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According to monitoring data, this week, the PVC market pulled back slightly, down about 0.
86%, which was smaller than last week's decline, and individual manufacturers rose slightly, and the market wait-and-see atmosphere was strong
.
The trading atmosphere of the PVC market in East China and North China is general, the high price shipment is not smooth, the quotation fell slightly, the market wait-and-see atmosphere is strong, the merchant operation is cautious, some are expected to continue to fall and decline, the actual transaction center of gravity is weak downward, and the price of upstream manufacturers is basically stable, and there are individual pullbacks
.
In April, the settlement price in South China was 5450 yuan (ton price, the same below), down 50 yuan; East China settled at 5,530 yuan, up 70 yuan; North China settlement price of 5340 yuan, down 10 yuan; The ethylene settlement price was 5830 yuan, up 10 yuan
.
Fundamentals: The trading atmosphere of the domestic PVC market is weak
.
According to data released by the National Bureau of Statistics, GDP grew by 6.
7% in the first quarter of this year, the lowest since 2009, but export data performed well and stopped falling and rebounded
.
The IMF raised China's economic growth rate to 6.
7% from 6.
5%, showing the IMF's confidence in
China's economy.
Upstream, the price trend of ethylene rose, and the average price of ethylene was 965.
40 US dollars / ton by the end of the week, down 0.
83% from the price of 973.
60 US dollars / ton at the beginning of the week, and down 13.
53%
year-on-year.
The ethylene market price is temporarily stable, and the market investment is quiet
.
The price of the domestic calcium carbide market is stable and upward, with the factory quotation of mainstream manufacturers at the beginning of the week being 2138 yuan / ton, and the factory quotation of mainstream manufacturers at the weekend being 2143 yuan / ton, up 0.
23% from the previous month and down 12.
69%
from the same period last year.
Affected by the recent PVC products have always been running at a high level, the transaction is weak, the market wait-and-see atmosphere is strong, the pressure of enterprise inventory is increasing, although there is a recent spring maintenance benefit, but the PVC market is still tepid, it is expected that the PVC market is more likely to fall
.
At present, the 360,000 tons/year PVC plant in Jinlu, Sichuan is stopped, the 640,000 tons/year PVC plant in Inner Mongolia Junzheng has begun maintenance, and the 300,000 tons/year PVC plant in Dezhou Shihua is under maintenance
.
This week, the domestic PVC market is generally stable, some are still downward, and some of the expected market conditions are down again, aggravating the bearish atmosphere
in the market.
Traders in the spot market did not ship well, and the quotation fell steadily, allowing profits to be shipped sources
.
The factory price of upstream manufacturers is temporarily stable
.
It is expected that the domestic PVC market will be weak next week, stop falling and stabilize, and decline slightly by 1%.
