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    Home > Chemicals Industry > New Chemical Materials > The fundamentals are gradually weakening PVC continues to have insufficient upward momentum

    The fundamentals are gradually weakening PVC continues to have insufficient upward momentum

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    On Tuesday, the domestic mainstream average price of PVC was 8360 yuan / ton, up 1.
    09% from last Tuesday (No.
    11), up 0.
    48% from the beginning of the month, and 20.
    07%
    higher than the same period last year.

    PVC

    External prices, Taiwan Formosa Plastics PVC quotation in February 2022 was lowered, FOB Taiwan fell 70 to quote 1200 US dollars / ton, CIF China fell 100 to 1260 US dollars / ton, CIF India fell 100 to 1490 US dollars / ton, CIF Southeast Asia fell 100 to 1260 US dollars / ton
    .

    International crude oil, on January 17, the price of international crude oil rose
    .
    Coinciding with Martin Luther King Jr.
    's anniversary, the U.
    S.
    futures market was closed, and the main contract of Brent crude oil futures settled at $86.
    48 per barrel, up $0.
    42 or 0.
    5%.

    Recently, the rise in PVC market is mainly driven by the plate, futures prices rebounded, driving the spot market price up, and some areas have unexpected parking phenomenon, the supply side has a certain support, at the same time, before the Spring Festival downstream still just need to purchase, the market transaction atmosphere is slightly better, some PVC companies said that the Spring Festival orders are basically saturated, multiple favorable support, PVC prices stop falling and rising
    .

    At present, the overall supply side of the market is affected by limited, and the Spring Festival is approaching, downstream enterprises have entered the holiday mode, the purchase volume has decreased, PVC has entered the regular accumulation stage, the supply and demand side has gradually weakened, and PVC continues to have insufficient upward momentum
    .

    As of the 18th, the quotation range of domestic PVC5 calcium carbide enterprises is mostly around 8000-8700 yuan / ton, Tianjin PVC5 calcium carbide 8350-8450 yuan / ton is delivered, the mainstream price of PVC ordinary calcium carbide in Guangzhou is 8650-8750 yuan / ton, and the price fluctuation in the domestic market is not large
    .

    At present, the price of raw materials is expected to fall, and the market supply is relatively abundant, with the Spring Festival approaching, downstream enterprises have entered the holiday mode, demand has decreased, PVC fundamentals are gradually weak, continuous upward momentum is insufficient, and it is expected to be slightly adjusted in the short term
    .

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