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PVC main contract 2205 closed at 805 on Wednesday, down 2.
86%, futures downward, driving the spot market to continue to decline, the average domestic spot price of PVC5 type on the 15th was 8570 yuan / ton, down 0.
58% from the previous day, the company fell more than 50-300 yuan / ton range, the current mainstream price is 8300-8800 yuan ton, enterprises continue to reduce prices for shipments, but in the off-season of demand, the market trading is relatively flat, coupled with the decline in raw materials, the market bearish factors are more concentrated
。
Taiwan's latest PVC quotation was at $1590/mtCFR India, down $120/mt from December; CFR China was at $1360/ton, down $130/ton month-on-month; CFR Southeast Asia was at $1430-1440/mt, down $100/mt month-on-month, and shipped
in January 2022.
The mainstream ex-factory price of calcium carbide in Ningxia is 4750 yuan / ton, enterprises are actively shipping, the market low-price goods continue to appear, and the industry is cautious
in purchasing.
Last week, the operating rate of PVC production enterprises reported 75.
48%, an increase of 0.
01% month-on-month and a year-on-year decrease of 4.
60%; PVC production increased by 0.
26% month-on-month and decreased by 4.
79%
year-on-year.
As calcium carbide cost prices fall, PVC companies' operating load expectations have rebounded slightly this week, and market supply is expected to increase
.
Last week, the operating part of PVC downstream products enterprises still declined, and the start of hard product enterprises was poor
.
The downstream market is optimistic about the demand a few years ago, and the demand in the north continues to decline after the weather turns cold, and some Xinjiang and northeast enterprises enter the holiday ahead of schedule, and it is expected that demand will weaken
.
As of December 6, last week's domestic PVC social inventory was 153,900 tons, a decrease of 0.
52% month-on-month and a year-on-year increase of 104.
38%, and the current inventory has been higher than the level of the same period last year, indicating that the recovery of downstream demand is insufficient
.
The V2205 contract is volatile lower, indicating that there is still some pressure
above it.
