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Weekly Price
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News
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Trade Service
According to the monitoring data of the cable network, the spot price of the PVC market this week showed a slight increase
.
The average price of PVC spot at the beginning of the week was 6042 yuan / ton, and the weekend price was 6290 yuan / ton, up 248 yuan / ton, or 4.
1%.
Merchant procurement demand this week is better than last week, and the overall market transaction situation is better
.
The reasons for the increase in prices in the PVC market this week are analyzed as follows:
On the macro side, the operating profit of retail enterprises in the first half of this year increased by 7.
6% year-on-year, and the recovery trend was prominent
.
On the whole, China's economy is stable and improving, and residents' income has grown
steadily.
In the upstream market, Asian ethylene prices rose by $10/mt this week, closing at $939.
5-941.
5/mt in CFR Northeast Asia and $859.
5-$861.
5/mt
in CFR Southeast Asia.
Downstream styrene profits are better, supporting ethylene prices
.
Spot market: PVC producer prices rose
slightly this week.
Traders actively support the price of shipments, and the enthusiasm of end customers to take goods has increased
.
SG-5 pre-tax mainstream transaction in North China was 5900-6000 yuan / ton; The mainstream transaction price of calcium carbide SG-5 in the East China market is 6480-6550 yuan / ton; The mainstream transaction price of calcium carbide SG-5 in the South China market is 6500-6550 yuan / ton
.
Future market forecast: this week's domestic PVC market quotations are higher, downstream demand is better than last week, and merchants are more motivated to purchase
.
It is expected that the PVC market will continue to rise
next week.
