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According to the monitoring data of the cable network, this month, the spot price of the PVC market rose
slightly.
The average price of PVC spot at the beginning of the month was 6870 yuan / ton, and the price at the end of the month was 6890 yuan / ton, which was 20 yuan / ton higher than the beginning of the month, an increase of 0.
29%.
This month, merchants shipped positively, the overall market atmosphere was better, the transaction situation was more ideal, and the trading atmosphere was upward
compared with the previous month.
The reasons for the increase in prices in the PVC market this month are analyzed as follows:
Upstream market: At present, naphtha CF Japan is reporting 575.
5 tons, up 0.
39%; FOB Singapore was trading at $62.
56 a barrel, up 0.
45%.
ethylene CFR Northeast Asia 1230, flat; CFR Southeast Asia was flat at $1180/mt
.
Calcium carbide also remained stable, East China calcium carbide reported 3420 yuan, flat, Northwest calcium carbide reported 3150 yuan, flat
.
Spot market: this month, PVC China CIF price was flat at $980; North China calcium carbide law reported 6540 yuan / ton, flat; Ethylene law reported 6720 yuan / ton, unchanged; East China calcium carbide method reported 6600 yuan / ton, flat, ethylene method 7000 yuan / ton, flat; South China calcium carbide method 6720, flat, ethylene method 7000, flat
.
In terms of inventory, although the current statistical caliber of each company is different, but in general, the inventory pressure is greater, according to the data, on February 22, East China 25-280,000 tons, South China 100,000 tons
.
Inventories in East China increased by more than 30%, while inventories in South China, which performed better downstream, also increased by 20%.
On the supply side, domestic PVC companies still maintained high-load operation
after the Spring Festival holiday.
Industry starts rose slightly from the previous month
.
At present, except for the lack of a specific start-up date at the sea level in Baotou, there is no maintenance and load reduction of other devices, and the overall start of domestic PVC is still at a high level
.
Up to now, the overall operating rate of the domestic PVC industry is about
74%.
Future market forecast: This month, the overall narrow fluctuation of the domestic PVC market, PVC futures showed a wide oscillation trend at the bottom, and has not formed an effective rise
.
The technical pattern has improved slightly, and the fly in the ointment is that the position volume still shrinks significantly, indicating that the bulls have little
confidence.
Fundamentally, upstream raw materials and spot prices have remained stable, forming a certain support for futures prices, and downstream product enterprises have gradually recovered
.
It is expected that the short-term domestic PVC market will be stabilized, the upward rush of PVC prices will be blocked, and there is a technical demand
for a pullback.
