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Boosted by the rise in crude oil last week, the market was on the strong side, PVC and other energy sectors began to strengthen, and futures drove the spot market to break through the 9,000 mark
.
PVC enterprise quotation increased by about 250-400 yuan / ton during the week, the market bullish sentiment is strong, as the downstream product industry operating rate continues to increase, the market transaction atmosphere has improved, but mostly concentrated in low-end prices, high prices are still not smooth, the industry wait-and-see mood is growing
.
In terms of crude oil, on March 4, the price of international crude oil futures rose
sharply.
The main contract of U.
S.
WTI crude oil futures settled at $115.
68 per barrel, down $8.
01 or 7.
4%; The main contract for Brent crude futures settled at $118.
11 a barrel, down $7.
65 or 7.
9 percent
.
Western sanctions have blocked Russian oil exports, overshadowing the supply benefits
brought by the return of Iranian oil to international markets.
In terms of calcium carbide, in mid-to-early March, the calcium carbide market may rise slightly
.
The price of raw material blue charcoal was consolidated at a low level, the cost support of calcium carbide was insufficient, the downstream PVC market rose slightly, and the downstream demand increased
.
The future market predicts that calcium carbide prices in the northwest region will rise slightly in mid-to-early March
.
At present, raw material calcium carbide has upward expectations, and since February, PVC exports have improved, orders have increased, and market expectations are optimistic
.
As of the weekend, the price of raw calcium carbide remained stable at about 4050-4150 yuan / ton, the quotation range of domestic PVC5 calcium carbide enterprises is mostly around 8450-9050 yuan / ton, Tianjin PVC5 calcium carbide 8900-9000 yuan / ton is delivered, the mainstream price of PVC ordinary calcium carbide in Guangzhou is 9000-9080 yuan / ton, the mainstream price of PVC ordinary calcium carbide in Changzhou is 8900-9000 yuan / ton, and the price of domestic markets has risen recently
。
The future market predicts that the PVC market is expected to be stable and upward as the market off-season factors weaken, downstream demand continues to increase, and exports are expected to be stable and upward
.
