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In this issue (November 17~23), international oil prices fell sharply, domestic futures showed a low and weak trend, the off-season continued, the plastic market was generally poor, and traders adjusted
with it.
Downstream enterprises just need to purchase, and the transaction is general
.
In this issue, the market situation of Guangdong Plastics Exchange has been adjusted, merchants have lowered their quotations, low-priced goods have lowered the market, and the overall transaction is average
.
As of the close, the China Plastics Price Index on the plastic exchange was 1007.
79 points
.
From the perspective of major varieties, polyvinyl chloride (PVC) market continuation range sorting is mainly
.
The futures market is weakly consolidated, but the range is not volatile
.
In the spot market, terminal demand continued to be weak, and the operating rate of upstream manufacturers increased, but due to the impact of the epidemic, the arrival of goods in local areas was delayed, and the market price was slightly adjusted
.
Downstream just needs to be purchased, and the transaction volume is average
.
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 5950~6080 yuan / ton
.
Coal prices have been lowered recently, and captive calcium carbide enterprises have no cost advantage
.
At present, PVC production is still in a state of substantial loss, the trend of the caustic soda market is weak, and the comprehensive breakeven or small profit of chlor-alkali enterprises leads to insufficient load reduction power of upstream PVC enterprises
.
In terms of the market, the decline in exports and the opening of import markets have increased supply pressure
.
In the downstream, November ~ December is the off-season of PVC demand, under the background of stable factory operating rate, PVC social inventory fell or was only a temporary phenomenon last week, and the probability of subsequent accumulation was greater
.
Overall, although the valuation of PVC is low, it lacks upward momentum and is expected to continue sideways in the short term
.
