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This week, the PVC market fluctuated slightly, and the increase in the weekly range of enterprises was mostly in the range of 50-100 yuan / ton, with less
volatility.
PVC continued to rise this week, the main reason is still high raw materials, PVC market supply is tight, especially 3/8 type, while the external price is firm, and futures rush high and other positive support, but the off-season effect is still there, dragging PVC up rapidly
.
On Monday, the PVC market was mixed, but the overall market was generally stable; On Tuesday, PVC futures prices soared, boosting the adjustment atmosphere of the spot market, and prices in various mainstream regions generally increased within 50 yuan / ton, but the market trading atmosphere did not improve at the same time, and the downstream still maintained rigid demand; Since the middle of the week, the PVC market has returned to a stable state, although the futures price has weakened, but the spot market is relatively calm
.
At present, CFR Southeast Asia fell 10 to 1290 US dollars / ton, CFR India quotations rose 90 to 1520 US dollars / ton, the external market picked up, coupled with the fundamentals have strengthened, boosting the domestic PVC market firm
.
In terms of spot, the current mainstream quotation range of PVC5 calcium carbide in China is around 9150-9500 yuan / ton
.
PVC5 calcium carbide range in Hangzhou area 9330-9430 yuan / ton; The mainstream of PVC5 calcium carbide in Changzhou area is 9300-9450 yuan / ton; The mainstream price of PVC ordinary calcium carbide in Guangzhou is 9380-9450 yuan / ton; Prices rise in
markets everywhere.
In terms of futures, PVC futures prices rose strongly this week, driving the price of the spot market up
.
August 19 V2109 contract open: 9310, high: 9420, low: 9220, position: 135832, settlement price: 9315, yesterday's settlement: 9370, down: 55
.
At present, the price of raw material calcium carbide continues to rise, the cost support is strong, coupled with the tight supply of PVC has not changed, the profit supports the high price of PVC, and it is expected that the market will continue to run at a high level in the short term, and the price will be adjusted
in a narrow range.
