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After returning from the May Day holiday, the decline of the domestic PVC market came to an end, and it welcomed the rally, achieving three consecutive rises in the three days after the holiday, raising more than 200 yuan, an increase of 4.
32%.
In May, the foreign economy has improved, demand has gradually recovered, while the rebound of international oil prices has driven the raw material market, and PVC futures have risen continuously
.
After the May Day holiday, the restrictions on the transportation of high-speed hazardous chemicals were lifted, short-term replenishment appeared downstream, PVC enterprises generally increased, the trading center continued to shift, the overall transaction atmosphere of the market improved, and the confidence of the industry increased
.
At present, some enterprises have entered the maintenance stage, the supply is tight, the supply side is favorable, and the downstream demand has also increased compared with before.
According to the data monitoring of business agencies, as of May 8, the mainstream quotation range of domestic PVC is around 5450-5750 yuan / ton
.
Futures: the 7-day PVCV2009 contract opened high and fluctuated, closing at 5665 yuan / ton, -15 yuan from the previous trading day; Volume 152303 lots, +396 lots; Position 190288 lots, +3803 lots, basis 35 yuan, +165 yuan; 9-1 spread 80 yuan, +35 yuan
.
Import and export: Domestic PVC imports in March were 57,800 tons, an increase of 97.
95% from February and a year-on-year decrease of 13.
69%.
Domestic PVC exports in March were 84,700 tons, a significant increase of 185.
19% from February and 21.
87%
year-on-year.
Industrial chain: On May 5, the price of U.
S.
WTI crude oil futures market rose sharply, and the settlement price of the main contract was 24.
56 yuan / barrel, an increase of $4.
17 or 20.
5%.
Brent crude futures market prices rose sharply, with the main contract settling at $30.
97 a barrel, up $3.
77 or 13.
87%.
Around the May Day holiday, the international crude oil futures market walked out of the "five consecutive yang" market
.
From April 29 to May 5, WTI rose by 60%.
The rebound in crude oil is mainly due to the market expectation of many European and American countries to restart their economies, as well as the positive production cuts brought by oil producers
.
In terms of calcium carbide, the ex-factory price of northwest calcium carbide increased
slightly on May 8.
The ex-factory price in Shaanxi is about 2200-2350 yuan / ton, and the quotation is temporarily stable; The ex-factory price in Qinghai is about 2300 yuan / ton, and the quotation is temporarily stable; The ex-factory price in Inner Mongolia is about 2300 yuan / ton, and the quotation is temporarily stable
.
At present, the supply of PVC spot market is tight, terminal demand is gradually recovering, the market transaction atmosphere is good, the trading center of gravity continues to move up, coupled with the rebound of international oil prices, PVC futures rise and other multiple profits boosted, spot prices continue to rise, it is expected that PVC trend in the short term is strong, there is an expectation
of continued rise.
