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The price of PVC calcium carbide SG5 fell last week, and the average domestic PVC price on Friday was 6498.
57 yuan / ton, and the average price on Friday last week was 6368.
57 yuan / ton, down 2%
during the week.
Last week, the PVC domestic spot market fluctuated and fell, and the overall price
declined.
Spot market confidence rose on Wednesday as futures improved and prices rose slightly on Wednesday
.
At present, PVC market demand remains at the previous level
.
Downstream enterprises and traders are more wait-and-see, the inquiry is acceptable, the spot transaction is general, the downstream procurement is cautious, and the order is mainly
accepted on demand.
Up to now, the domestic PVC5 calcium carbide quotation range is mostly around 6200-6650 yuan / ton
.
In terms of international crude oil, on July 21, the price of international crude oil futures fell
.
The main contract of U.
S.
WTI crude oil futures settled at $96.
35 per barrel, down $3.
53 or 3.
5%; The main contract for Lunt crude futures settled at $103.
86 a barrel, down $3.
06 or 2.
9%.
Oil prices extended their decline on Thursday as U.
S.
gasoline inventories rose and, at the macro level, concerns about lower demand amid a rate hike by the European Central Bank
.
In terms of calcium carbide, the average price of calcium carbide last week was 3833.
33 yuan / ton, and the average price of this Friday was 3816.
67 yuan / ton, down 0.
43%
during the week.
Last week, the ex-factory prices of calcium carbide manufacturers were mostly stable, and the prices of individual enterprises fell
.
The price of upstream blue charcoal fell slightly, the cost support weakened, the downstream PVC market fell slightly, and the demand for calcium carbide weakened
.
After the market forecast, PVC spot prices fell last week
.
At present, the demand for PVC spot market is general
.
Downstream adopts more wait-and-see, mainly takes orders on demand, and the transaction atmosphere is general
.
Futures prices rose and confidence in the spot market recovered
.
It is expected that the PVC market will operate
steadily and well in the short term.