Cable Raw Materials (PVC) Weekly Report (3.5-3.9)

(1) Calcium carbide market dynamics

This week, calcium carbide market prices continue to stalemate, the game between supply and demand continues, and the wait-and-see atmosphere is strong
.
At present, calcium carbide production is abnormal, downstream sources are still digesting, and it is expected that the temporary market price center of gravity will continue to stalemate
.
The home price of calcium carbide in various places is: the mainstream receiving price of Shandong excellent grade products is 3110-3210 yuan / ton; Daguhua in Tianjin area 3050 yuan / ton; Hebei Tangshan Sanyou 300L/KG receiving price of 3050 yuan / ton, Hebei Shenghua 290L/KG 2910 yuan / ton; Jinhua 295L/KG 3130 yuan/ton; Shenhua 3175 yuan/ton; Heilongjiang Qihua 290L/KG home 3200 yuan/ton; Henan Aerospace 290L/KG delivered 3150 yuan/ton; Lianchuang delivered 3140 yuan/ton; Shanxi Yushe 290L/KG self-pickup 2760 yuan/ton; Huojiagou self-pickup price 2760 yuan / ton; The source of goods in Inner Mongolia and Ningxia in northwest Shaanxi is 2820 yuan / ton, the source of Fugu goods is 2790 yuan / ton, and the price of store tower goods is 2740 yuan / ton
.

(2) Crude oil market dynamics

U.
S.
refined oil inventories fell by 4.
36 million barrels in the week ended March 9, marking the fifth consecutive week of decline, and the biggest weekly decline since the week of October 27, 2017 (20 weeks), compared with market expectations of a decline of 1.
519 million barrels
.
U.
S.
gasoline inventories fell by 6.
271 million barrels, the biggest weekly decline since the week of September 15, 2017 (26 weeks), compared with market expectations of a decrease of 1.
176 million barrels
.
Oil prices fell slightly after the news was announced, and the main contract for U.
S.
crude oil was last quoted at $60 per barrel
.
In January, oil prices briefly hit $65 a barrel, approaching 2015
highs.
After a sharp decline recently, oil prices tried again to break through the previous high, but retreated at the $62 line, showing strong pressure
above $60.