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Last week, PVC futures prices fluctuated higher, the 5-day PVC futures main contract V 2105 contract opened at 7455, the highest price was 7660, the lowest price was 7370, and the closing price was 7645, up 305, or 4.
16%.
The rise in PVC prices was mainly due to the strong volatility of futures prices, which drove the spot trend, coupled with the hearing of the increase in electricity prices in Inner Mongolia, the cost support gradually strengthened, which boosted market sentiment
.
In terms of spot, the mainstream quotation range of domestic PVC5 calcium carbide is around 7000-7500 yuan / ton
.
The mainstream of PVC5 calcium carbide in East China is around 7500-7600 yuan / ton, the mainstream of PVC5 calcium carbide in Shanghai is 7550-7650 yuan / ton, the PVC5 calcium carbide range in Hangzhou is 7450-7600 yuan / ton, the mainstream of PVC5 calcium carbide in Changzhou is 7500-7650 yuan / ton, the mainstream price of PVC ordinary calcium carbide in Guangzhou is 7400-7700 yuan / ton, and the market quotations in various places have risen
slightly.
The operating rate increased to 86.
8% for the fifth consecutive week, the output in January was 2 million tons, an increase of 3.
3% month-on-month, and there was less maintenance in February, and the inventory pressure after the holiday was expected, and the bearish has not yet been fully released
.
With the recovery of logistics in North China and the normalization of market arrivals, the accumulation of stocks in the past three weeks has accelerated, but it is still less than expected
.
The Asian dollar market rose $50 last week, Formosa Plastics raised its cargo quotation by $20 in March, and global plant overhaul concentration in March and supply remained tight
.
On the cost side, the adjustment of electricity prices in Inner Mongolia will increase the cost of PVC tons by 74 yuan
.
On the whole, the spot transaction near the holiday is light, and the inventory expectation after the main trading holiday and the demand in the first half of the year should not be chased in
the short term.
