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This issue (December 1~7),
International oil prices maintained low operation, the domestic plastic futures market first rose and then fell, the off-season continued, the plastic spot market quotations were mainly adjusted sideways, and the local performance was weak
.
Downstream enterprises just need to purchase, and the transaction is general
.
The current issue of Guangdong Plastics Exchange is stable, and the overall transaction is average
.
As of the close, the China Plastics Price Index on the Plastics Exchange was at 1062.
25 points
.
From the perspective of major varieties, the polyvinyl chloride (PVC) market first rose and then fell
.
The price of the futures market in the early stage continued to rise, coupled with the low operating rate of PVC enterprises, the dematerialization of social inventory, and the price of PVC rose for several days in a row, and the price of PVC rose rapidly
.
However, in the off-season of demand, terminal procurement briefly improved and fell into a flat market again, and PVC quotations fell lower
.
On the whole, the downstream just needs to be purchased, and the high-price procurement is insufficient
.
As of the end of the period, the mainstream self-pickup price of type 5 ordinary calcium carbide in South China and East China market was 6000~6050 yuan / ton
.
On December 7, the epidemic prevention and control policy was optimized again, and the cross-regional flow of personnel was no longer restricted, and no on-the-ground nucleic acid testing was implemented, which is expected to significantly stimulate the flow of personnel and the recovery of logistics
.
From the perspective of the PVC market, the benefits of load reduction and destocking have been gradually digested, terminal demand is flat, and news such as the release of some new production capacity has been released, and the market may turn into a bearish mentality
again.
In terms of imports and exports, the number of PVC exports this week is sporadic, and the export market continues to be sluggish
.
Overall, PVC is supported by costs, but demand restricts upside, and it is expected that the short-term market will still be sideways
.
