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On April 19, the average domestic spot price of PVC5 type was 8980 yuan / ton, up 0.
11% from the previous trading day and 0.
76%
year-on-year.
The plate is weak, the futures price rises and falls, the PVC spot market quotation fluctuates little, the market is generally traded at a high price, and the logistics in many places are not smooth, the price of raw materials is lowered, and the industry's cautious wait-and-see attitude is not reduced
.
Up to now, the price of raw calcium carbide is about 4050-4150 yuan / ton, and the price of PVC is 8800-9250 yuan / ton
.
Since April, PVC prices have fluctuated at a high level, although the performance of futures is not good, demand is less than expected, but the sales pressure of enterprises has not increased much, the price correction is small, and the overall operation
is still at a high level.
The supply of raw calcium carbide is loose, the price of calcium carbide falls below the cost line, and the cost of PVC falls
.
Overall, the profitability of PVC companies purchased calcium carbide has further improved
.
Overseas, due to the impact of the epidemic in the mainland, Formosa Plastics postponed the announcement of its quotation in May, and the Asian market held steady last week, due to the decline in the domestic market, export profits passively expanded; Europe rose $100/ton
due to the impact of the Russian-Ukrainian conflict.
In the downstream, East China and South China continue to be affected by the epidemic, with sluggish demand, poor logistics and insufficient manpower being the main reasons
.
This week, some factories have gradually resumed work and production, the future downstream overall is potential for recovery, and the overall raw material inventory level is very low, but still do not see concentrated downstream replenishment, while spot traders near the end of the selling pressure is large, as of Tuesday East China accumulation 04,000 tons, overseas demand turned weak, Formosa Plastics India CFR price reduced by $80, domestic traders export quotations further lowered, no obvious transaction volume, exports continued to weaken
.
Regardless of the recovery of domestic and foreign demand, it seems that it will still take time, and the overall tone of PVC with the export line as the anchor to maintain the shock remains unchanged, but the overall view of short allocation is maintained
.
