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Since April, the PVC market has first fallen and then risen, with a volatile trend, with a decline of less than 1%
in the cycle.
On April 14, the domestic mainstream average price of PVC was 8970 yuan / ton, down 70 yuan / ton from 9040 yuan / ton at the beginning of the month, down 0.
77% during the cycle, up 2.
22%
compared with the same period last year.
External prices, CFR China rose 10 to 1310 US dollars / ton, CFR Southeast Asia rose 20 to 1340 US dollars / ton, CFR India held steady at 1560 US dollars / ton
.
After the end of the Qingming Festival holiday, the market fluctuated significantly, futures rushed back down, prices fell, suppressed market sentiment, spot prices fell accordingly, and the recent raw material calcium carbide fell by more than 5%, cost support declined, PVC prices fell
.
Entering this week, the weak market continued, in the middle and late of the week, PVC prices stopped falling and turned up, but the high price transaction was not smooth, downstream enterprises are still cautious in purchasing, continue to maintain rigid demand-based, and the recent domestic public health events affect transportation, the market transaction is tepid
.
International crude oil, on April 13, the price of international crude oil futures closed sharply higher
.
The main contract of U.
S.
WTI crude oil futures settled at $104.
25 per barrel, up $3.
65 or 3.
7%; The main contract for Brent crude futures settled at $108.
78 a barrel, up $4.
14 or 4.
0 percent
.
Crude oil extended Tuesday's rally and continued to rise
on Wednesday.
Although inventory data released by the U.
S.
Energy Information Administration (EIA) on Wednesday was bearish for oil prices, showing a sharp increase in crude oil inventories, it still did not ease the risk expectations
caused by the decline in Russian oil supplies.
In terms of calcium carbide, the price of raw material blue charcoal has recently consolidated at a low level, and Shenmulan charcoal is currently around 1700-1800 yuan / ton, and the cost of calcium carbide is generally supported
.
The downstream PVC market has recently fallen slightly, and downstream customers' enthusiasm for calcium carbide procurement has weakened
.
On the whole, the upstream support of calcium carbide is general, and the downstream demand is insufficient
.
The future market expects that the ex-factory price of calcium carbide in the northwest region will fluctuate slightly and fall, mainly
sorted out.
As the market turns from light to prosperous, downstream demand has improved to a certain extent, supporting the rise in PVC prices, but domestic logistics is not smooth, trading is restricted, or some of the gains are suppressed, and the PVC market is expected to fluctuate
strongly in the short term.