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Before the National Day holiday, the PVC market did not improve significantly under the impact of poor economic recovery, light market transaction atmosphere and unstable demand, and although the price rebounded, it remained at a low level and fluctuated
.
After returning from the holiday, the PVC futures market is temporarily closed, and the PVC spot market is temporarily based on referring to its own factors, so supported by factors such as the rise in the price of raw materials calcium carbide and the uneven arrival of regional goods under logistics and transportation restrictions, the price of the PVC market has risen continuously, with a daily increase of about
50-100 yuan / ton.
Traders' shipment prices have been raised, and the actual transaction can be negotiated, while the downstream start is still different, just need to purchase, the demand side has not improved significantly, and the overall transaction is still general
.
On the cost side, coal prices fell in the middle of the month, but the external crude oil was significantly reduced by OPEC, the calcium carbide market supply was tight, and the mainstream factory price in Wuhai rose to 3700 yuan / ton, and the overall cost side strengthened
.
On the supply side, PVC production company starts in the week ended October 8 were more than 3% higher than last year, at a high level
last year.
On the demand side, some areas were slightly improved before the National Day due to the impact of pre-holiday stocking, and the overall change in downstream construction was not high and was at a low level.
In terms of social inventory, the mid-holiday week increased by 4.
13%
month-on-month.
Affected by the rise in calcium carbide costs during the long holiday and the real estate policy before the holiday, PVC prices in the spot market rose on October 9 after the holiday, and the mainstream quotations in Guangzhou were in the range of 6500-6650, and the overall transaction was average
.
The overall demand in September is less than expected, and it is expected that with the recovery of upstream construction in October, superimposed domestic sales are still challenged by the downward trend of the real estate cycle, export sales are affected by the downward trend of overseas economy or continue to show a weakening trend, the overall supply and demand pattern may still be weak, and the promotion of the cost side is expected to be limited, so it is recommended to return cautiously after the holiday to chase the rise, and wait for the entry opportunity
with short orders.
