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Last week, the PVC domestic spot market continued to decline
.
Intraday futures prices fell, weighing on spot market sentiment
.
Manufacturers do not quote externally, and a single discussion is the mainstay
.
Downstream enterprises and traders are more wait-and-see, the inquiry is acceptable, the spot transaction is general, the downstream procurement is cautious, and the order is mainly
accepted on demand.
Up to now, the domestic PVC5 calcium carbide quotation range is mostly around 6100-6500 yuan / ton
.
In terms of crude oil, on July 14, the price of international crude oil futures rebounded after bottoming out and closed slightly lower
.
The main contract of U.
S.
WTI crude oil futures settled at $95.
78 per barrel, down $0.
52 or 0.
5%; The main contract for Brent crude futures settled at $99.
10 a barrel, down $0.
47 or 0.
5 percent
.
WTI fell as low as $90 intraday before recovering almost all of its
losses.
The market is concerned about the Fed's interest rate hike, which has led to concerns
that it will weigh on oil demand.
In terms of calcium carbide, the average price of calcium carbide on Friday was 3850 yuan / ton, and the average price during the week was 3833.
33 yuan / ton, and the price fell by 0.
43%
during the week.
Last week, the ex-factory prices of calcium carbide manufacturers were mostly stable, and the prices of individual enterprises fell
.
The price of upstream blue charcoal fell slightly, the cost support weakened, the downstream PVC market fell slightly, and the demand for calcium carbide weakened
.
It is expected that in the short term, calcium carbide prices in Northwest China will temporarily stabilize and consolidate
.
In the market, the average price of spot 1# copper in the Yangtze River was 57124 yuan / ton, down 914 yuan / ton per day; The average price of the previous week was 59958 yuan / ton, down 2834 yuan / ton from last week, a cumulative decline of 4.
73%.
The average price of Guangdong spot 1# copper was 56890 yuan / ton, down 924 yuan / ton per day, compared with 59764 yuan / ton in the previous week, down 2874 yuan / ton from last week, a cumulative decline of 4.
81%.
PVC spot prices continued to fall
last week.
At present, the demand for PVC spot market is light
.
Downstream wait-and-see, cautious in receiving orders, and the transaction atmosphere is average
.
Intraday futures prices fell, weighing on spot market sentiment
.
It is expected that the PVC market will operate
weakly in the short term.
