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After returning from the November holiday, the market price of PVC calcium carbide SG5 rose slightly, and with the end of a small replenishment after the holiday, affected by the decline in futures, the PVC spot market confidence weakened, and the market price began to gradually decline
.
This month's current price both fell, affecting market confidence
.
At present, manufacturers do not quote externally, the actual transaction is limited, and the market trading atmosphere is becoming more and more light
.
Up to now, the domestic PVC 5 calcium carbide quotation range is mostly around 5650-6200 yuan / ton
.
In terms of international crude oil, on October 27, the price of international crude oil futures continued the rally of the previous trading day
.
The main contract of U.
S.
WTI crude oil futures settled at $89.
08 per barrel, up $1.
17 or 1.
3%; Brent crude futures for December settled at $96.
96 a barrel, up $1.
27 or 1.
3 percent
.
The focus remains on tight supply, and economic data released on Thursday showed a modest 2.
6% GDP growth in the third quarter, which was also positive for oil prices at the macro level
.
In terms of calcium carbide, the mainstream ex-factory price of calcium carbide in the northwest region increased
slightly in October.
The price of calcium carbide rose from 3700.
00 yuan / ton on October 1 to 3950.
00 yuan / ton on October 28, an increase of 6.
76%.
The month-end price decreased by 50.
83%
year-on-year compared with the same period last year.
In the future market: in mid-to-early November, the calcium carbide market may fall slightly, mainly
sorted out.
The price of upstream raw material blue charcoal has risen slightly recently, and the cost of calcium carbide is well supported
.
However, the downstream 1,4 butanediol and PVC markets fell slightly, and downstream demand weakened
.
The future market predicts that the price of calcium carbide in the northwest region in mid-to-early November will fluctuate slightly and fall, mainly
consolidated.
PVC spot market prices continued to fall this month, and downstream demand was affected by the performance of the real estate data market, and market demand was still less than expected
.
Although the price of upstream crude oil futures and calcium carbide rose, the impact on PVC spot prices was limited
.
It is expected that the PVC market will be weak and stable in the short term
.
