Futures Market Boosts PVC Spot Market Continues to rise

Upstream feedstocks: U.
S.
WTI crude for October closed up $0.
27 at $43.
30 a barrel on Monday, and Brent crude for November futures closed down $0.
18 at $45.
95 a barrel
.
Asian ethylene market prices fell by $5/ton, CFR Northeast Asia closed at $1179.
5-1181.
5/ton, CFR Southeast Asia closed at $1049.
5-1051.
5/ton
.
There are few calcium carbide long-distance transport vehicles, and the downstream arrival is not good, so it is more in the price increase to fight for vehicles and arrivals
.
The trading atmosphere in the calcium carbide market was active, and the price rose slightly
.
Factory price of calcium carbide in various places: 2400-2500 yuan / ton in Wuhai and Ordos areas of Inner Mongolia; Ningxia Shizuishan area 2400-2450 yuan/ton; Zhongwei area 2500-2550 yuan / ton; Shaanxi area 2350-2450 yuan / ton; Gansu area 2500-2550 yuan / ton
.

Company dynamics: calcium carbide PVC manufacturers raise quotations and
shipments.
Type 5 ordinary calcium carbide around the Inner Mongolia area mainstream acceptance factory 6100-6200 yuan / ton; The mainstream acceptance factory in Shandong is 6450-6500 yuan / ton; The mainstream factory in Hebei is about 6200 yuan / ton acceptance; The mainstream factory in Shanxi is 6150-6200 yuan / ton acceptance
.
Domestic ethylene PVC enterprises as a whole continue to be stable
.
At present, Qilu Petrochemical, Tianjin Dagu and LG Dagu in North China are shipped to 5900-6000 yuan / ton, the real delivery in East China is 6200-6300 yuan / ton, and Taiwan's Formosa Plastics quotation in September is 850 US dollars / ton CFR China's main port
.

Market dynamics: East China ordinary type 5 calcium carbide mainstream reported 6350-6500 yuan / ton, Yushe 6370 yuan / ton, Dongxing 5 type 6370 yuan / ton, Tianhu 6390 yuan / ton, Yili 5 type 6480 yuan / ton, Tianhu 3 type 6570 yuan / ton, Jinyuyuan 5 type 6370 yuan / ton, Tianchen Tianneng 5 type 6470 yuan / ton, Zhongtai North Yuan 6500 yuan / ton; Ethylene material 6750-6900 yuan / ton delivered, the real transaction price can be negotiated
.
North China PVC market Qilu Chemical City Qilu S700 type 6940 yuan / ton, S1000 reported 6700 yuan / ton self-pickup
.
Calcium carbide 6210-6230 yuan / ton delivered
.
Linyi area about 6380 yuan / ton to deliver.

Hebei 6300 yuan / ton self-pickup
.
Tianjin area about 6290 yuan / ton warehouse pickup
.
The mainstream quotation of type 5 calcium carbide method in South China PVC market is 6500-6600 yuan / ton; Ordos 6550 yuan/ton; Junzheng old factory, Yili 6560 yuan / ton; Junzhengxin, Zhongtai 6550 yuan / ton; Eastern Hope 6540 yuan / ton; Inner Mongolia Sanlian 6480 yuan / ton; Yili Nangang 6480 yuan/ton; Tianye Tianchen Tianneng 6650-6700 yuan / ton, Dagu 1000/800/700 reported 6780-6850 yuan / ton, Dagu 1300 type reported 7000 yuan / ton
.

Today's PVC market on the plastic exchange The trend of various varieties is differentiated, the price of 5 type material continues to rise, while the price of 3, 7 and 8 type material has fallen, but the overall fluctuation range is not large
.
The market is still in short supply, but with the price soaring repeatedly, traders' caution has increased, and the intraday volume has decreased
slightly.
As of the close, the settlement price of South China of the 5th type in September was 6450 yuan (ton price, the same below), up 48 yuan; East China settled at 6430 yuan, up 10 yuan; North China settled at 6250 yuan, down 59 yuan; The ethylene settlement price was 6,705 yuan, up 5 yuan
.
Fundamentals: The domestic PVC market continued its rally
today.
The futures market edged higher, continuing to drive enthusiasm in the spot market
.
The market supply is tight, and at the same time, the market has expectations for centralized maintenance in the future market, and most merchants are
confident that the future market will be good.
The price of upstream calcium carbide raw materials has risen, and manufacturers have subsequently raised their factory prices
.
In addition, the current inventory of manufacturers is at a low level, the market bullish sentiment is high, and it is expected that the PVC market price will continue to strengthen
tomorrow.

Recently, the PVC spot market has continued to rise, and the market price has continued to hit a new high
in the year.
On the one hand, due to the rising futures market, it has brought obvious and effective boosting effect to the spot market, on the other hand, in the "destocked" environment, the market supply continues to be tight, which also boosts the upward momentum
of the spot market.
Short-term market fundamentals have not changed much, and the rise in the PVC market is still a high probability event
.