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The PVC market was weak, and some quotations were lowered
.
The ex-factory price of some petrochemicals was reduced, and the supporting role of supply costs was weakened
.
Traders mainly negotiate shipments, and most of them take a cautious wait-and-see attitude
.
Downstream end-users purchase on demand, the transaction atmosphere is slightly flat, and the actual transaction follow-up is slow
.
March 16 domestic PVC petrochemical factory price
| trademark | factory | Quote today | Yesterday's quote | Change |
| SG5 | Jinan Jinwei | 6550 | 6550 | 0 |
| SG3-5 | Shanxi Yushe | 6400 | 6300 | +100 |
| S-60 | Formosa Plastics Ningbo | 7100 | 7200 | -100 |
| S-65 | Formosa Plastics Ningbo | 7050 | 7150 | -100 |
| S-70 | Formosa Plastics Ningbo | 7150 | 7250 | -100 |
Device dynamics
| factory | PVC installation dynamics on the 16th | ||
| Inner Mongolia Gilantai | Start 80%, stable price shipment | ||
| Sichuan Golden Road | Half of the work started, the output is not high | ||
| Yibin Tianyuan | About 70% of the operation was started, and the daily output was 700 tons | ||
| Tarzan salinization | Start 7-8%, shipment is normal | ||
| Henan Lianchuang | The operation is full capacity, and the daily output is about 800 tons | ||
| Henan Haohua Aerospace | The operation is full load, and the daily output is about 1200 tons | ||
| Inner Mongolia Yihua | The start of work is normal, and there is a maintenance plan in March | ||
| Fang Dajinhua | The plant operates at full capacity with a daily output of 160-180 tons | ||
Upstream impact: The Fed raised interest rates, the dollar retreated, and oil prices rebounded
overnight.
U.
S.
crude futures rose $1.
14, or 2.
39 percent, to $48.
86 a barrel; Brent crude futures rose $0.
89, or 1.
75 percent, to $51.
81 a barrel
.
On the 3rd and 15th, the Asian ethylene market quotation was stable, and CFR Northeast Asia reported 1209.
5-1211.
5 US dollars / ton; CFR Southeast Asia is trading at $1099.
5-1101.
5/mt
.
Ethylene demand continued to be flat
.
Market analysis in various places: PVC market shipments in Guangzhou are acceptable, low-end quotations are still decreasing, and more active stable price shipments are mainly
.
The mainstream of ordinary type 5 calcium carbide is 6400-6450 yuan / ton self-pickup
.
Salt Lake / Sanlian 5 type reported 6390-6400 yuan / ton self-pickup, Dongxing 5 type reported 6420 yuan / ton self-pickup, Oriental Hope/Tianhu self-pickup 6430 yuan / ton, Zhongtai / Yili 5 type reported 6460 yuan / ton self-pickup
.
The price of ethylene is temporarily stable, the mainstream price is 6950-7000 yuan / ton self-pickup, and Dagu 1000 type is reported at 6950 yuan / ton self-pickup
.
The PVC market in Shanghai is trading fairly, traders are shipping at a high price, low-end quotations have decreased, and high-price shipments are general
.
Type 5 mainstream self-pickup quotation is 6400-6500 yuan / ton, the transaction can be negotiated
.
Tianchen 5 type self-pickup 6550 yuan / ton, Tianye 3 type self-pickup 6700 yuan / ton, Tianchen 8 type self-pickup 6750 yuan / ton, high price is difficult to trade
.
The fundamentals of spot PVC have not changed much, and the destocking is slower, mainly to stabilize
shipments.
Downstream procurement enthusiasm has not improved, demand is flat, and wait-and-see sentiment remains
.
In the short term
, it is expected that the PVC market will move steadily.
