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According to the monitoring data of the cable network, in the first half of 2016, the trend of the national PVC spot market showed a volatile upward trend
.
At the beginning of January, the spot price of PVC was 4716 yuan / ton, and the quotation rose to 5266 yuan / ton by the end of June, up 550 yuan / ton, an increase of 11.
66%.
In the first half of the year, the main PVC contract showed a volatile upward trend, mainly due to the real estate easing policy and the market supply is not much, production enterprises pre-sale orders opened to March, enterprises raised prices, futures prices followed the rise, the downstream market resumed after the Spring Festival, demand for PVC increased, the external market rose, exports were favorable, and continued to boost futures prices higher
.
From late March to early June, prices corrected
due to poor downstream demand and insufficient equipment maintenance.
In mid-to-late June, driven by the sharp rise in coal and the intervention of mainstream funds, the market inventory was not large, and other favorable factors, the price returned to the rally, and the futures price rose from a low around 4400 to around
5900.
In the second half of the year, the third quarter is the demand off-season, and the equipment maintenance is insufficient, it is difficult to support the price to continue to strengthen sharply, the fourth quarter, gold nine silver ten small peak season, driven by demand, the price is expected to strengthen
again.
At present, the inventory of PVC market in various parts of the country is not high, the price increase sentiment of merchants is high, coupled with the good performance of downstream demand, it is expected that in the second half of the year, PVC spot quotations or maintain a large fluctuation
range.