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This week, affected by the downward trend of international crude oil shocks, PVC market quotations were weak and stable
.
International oil prices continue to fluctuate downward, with WTI gradually approaching the $45/barrel mark
.
After the extension of the production cut agreement, international oil prices did not rebound significantly, but were favorable to open a decline mode, fortunately, US crude oil inventories fell for several weeks, which supported oil prices to fluctuate
around $50 per barrel.
However, this week's U.
S.
crude oil inventory data fell, while Saudi Arabia and other countries have severed diplomatic relations with Qatar, and the situation in the Middle East is tense, which also makes the market worried about the production cut agreement, and international oil prices have fallen
.
The price of domestic PVC manufacturers was slightly adjusted
.
Type 5 PVC reference price: the current mainstream acceptance factory in Shandong is 5800-5900 yuan / ton; Inner Mongolia PVC enterprises accept the factory 5650-5750 yuan / ton to the mainstream of the north; Henan enterprises mainstream acceptance factory quotation 5800-5850 yuan / ton; The mainstream acceptance factory quotation in Shanxi is 5860-5910 yuan / ton; The mainstream factory in Hebei is 5800-6000 yuan / ton acceptance
.
The quotation of ethylene enterprises in East China is weak and stable, and the mainstream delivery price is 6300-6400 yuan / ton, and the transaction can be profitable
.
In terms of downstream demand, at present, the installation of domestic PVC terminal products enterprises has remained low, mainly because of the increase in environmental protection supervision, and small family-based small workshop products enterprises have been severely hit
.
Next week, the north will enter the busy agricultural stage, so it is expected that the start of terminal products enterprises next week may fall slightly
.
In terms of inventory, last week's inventory volume decreased by 13.
78% month-on-month and increased by 13.
25%
year-on-year.
Turning into this week, the PVC market wait-and-see atmosphere was strong, futures fell, and trading remained flat
.
Next week, PVC enterprises will gradually resume work, there are not many follow-up maintenance enterprises, it is expected that the domestic calcium carbide market will maintain the overall consolidation next week, and individual flexible adjustments are difficult to affect the overall situation
.
In June, the pre-maintenance enterprises have resumed driving one after another, and there are not many planned maintenance companies next week, so the supply will increase next week
.
The terminal demand is not good, the northern agricultural busy has begun one after another, and the start of some product enterprises will be affected
by it.
PVC market quotations are expected to remain weak and stable
next week.
