echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PVC shock closed down short-term range bargain long

    PVC shock closed down short-term range bargain long

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Domestically, the PVC (polyvinyl chloride) spot market has seen a unilateral upward trend in the past two months
    .
    Taking calcium carbide SG5 as an example, the average quotation of domestic manufacturers on June 20 was 5060 yuan / ton, and on August 8 it was 5501 yuan / ton, an increase of 8.
    72%.

    In the futures market, PVC contracts are also at the 5,000 yuan / ton mark, all the way up to around 6,000 yuan / ton since mid-June, and the PVC main contract broke through 6,000 yuan / ton
    intraday on August 9.

    PVC

    The PVC1609 contract opened at 5990, with a maximum of 6000, a low of 5895, and closed at 5940, down 65 from the previous session, or 1.
    08%
    on the day.
    The volume decreased to 26,256 lots, and the open position decreased by 6,574 lots to 115,600 lots
    .

    Some domestic PVC spot market prices rose
    .
    North China calcium carbide law reported 5570 yuan / ton, up 110; ethylene law reported 5950 yuan / ton, up 50; East China calcium carbide law reported 5850 yuan / ton, up 150, ethylene law reported 6050 yuan / ton, up 50
    .
    South China calcium carbide law reported 5820, up 150, ethylene method 6100 tons, up 70
    .
    The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
    .

    Affected by factors such as increased environmental protection, the operating rate of PVC enterprises will be greatly reduced, which will bring positive support
    to PVC prices.
    At present, it is less than a month before the delivery time of the futures market near-month contract, and the PVC price is expected to break through again in the short term, and it is expected that there is still room for price increases of about 500 yuan / ton (nearly 10%)
    .
    According to monitoring, the factory price of PVC manufacturers in Northwest China is about 5500 yuan / ton, while the cost price is about 4600 to 4700 yuan / ton, and the profit margin is about 800 to 900 yuan / ton, and the profit is greatly improved compared with the previous period
    .

    In the first five months, the area of new housing starts increased by 18.
    3% year-on-year, ending two consecutive years of negative growth
    .
    As a late-cycle industry in the real estate industry, PVC is expected to release related demand in the second half of the year
    .
    In view of the fact that the progress of PVC capacity reduction on the supply side exceeds expectations, and the low inventory of middlemen, enterprises have a strong intention to raise prices, and PVC prices are expected to rebound
    sharply in the second half of the year.

     

    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.