The PVC market is trending well

In this issue (January 5~11), European and American crude oil futures continued to rise, the domestic plastic futures market was sideways, and the major plastic spot prices showed different trends
.
The Spring Festival is approaching, downstream enterprises have significantly increased their holidays, pre-holiday purchases have decreased significantly, and some traders pre-sell post-holiday supplies
.
The Guangdong Plastics Exchange has a stable market and the overall transaction is average
.
As of the close, the China Plastics Price Index on the plastic exchange was at 1004.
37 points
.

From the perspective of major varieties, the market trend of polyvinyl chloride (PVC) is good
.
Boosted by the confidence of macro viewing, the trend of the PVC futures market rose as a whole, and drove traders to pull up the post-holiday source quotations
.
In the spot market, logistics has gradually stopped, and enterprises have not actually purchased much
.
As of the end of the period, the mainstream self-pickup price of type 5 ordinary calcium carbide in South China and East China market was 6250~6300 yuan / ton
.

At present, the price of upstream calcium carbide has increased, and the cost support has been strengthened
.
The seasonal demand of downstream enterprises weakened, PVC manufacturers started normally, and enterprise inventory gradually increased
.
Although the market lacks demand support, the impact of the epidemic gradually fades, the real estate industry has relaxed the policy of restricted purchase and loan restrictions, and other favorable stimuli, market confidence has gradually recovered, and real estate sales are expected to rebound before and after the holiday, thereby driving the industry's demand
for PVC for a long time.
Therefore, the medium and long-term PVC market trend is bullish and expected to increase
.