PVC futures prices fall Spot market demand is general

Last week, the PVC domestic spot market first rose and then fell, and the overall price fell mainly
.
At present, the market is relatively light, traders are not highly motivated to take goods, coupled with the decline in futures prices, market confidence is obviously insufficient, market conditions are weakening, and the sales of cargo holders are under pressure
.
The overall procurement enthusiasm of downstream enterprises is not good, and the price is reduced
.
Up to now, the domestic PVC5 calcium carbide quotation range is around
6400-6750 yuan / ton.

On August 11, international crude oil futures closed higher
.
The main contract of U.
S.
WTI crude oil futures settled at $94.
34 per barrel, up $2.
41 or 2.
6%; The main contract for Brent crude futures settled at $99.
60 a barrel, up $2.
20 or 2.
3 percent
.
Previous data showed that US gasoline inventories have fallen sharply in recent days; In addition, the International Energy Agency (IEA) raised its oil demand growth forecast this year, and the data level eased the pressure on the expected decline in demand caused by the recession; Combined with soaring natural gas prices, demand for oil as an alternative energy source has been
boosted.

In terms of calcium carbide, the average price of calcium carbide last Friday was 3933.
33 yuan / ton, and the average price last Friday was 4050 yuan / ton, and the price rose by 2.
97%
during the week.
Last week, the ex-factory prices of calcium carbide manufacturers were mostly stable, and the prices of individual enterprises increased
.
The price of upstream blue charcoal is consolidating at a low level, the market destocking is obvious, and the cost support is acceptable
.
The downstream PVC market is volatile, the enthusiasm for procurement during the week is acceptable, and the transaction of calcium carbide is more active
.

Overall, PVC spot prices rose first and then fell
last week.
At present, the demand for PVC spot market is general
.
Downstream enterprises wait and see, mainly
taking orders on demand.
Intraday futures prices fell, and traders became
less motivated to take goods.
It is expected that in the short term, the PVC market will still fluctuate in a narrow range, and pay close attention to changes in the news surface
.