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Trade Service
According to the monitoring data of the cable network, this week, the spot price performance of the PVC market closed slightly higher
.
The average price of PVC spot at the beginning of the week was 5336 yuan / ton, and the weekend price was 5376 yuan / ton, up 40 yuan / ton, an increase of 0.
75%.
This week, merchants shipped positively, the overall market atmosphere picked up, the transaction situation was more ideal, and the trading atmosphere was upward compared with last week
.
The reasons for the increase in prices in the PVC market this week are analyzed as follows:
On the macro front, this week, the Eurozone June CPI came at a preliminary 0.
1% year-on-year reading, better than expectations
of 0.
0%.
Eurozone June core CPI came in at 0.
9% year-on-year, better than expectations
of 0.
8%.
Commodities showed upward support, and the domestic PVC market rose
slightly.
Domestically, China's services PMI was 52.
7 in June, up 1.
5 from the previous month, ending a two-month streak of declines and hitting an 11-month high
.
At present, PVC market prices are supported by rising factors, and PVC fundamentals have risen
slightly.
In the upstream market, the price of calcium carbide market fell this week, subject to the impact of the contradiction between supply and demand, individual enterprises slightly lowered the price to adjust flexibly, of which the factory price quotation of mainstream manufacturers in Shaanxi is about 2200-2250 yuan / ton, the factory price quotation in Inner Mongolia is about 2100-2150 yuan / ton, and the factory quotation in Ningxia is about 2200-2250 yuan / ton, the actual transaction price is flexible, and the arrival of calcium carbide in various places is acceptable
.
This week, the Asian ethylene market price maintained stability after a slight increase, due to cracker maintenance, Asian supply is still tight, sellers are reluctant to lower their offers
.
As of the weekend, CFR Northeast Asia closed at $1059-1061/mt, and CFR Southeast Asia closed at $1039-1041/mt
.
Spot market: This week, some domestic PVC spot market prices rose
.
calcium carbide SG-5 East China mainstream quotation of 5600-5700 yuan / ton, up 100 yuan; South China's mainstream quotation of 5600-5700 yuan / ton, up 100 yuan; North China's mainstream quotation of 5250-5350 yuan / ton, up 50 yuan; Ethylene Fahua South China Dagu 1000/800/700 reported 5700-5800 yuan / ton; Dagu 1300 model reported 5900 yuan / ton
.
East China Qilu material S1000 reported 5670 yuan / ton, S700 reported 5780 yuan / ton, Dagu 1000/800 reported 5650 yuan / ton
.
Future market forecast: This week, PVC futures rose strongly, and the trend of the PVC physical market in the later period should pay too much attention to the futures market
.
Fundamentally, in the short term, the early shipment of some areas is excessive, the inventory is slightly insufficient, and the market price quotation is raised, which boosts the futures price
.
At present, the pressure of supply and demand is still large, but the mentality of merchants is better
.
Affected by the recent PVC futures market, manufacturers have raised their quotations, traders' market confidence has increased, trading has improved, corporate inventory pressure has decreased, and the overall mentality is good
.
It is expected that the short-term PVC market still has upside
.
