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On June 15, the mainstream domestic PVC spot price was 6,380 yuan (ton price, the same below), an increase of 330 yuan or about 5.
5% from the end of May
.
Imports expected to fall
Imports expected to fallChina is the world's largest producer and consumer of PVC
.
"The annual global PVC trade volume is more than 7 million tons
.
It is understood that Taiwan's Formosa Plastics quoted CFR China at US$690-700 for the June shipping schedule, an increase of 30-40 US dollars compared with May; the July shipping quotation was up 90-100 US dollars, of which CFR China's quotation was 780-790 US dollars, CFR India's quotation was 780-790 US dollars Quote 830 ~ 840 US dollars
.
Raw material prices rise
Raw material prices riseThe main raw materials of PVC are calcium carbide and medium blue carbon
.
Look at the calcium carbide market
.
From the perspective of ethylene, the raw material of the ethylene-based PVC process, the rise in crude oil prices in the early stage drove ethylene to rise to varying degrees
.
The rising prices of raw materials such as blue carbon, calcium carbide and ethylene have brought cost support to the strengthening of the PVC market
.
Destocking is faster
Destocking is faster"In April, the price of foreign PVC in US dollars was very low
.
From mid to late April to May, China signed a lot of import orders
.
Because of the shipping schedule, some of the imported goods arrived in May, and it is expected to be concentrated in the port in June, which is very important for the market.
It should be a bad one
.
But because these sources of goods have been sold and not put into storage
.
So this bad factor has not yet been reflected, and it has little impact on the accumulation of inventory
.
" Zhuo Chuang Information PVC analyst Yu Jiangzhong said
.
Shi Lei said that the recent recovery of domestic downstream demand is better than expected, and PVC has been destocked faster, which is reflected in the concentration of orders in early May, and companies are producing according to orders that month
.
"From the perspective of inventory depletion, on March 27, the sample inventory of the two major PVC markets in East China and South China reached an all-time high of 492,700 tons
.
As of June 12, the inventory had dropped to 292,800 tons, and the accumulated inventory destocked was 19.
99 tons.
10,000 tons, a drop of 40.
57%
.
The sharp drop in inventories has driven the price of PVC to rise
.
" Yu Jiangzhong said
.
On June 15, the main closing price of PVC futures was 6,285 yuan, an increase of 245 yuan or 4.
1% from the end of May
.
The rise in the futures market will also have a driving effect on the PVC spot, and it is expected that the market will continue to rise in shock in the later period
.
