC market will be mainly volatile.
