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News
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Trade Service
Last week, the price of PVC domestic spot market rose first and then fell
.
At present, the spot market is weak, the market price has risen and fallen, the actual transaction is limited, the market trading atmosphere is light, and the confidence is insufficient
.
Futures prices fell for the fifth straight over the weekend, weighing on market confidence
.
Up to now, the domestic PVC5 calcium carbide quotation range is mostly around 5900-6470 yuan / ton
.
In terms of crude oil, international crude oil futures rebounded
on October 13.
The main contract of U.
S.
WTI crude oil futures settled at $89.
11 per barrel, up $1.
84 or 2.
11%; The main contract for Brent crude futures settled at $94.
57 a barrel, up $2.
12 or 2.
29 percent
.
The release of U.
S.
CPI data on Thursday was higher than expected, but stocks rebounded strongly after the fall, giving a boost
to risk assets such as crude oil.
Separately, U.
S.
Energy Information Administration (EIA) inventory data showed that diesel and heating oil inventories fell sharply, overshadowing the negative disturbance of rising crude oil and gasoline inventories
.
In terms of calcium carbide, the price of calcium carbide in the northwest region rose during
the week.
The average ex-factory price of mainstream manufacturers of calcium carbide in Northwest increased from 3700 yuan / ton to 3950 yuan / ton, a weekly increase of 6.
67%.
The price of upstream blue charcoal is consolidated, the cost support is good, the downstream PVC market is general, and the demand for calcium carbide is acceptable
.
Last week, PVC spot prices rose first and then fell, market demand was general, new orders in the market were limited over the weekend, trading atmosphere weakened, and futures fell for five consecutive years to suppress the confidence
of the spot market.
Crude oil futures rebounded, raw calcium carbide prices rose, and support was acceptable
.
It is expected that in the short term, the price of the PVC market will fluctuate and finish
.
Keep an eye on news surface changes
.