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PVC futures prices continued to rebound and rise this week, driving the spot market price trend
.
On July 16, the PVC V2109 contract opened at 9120, with a high price of 9335, a low of 9070, and a closing price of 9280, up 260, or 2.
88%.
In terms of external trading, Taiwanese Formosa Plastics new August shipping schedule quotation, CFR India fell 60 at 1330 US dollars / ton, CFR China fell 30 at 1200-1210 US dollars / ton, FOB Northeast Asia to Southeast Asia fell 50 at 1190-1200 US dollars / ton, FOB Northeast Asia to Vietnam fell 10 at 1200 US dollars / ton
.
This week, the PVC market first flattened and then rose, but the fluctuation was not large, and the daily adjustment range of enterprises was about 50-100 yuan / ton, continuing to run
at a high level.
At the beginning of the week, the PVC market was relatively stable, and in the middle and late part of the week, futures prices fluctuated frequently, once soaring to 9270, driving spot prices to rise
slightly.
Recently, the raw material calcium carbide is affected by the restricted electricity policy, the supply is tight, the price has risen to 5,000 yuan / ton, and there is still an expectation of rise, some PVC may be affected and the installation is running with reduced load, while some enterprises have maintenance plans, which is conducive to the upward
price of PVC.
However, the current off-season demand follow-up is general, and the high-priced PVC transaction atmosphere is general, so although it is favorable and boosted, the increase is limited
.
In terms of spot, the current mainstream quotation range of domestic PVC5 calcium carbide is around 9000-9300 yuan / ton
.
PVC5 calcium carbide range in Hangzhou 9120-9250 yuan/ton; The mainstream of PVC5 calcium carbide in Shanghai is 9150-9250 yuan / ton; The mainstream price of PVC ordinary calcium carbide in Guangzhou is 9180-9270 yuan / ton; Markets fluctuated
slightly.
At present, raw material calcium carbide is limited by electricity factors and the price of goods is rising, the cost side support is gradually strengthened, coupled with the futures rebound to rise, boosting PVC prices upward, but the off-season effect is still there, so it inhibits PVC to rise sharply, and downstream resistance psychology still exists, in the short term PVC market long and short game, price shock operation ideas remain unchanged
.
