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According to the monitoring data of the cable network, the spot price performance of the PVC market this month fluctuated
upward.
The average price of PVC spot at the beginning of the month was 5052 yuan / ton, and the price at the end of the month was 5426 yuan / ton, which was 374 yuan / ton higher than the beginning of the month, an increase of 7.
40%.
This month, merchants shipped positively, the overall market atmosphere was better, the transaction situation was relatively ideal, and the trading atmosphere was upward compared with last week
.
PVC market demand performed well
this month.
The main reasons for the analysis are:
Macro: This month is mainly affected by the real estate easing policy and the market supply is not much, the pre-sale orders of production enterprises are opened to March, the company raises the price, the spot price follows the rise, the downstream market resumes after the Spring Festival, the demand for PVC increases, the external market rises, exports are favorable, and the futures price continues to rise
.
Spot market: This month, the domestic PVC spot market price remained relatively firm
.
As of March 29, East China calcium carbide law reported 5390 yuan / ton, up 570 yuan / ton from January; Ethylene law reported 5750 yuan / ton, up 20 yuan / ton
from January.
The early downstream stocking continued, PVC enterprise inventory also decreased rapidly, the factory price also rose with the trend, to the later downstream enterprises to complete the stocking task, the market returned to stability, enterprises maintained a high level of consolidation situation
.
Inventory: As of March 25, the PVC inventory in the East China sales area has fallen to about 195,000 tons, and there are not many local arrivals in the near future, mostly in the stage of de-inventory digestion; and PVC inventory in the Guangzhou port in South China has recently increased steadily, because the orders of most enterprises and foreign companies in the early stage are relatively concentrated, and the goods have arrived in recent days, and the current PVC inventory in South China has increased by about 70,000 tons, and the inventory change is mainly because of the concentration of external orders owed by most enterprises in the early stage
.
Future forecast: This month, monetary easing in the Central European market has boosted commodity markets
.
The upstream ethylene supply is tight, and the price of ethylene is firm, which has a strong
support for the cost of ethylene PVC.
Under the condition of joint adjustment and price insurance of calcium carbide, it is expected that the price is expected to stabilize and recover
.
