The trend of PVC has not improved significantly, and the price volatility has narrowed

On February 5, the PVC market quotation in Hangzhou was temporarily stable
.
The mainstream reference of calcium carbide method 5 type is 6600-6700 yuan / ton self-pickup, reference quotation: salt lake 6600 yuan / ton pickup, Sanlian 6620 yuan / ton pickup, Qingyi 6650 yuan / ton pickup, Jintai 5 type 6700 yuan / ton pickup
.
Zhongtai 5 type is 6700-6750 yuan / ton lift, Beiyuan 5 type 6730 yuan / ton is lifted, Tianneng 5 type is 6730-6750 yuan / ton lift, high model Beiyuan 8 type and Tianchen 8 type are all implemented 6800 yuan / ton lift, Tianye 3 type 6820 yuan / ton lift, the whole vehicle can be slightly discounted
.

The overall performance of the domestic PVC spot market is volatile and upward, and the contradiction between spot supply and demand is not large
.
Although the production enterprises in the main producing areas in Northwest China have maintained a high level of operation, the pre-sales situation is relatively good, and there have been pre-sales, and the inventory accumulation process in East China and South China is relatively slow
.
PVC enterprises overall shipments are stable, although the northern demand has weakened, but the southern orders are stable, the demand is better, the discharge is smooth, large enterprises generally pre-sell, small and medium-sized enterprises have no inventory pressure
.

After New Year's Day, the tight state of capital in the market was eased, and under the influence of news such as the unexpected RRR cut, futures rose sharply, providing some support to the spot market and promoting a slight increase in spot prices
.
A wave of stockpiling by downstream enterprises has accelerated the speed of
enterprise shipments.
However, the operating rate of the PVC industry has reached a high level, the output remains high, and the supply of goods is sufficient
.
At the same time, the demand for downstream products enterprises in the north is in the off-season, and there is not much
room for PVC price increases.

With the end of downstream enterprise stocking, the industry's resistance to high-priced sources is more obvious
.
Towards the end of the month, the enthusiasm of spot market participants faded and market trading returned to calm
.
Some downstream enterprises have successively stopped work and holidayed, PVC demand has weakened, and the transaction volume is insufficient
.

In the United States, "small non-farm" ADP employment increased by 234,000 in January, far exceeding expectations, and the job market continued to move
forward.
Given January's strong employment situation, 2018 is poised to be the eighth consecutive year
to create more than 2 million jobs if the supply of skilled labor continues to meet the business gap.
The Fed opened the year by saying goodbye to Yellen and signaling a rate hike in March
.
While the Fed meeting left interest rates unchanged, inflation is expected to rise this year, with the market's expected odds of a March rate hike rising above 83% from less than 75% a day earlier
.
This was the last meeting of Fed President Janet Yellen before leaving office, and hawkish signals
were revealed in forecasting the inflation outlook at the "farewell" meeting of the dovish Fed President Yellen.
The statement reiterated that the labor market continued to be strong, economic activity grew steadily, and "further gradual" interest rate hikes were expected
.
The Fed believes that the actual path of interest rate hikes will depend on the economic outlook
indicated by future data.