echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PVC prices fluctuate significantly, and it is difficult for the demand side to support a sharp rise

    PVC prices fluctuate significantly, and it is difficult for the demand side to support a sharp rise

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Last week, PVC spot market prices fell mainly
    .
    Crude oil prices fell sharply, affecting the bulk mentality, and the PVC market continued its downward trend
    .
    The fundamentals remained weak, the situation of weak supply and demand did not improve significantly, the inventory of the PVC industry accumulated, and the trading volume during the week was insufficient
    .
    As of Friday, the mainstream transaction price of SG-5 in East China was around 6600, and the mainstream price of ethylene method was 6800-7000
    .

    PVC

    Futures market: as of 8.
    8 days, the main PVC closed at 6820 yuan / ton (+3.
    58%); Top 20 main long positions: 269348 (-7245), short positions: 280547 (-18966), net short positions: 11199 (-13609).

    Spot: as of 8.
    8 days East China (calcium carbide method) quotation: 6730 yuan / ton (+130); South China (calcium carbide method) quotation: 6810 yuan / ton (+130).

    Blue charcoal: as of 8.
    8 days Shaanxi 1240 yuan / ton (-6).

    calcium carbide: as of 8.
    8 days North China 4500 yuan / ton (+30).

    Crude oil: The number of new non-farm payrolls in the United States doubled in July compared with expectations, the market's concerns about the economic outlook eased slightly, and international oil prices rebounded
    slightly.
    NYMEX crude oil futures 09 contract 89.
    01 up $0.
    47 / barrel or 0.
    53%; ICE oil futures 10 contracts rose $0.
    80 a barrel or 0.
    85%
    to 94.
    92.
    The main contract of China's INE crude oil futures 2209 fell 19.
    8 to 650.
    6 yuan / barrel, and rose 8.
    0 to 658.
    6 yuan / barrel
    in overnight trading.

    calcium carbide: It is expected that next week, with the continuous growth of supply, the market will enter the replenishment stage, the downstream arrival situation will improve, and the market will remain stable and wait-and-see
    .

    Market outlook, the recent PVC market is affected by external factors and the expectation of moving positions for months, and the fluctuations are obvious
    .
    At present, the cost side has a certain support for PVC, the demand side is difficult to support the sharp rise in prices, and the short-term spot market price is weak and volatile
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.