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On Tuesday, the domestic mainstream average price of PVC was 8590 yuan / ton, down 3.
16% from last Tuesday (15), up 1.
54% from 8460 yuan / ton at the beginning of the month, and up 7.
38%
compared with the same period last year.
External prices, Formosa Plastics announced PVC quotations in March, CFR India rose $70 at $1560 / ton, CFR China rose $50 at $1310 / ton
.
In terms of crude oil, on February 22, the price of international crude oil futures closed higher
.
The main contract of U.
S.
WTI crude oil futures settled at $91.
91 per barrel, up $1.
7 or 1.
9%; The main contract for Brent crude futures settled at $96.
84 a barrel, up $1.
45 or 1.
5 percent
.
Oil prices are at a high level since 2014, mainly due to the ongoing conflict in eastern Ukraine and the escalation of antagonism between the West and Russia, which supports the continuous rise in oil prices
.
In terms of calcium carbide, on February 22, the calcium carbide reference price was 4100.
00, a decrease of 3.
15%
compared to February 1 (4233.
33).
The price of raw material blue charcoal fell slightly, and Shenmulan charcoal is currently around 1500-1700 yuan / ton, and the cost support of calcium carbide is insufficient
.
The downstream PVC market has recently consolidated at a low level, and downstream customers are generally enthusiastic about calcium carbide procurement
.
Overall, the upstream support of calcium carbide is weakened, and the downstream demand is average
.
In the future, it is expected that the ex-factory price of calcium carbide in the northwest region will fluctuate slightly: the average price quoted by manufacturers is about
4,000 yuan / ton.
In terms of the market, the PVC market is mixed, low-end prices have begun to rebound and rise, and industry insiders are optimistic about the late market
.
Up to now, the price of raw calcium carbide has fallen to around 4050-4150 yuan / ton, the quotation range of domestic PVC5 calcium carbide enterprises is mostly around 8300-8800 yuan / ton, Tianjin PVC5 calcium carbide 8670-8720 yuan / ton is delivered, the mainstream price of PVC ordinary calcium carbide in Guangzhou is 8680-8730 yuan / ton, and the mainstream price of PVC ordinary calcium carbide in Changzhou is 8700-8750 yuan / ton
.
At present, the macro atmosphere has faded, PVC fundamentals have not changed greatly, with the active repair of the demand side, the industry is optimistic about the later market, the PVC market may still maintain a slight adjustment in the short term, and it is necessary to pay attention to the news guidance
.
