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According to the monitoring data of the cable network, the spot price of the PVC market showed a slight increase
this month.
The average price of PVC spot at the beginning of the month was 6042 yuan / ton, and the price at the end of the month was 6626 yuan / ton, which was 584 yuan / ton higher than the beginning of the month, a range of 9.
67%.
This month, merchants shipped positively, the overall market atmosphere was good, and the transaction situation was better
than last month.
The reasons for the increase in prices in the PVC market this month are analyzed as follows:
In terms of crude oil, at the end of this month, European and American crude oil prices continued to rise, the growth rate of US drilling rigs and crude oil production slowed, some US shale oil plans to reduce investment, the northern hemisphere ushered in the summer demand peak, US inventories continued to decline sharply, coupled with Saudi Arabia's commitment to reduce exports in August, many positive factors helped WTI crude oil prices rise above
$49 / barrel.
Upstream market: raw materials, this month's domestic calcium carbide market is good, raw material market rise, calcium carbide market also has a promoting effect, especially the Inner Mongolia two sessions are held, the state will have policy support for the coal industry in Inner Mongolia, Inner Mongolia power coal market or will have a small climax, further promote the rise
of calcium carbide market.
With the improvement of the PVC market, the further rise in raw material prices, the comprehensive impact of the convening of the Inner Mongolia Two Sessions and the relevant policies after the meeting, calcium carbide prices in August may encounter a small peak
.
Spot market: The ex-factory price of PVC manufacturers has been significantly raised this month, shipments are acceptable, PVC production inventories are low, and most ex-factory quotations are firm
.
Type 5 PVC reference price: the current mainstream acceptance factory in Shandong is 6800-6850 yuan / ton; Inner Mongolia PVC enterprises accept the factory 6550-6650 yuan / ton to the northern mainstream; Henan enterprise mainstream acceptance factory quotation 6650-6700 yuan / ton; The mainstream acceptance factory in Shanxi is reported to be 6600-6630 yuan / ton; The mainstream factory in Hebei is 6550-6800 yuan / ton acceptance
.
Ethylene method enterprises in East China have fair shipments, no inventory, and the mainstream delivery price is 7100-7150 yuan / ton
.
Future market forecast: As of the end of this month, PVC inventory is at a low level, most manufacturers' inventories have bottomed out, the operating rate has gradually increased, production is mainly based on delivery orders, downstream manufacturers are willing to stock up, and the PVC market has a good
trading atmosphere.
At present, the downstream demand of the PVC market is relatively stable
.
As the favorable gradually digests, it is expected that the PVC market will continue to rise
.
