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The PVC market was generally weak this week, with prices falling
slightly.
Recently, the conflict between the United States and Iran has caused a narrow range of futures fluctuations, and the spot market has begun to weaken steadily, and the heat has gradually receded
.
The year is approaching, downstream factories are on holiday, stockpiling is not active years ago, basically maintaining just demand, long-term in the face of high-priced PVC, the downstream products industry has also begun to appear tired
.
At this stage, social inventory has increased, downstream demand is weak, merchants are under pressure to ship, the actual transaction is general, and the overall market is weak
.
According to the data monitoring of business agencies, as of January 10, the mainstream quotation range of domestic PVC is 6600-6950 yuan / ton
.
At present, the mainstream price of PVC5 calcium carbide in Changzhou is 6850-6950 yuan / ton, the range of PVC5 calcium carbide in Hangzhou is 6750-6950 yuan / ton, and the mainstream price of PVC ordinary calcium carbide in Guangzhou is around
6850-6920 yuan / ton.
Prices remained broadly stable and fluctuated
slightly.
Futures: The recent conflict between the United States and Iran has led to a narrow range of futures fluctuations, and the PVC main V2005 contract fluctuated higher, closing at 6620 yuan / ton, +105 yuan from the previous trading day; Volume 128599 lots, +27528 lots; Position 269917 lots, +42080 lots, basis 200 yuan, -105 yuan; 5-9 spread: 45 yuan, +10 yuan
.
Industrial chain: Disrupted by many news, although the conflict between the United States and Iran temporarily released a signal of relaxation, the contradiction still exists, there is a certain uncertainty in the direction of the situation, and crude oil will continue to fluctuate in a wide range in the short term, and the ethylene market will rise
.
In terms of calcium carbide, after the adjustment in December, the return of funds from each plant is in good condition, the equipment maintenance has been completed, and the production capacity has increased
.
This week, the ex-factory price of calcium carbide in the northwest region was temporarily stable
.
At present, PVC social inventory has increased, downstream demand is weak, merchants are under pressure to ship, the focus of individual transactions is moving down, as the year is approaching, downstream factories have been on holiday, demand side support is weak, it is expected that PVC will be under pressure in the short term
.
