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On May 19, the average domestic spot price of PVC5 type was 8637.
5 yuan / ton, down 0.
99% from the previous trading day and down 6.
62%
year-on-year.
At present, futures prices are falling, the spot market is down, market trading is relatively flat, downstream demand continues to maintain rigid demand, the wait-and-see attitude is obvious, coupled with the weakening of exports, suppressing the domestic atmosphere, the focus of the PVC market has shifted
downward.
Up to now, the price of raw calcium carbide is about 4400-4500 yuan / ton, and the price of PVC is 8300-8950 yuan / ton
.
Yesterday, East China arrived at Hong Kong concentrated about 8,000 tons, upstream data is also relatively general, pre-sales decreased by 1.
62% month-on-month and 4.
19% year-on-year, enterprise inventory decreased by 2.
01% month-on-month, and the destocking range was less than expected
.
The weekly PVC production enterprise operating load was 81.
29%, down 1.
14% month-on-month, of which the calcium carbide PVC operating load was 82.
05%, down 1.
78% month-on-month, and the ethylene PVC operating load was 78.
49%, up 1.
23%
month-on-month.
Maintenance losses were 44,580 tons, an increase of 10,350 tons
month-on-month.
This week, Taiwanese Formosa Plastics announced its PVC quotations for June, down by $120-150 / ton month-on-month, and the market was expected to fall between $50-100 / ton in the early stage, far exceeding expectations
.
Indian sea freight raised to $175, PVC Tianjin Port OB fell to around 1130, the overall export profit has been very low, PVC overall by the macro weak and weakening of the external market The center of gravity fell again, although the spot volume was released, but completely with the fall, the basis did not strengthen
.
At present, the overall medium-term pattern of PVC is neutral on the supply side, weak on the demand side, and there is still no increase
in volume in this week's transactions.
Overall relying on a large number of exports to maintain the balance of domestic supply and demand, Shanghai began to resume production on the 16th, the overall demand is still expected to improve, and last week has seen a slight strengthening
of table demand.
In terms of valuation, the export line has moved downward, but PVC is in a dilemma
at the valuation level due to the recent stabilizing rebound at the coal end and the strengthening of prices caused by the load reduction at the calcium carbide end.
In recent years, the overall commodity is more affected by macro pessimism, and the attribute of rising and falling is relatively strong, and the current v has fallen to the cost, but there is no driving on it, it is recommended to wait and see
for the time being.
