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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 5670 yuan / ton, and the weekend price was 5796 yuan / ton, up 126 yuan / ton, an increase of 2.
22%.
Merchant sourcing demand increased this week, and the overall market transaction situation was better
than last week.
The reasons for the increase in prices in the PVC market this week are analyzed as follows:
On the macro side, international oil prices continued to rebound this week, and WTI gradually approached the $50 / barrel mark
.
This week, the oil market has significantly increased its favors, among which the much-watched extension of the production reduction agreement has made some progress, Saudi Arabia and Russia have initially reached an extension intention, which is now in the first quarter of 2018; U.
S.
crude inventories continued to fall this week, marking the sixth consecutive week, and the sharp decline in the U.
S.
dollar also provided strong support
to oil prices.
In the upstream market, the domestic calcium carbide market price stalemate this week, the follow-up rise is weak, as of the weekend mainstream manufacturers factory quotation of 2563 yuan / ton, this week stable, up 15.
45%
year-on-year.
The high upstream calcium carbide price has formed a strong support
for the PVC market.
Spot market: PVC producer prices rose steadily this week
.
Type 5 PVC reference price: PVC production enterprises start steadily, enterprise inventory is low, overall shipments are average, and prices are stable
.
Type 5 PVC reference price: the current mainstream acceptance factory in Shandong is 5750-5850 yuan / ton; Inner Mongolia PVC enterprises accept the factory 5500-5650 yuan / ton to the mainstream of the north; Henan enterprises' mainstream acceptance factory quotation 5700-5750 yuan / ton; The mainstream acceptance factory quotation in Shanxi is 5750-5800 yuan / ton; The mainstream factory in Hebei is 5700-5900 yuan / ton acceptance
.
The price of ethylene enterprises in East China is stable, and the mainstream delivery price is 6350-6450 yuan / ton, and the slightly higher price is also available
.
Future market forecast: the domestic PVC market price will continue to rise
.
PVC manufacturers in the main producing areas of Northwest and North China actively increased prices and shipments, with an increase of as high as 50-100 yuan / ton; At the same time, the PVC futures market continued to rebound, driving the market speculation atmosphere
.
East China and South China traders tentatively followed the rise, Junzheng and Dagu were out of stock
.
In the short term, there is still support for the maintenance of upstream manufacturers, and the speculation is still in the future, and it is expected that the PVC market quotation will continue to rise
in the short term.
