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Last week, the PVC market was volatile, rising at the beginning of the week, and then volatile lower, and the price trend during the week was downward, down 0.
22%.
According to the weekly rise and fall from January 31, 2022 to April 21, 2022, it can be seen that domestic PVC is mixed in the cycle, with the largest increase in the week of February 7 and the largest decline in the week of February 21, and then in a narrow range
.
Intraweek disk fluctuations, futures prices down, driving spot price trends, and raw material calcium carbide prices fell 1.
22%, cost support declined, moreover, the impact of public health events around the country continued, logistics was still restricted, downstream enterprises started to decline, procurement enthusiasm weakened, only to maintain just need to replenish demand, PVC enterprises offer with the market, narrow adjustment, the actual transaction is mainly negotiation
.
At present, the price of raw calcium carbide remains stable at about 4000-4100 yuan / ton, and the quotation range of domestic PVC5 calcium carbide enterprises is around 8700-9250 yuan / ton
.
External prices, CFR China fell 50 at $1340 / ton, Southeast Asia fell 50 at $1420 / ton, CFR India fell 70 at $1560 / ton
.
International crude oil, on April 22, the price of international crude oil futures closed lower, and the main contract of U.
S.
WTI crude oil futures settled at $102.
07 / barrel, down $1.
72 or 1.
7%; The main contract for Brent crude futures settled at $106.
15 a barrel, down $1.
10 or 1.
0 percent
.
Oil prices are under pressure due to the intertwined market, the slowdown in the global economic recovery, the rising expectations of interest rate hikes by the Federal Reserve, and the domestic epidemic weighing on demand
.
On the other hand, the EU is considering an oil ban on Russia, and tightening supply expectations limit the decline in oil prices
.
The future market predicts that the current raw material prices are lowered, the cost support is weakened, coupled with the limitation of downstream demand, the overall trading of the market is tepid, and it is expected that the PVC market will be weak in the short term
.
