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    Home > Chemicals Industry > Rubber Plastic News > Most of the PVC market is bullish ahead of the Saudi attack on National Day

    Most of the PVC market is bullish ahead of the Saudi attack on National Day

    • Last Update: 2022-08-18
    • Source: Internet
    • Author: User
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    Description of the background of the event

    Description of the background of the eventDescription of the background of the event

    According to foreign media reports, at about 8:00 am Beijing time on September 14, Saudi Aramco’s world’s largest crude oil integrated processing center in Abqaiq and Khurais, the second largest oil field in the country, was attacked by a drone consisting of 10 dron.


    For safety reasons, Saudi Arabia temporarily closed its crude oil production capacity by 5 million barrels per d.


    The impact of the event on the PVC market

    The impact of the event on the PVC marketThe impact of the event on the PVC market PVC

    Affected by this incident, the L2001 contract rose by more than 100 yuan at the opening of the Dalian Commodity Exchange on September 16, and closed up 140 yuan/ton within the d.


    For PVC with an import dependence of less than 5%, the Saudi incident has no direct impact on PVC, and Saudi Arabia is not a key PVC production area in the wor.


    According to data, from January to July 2019, domestic ethylene imports reached 62 million tons, of which Saudi Arabia imported 50,000 tons, accounting for


    Domestically imported PVC manufacturers such as Shandong Gulf Chemical and Hanwha Ningbo, which import ethylene as raw materials, mainly import from Japan and South Kor.


    However, driven by cost transmission and market futures funds, the market prices of related products in the crude oil industry chain will face a short-term small rise in the short te.


    Market sample mentality survey

    Market sample mentality surveyMarket sample mentality survey

    After the incident, the mentality of PVC industry customers on the futures market has changed a l.


    For the PVC market before the National Day, 61% of the participants are bullish, 26% of the participants believe that the market is stable and stable, and 13% of the participants believe that it will fall after a small ri.


    The Saudi Arabia incident in the Middle East detonated the world, crude oil futures rose at the opening, and various varieties of the energy industry followed up to varying degre.


            After the National Day, under the expectation of trade friction and increased domestic supply, the market is not optimist.


            Traditional real estate, infrastructure, and foreign trade export orders are the main demand for P.


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