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PVC bearish strength, the 1705 contract closed down for five consecutive days, broke below the 6300 integer mark support, and fell back below the five-day moving average
.
The main contract is in the monthly settlement of the position, and the trading volume and position volume both declined
.
The domestic PVC market atmosphere is flat, the sharp decline in futures has frustrated the confidence of spot merchants, the trading volume of various markets is low, the pressure of enterprise inventory has increased, the transaction price has continued to fall, and the price has fallen back to the low level of the shock range
.
The purchase price of upstream calcium carbide remained stable, and the purchase price in some regions was reduced
.
On March 28, the 1.
1 million tons/year PVC unit of Shaanxi Beiyuan Chemical started normally, and the factory of 5 type materials reported 6250 yuan/ton in cash; Shanxi Yushe's 300,000 tons of PVC is basically at full load, and the ex-factory price of Type 5 to the surrounding area is stable at 6200 yuan / ton; Hebei Shenghua PVC plant started at full load, and the factory acceptance of type 5 calcium carbide was 6150 yuan / ton
.
PVC installations are running smoothly, the supply is sufficient, and the social inventory is higher than the same period of previous years
.
In May, PVC enterprises ushered in spring maintenance, according to the maintenance plan announced by the company, involving a production capacity of more than 5 million tons
.
If the maintenance time is more concentrated, it will be a big plus
.
The domestic PVC market weakened slightly, and the real trading was not good
.
The PVC market in the futures market fluctuated and fell
.
Traders stabilize price shipments, narrow concessions promote transactions, downstream wait-and-see is heavier, and transactions are limited
.
PVC companies are not receiving orders smoothly, and the actual price has also been reduced
.
Prices in East China and North China are basically stable, and slightly higher
in South China.
The fundamentals of supply and demand have not changed much, the supply is relatively sufficient, more stable shipments, price pressure operation, it is expected that the PVC market will be narrowly sorted out in
the short term.