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PVC prices fell slightly last week, the market was weak, futures prices fell, the spot market fell significantly, and the center of gravity shifted
downward.
The price of raw material calcium carbide is temporarily stable, and the cost support is acceptable, but the downstream demand is less than expected, the release of real estate demand is insufficient, and the public health events in various parts of the country are still severe, PVC enterprises are not shipping smoothly, inventory is increasing, and prices are lowered, but the market trading sentiment is not high
.
As of the weekend, the price of raw calcium carbide was around 4400-4500 yuan / ton, and the quotation range of domestic PVC5 calcium carbide enterprises was around
8600-8850 yuan / ton.
External prices, Formosa Plastics PVC export quotation in June, lowered by 120-150 US dollars / ton, CFR India lowered 150 US dollars to 1410 US dollars / ton, CFR China lowered 130 US dollars at 1210 US dollars / ton, FOB Taiwan 1170 US dollars / ton
.
According to the weekly rise and fall from February 28, 2022 to May 22, 2022, it can be seen that domestic PVC is mixed in the cycle, with the largest increase in the week of February 28 and the largest decline in the week of April 25, with little overall fluctuation in the near future
.
International crude oil, on May 20, international crude oil futures rose
slightly.
The main contract of U.
S.
WTI crude oil futures settled at $110.
28 per barrel, up $0.
39 or 0.
4%; The main contract for Brent crude futures settled at $113.
23 a barrel, up $1.
02 or 0.
9 percent
.
Calcium carbide, in late May, calcium carbide market or narrow range volatility decline.
The price of raw material blue charcoal rose slightly, calcium carbide cost support was strengthened, the downstream PVC market fell slightly, and downstream demand weakened
.
The future market predicts that calcium carbide prices in the northwest region will fall in a narrow range in late May
.
At present, the downstream demand is general, the export aspect has turned weak, although some enterprises plan maintenance, but the enterprise shipment is still under pressure, the market sentiment is negative, and it is expected that the PVC market will be weak in
the short term.
