PVC is still volatile in the short term, pay attention to the change in the news surface

Last week
, the price of PVC domestic spot market was lowered.
At present, the spot market is relatively light, and downstream and traders are not highly motivated to take goods
.
Last week, futures prices showed an overall downward trend of increasing positions, coupled with the continued poor performance of real estate data, market confidence was obviously insufficient, market conditions weakened, and sales of holders were under pressure
.
Up to now, the domestic PVC5 calcium carbide quotation range is mostly
around 5950-6580 yuan / ton.

In terms of crude oil, domestic SC crude oil futures rose on August 19, and international oil prices rebounded for two consecutive trading days overnight, Brent crude oil rose more than 3% on Thursday, and SC crude oil rose in the internal market, and the main contract of SC crude oil rose 3.
40% to close at 692.
7 yuan
.

In terms of calcium carbide, the average price of calcium carbide on Friday was 3766.
67 yuan / ton, and the average price on Friday last week was 4050 yuan / ton, down 7%
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 consolidated at a low level, the cost support was general, the downstream PVC market fell slightly, and the demand for calcium carbide weakened
.

On the macro front, U.
S.
economic data was strong, with U.
S.
jobless claims falling to 250,000 last week, the first decline in three weeks, indicating that labor demand remains healthy, and positive commercial crude oil inventories data from the U.
S.
Energy Information Administration (EIA) on Wednesday, crude oil and gasoline inventories fell sharply more than expected, and fuel demand remained strong, diluting concerns about slowing fuel demand caused by recession risks
.

In the short term, oil prices may be affected by unexpected factors in addition to fundamentals, and the approaching hurricane weather in North America, according to the judgment of previous years, may cause damage to Gulf Coast refinery facilities, which may help oil prices rebound
.
In addition, oil prices may rise
in the medium term due to the surge in natural gas prices in Europe.
In the long run, the risk of recession and epidemic factors are still the biggest constraints on oil prices, and the risk of oil prices at the far end is higher
.

At present, the demand for PVC spot market is general
.
Real estate data performed poorly, downstream enterprises waited and watched, trading was tepid, and the market trading atmosphere was average
.
It is expected that in the short term, the PVC market will still be volatile and tidy, paying close attention to changes
in the news.