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According to cable network monitoring data: the PVC market rose slightly this week
.
The average price of PVC spot at the beginning of the week was 5186 yuan / ton, and the weekend price was 5296 yuan / ton, up 110 yuan / ton at the beginning of the week, or 2.
12%.
The main reasons for the analysis are:
On the macro front, crude futures were higher on Thursday this week, with crude futures for April delivery on the New York Mercantile Exchange up $1.
74, or 4.
5 percent, at $40.
20 a barrel, and Brent crude futures, the global benchmark on the European ICE futures exchange, closing up $1.
21 at $41.
54 a barrel
.
From the perspective of the domestic PVC spot market, the overall spot market is affected by international crude oil quotations, and commodity market quotations rise
.
In terms of the spot market, the domestic PVC market maintained a strong upward trend this week, the main reason, on the one hand, the inventory of upstream PVC manufacturers is low, actively pushing up the factory price of PVC, traders quotations follow the factory price is rising, the market low price source is difficult to find, while downstream demand slowly increased, actively receiving orders
.
On the other hand, the commodity market continued to move higher, driving a bullish mood
in the market.
Future market forecast: this week's domestic PVC market is running at a high level, the commodity market continues to rise, PVC transactions in various markets are acceptable, calcium carbide low-end quotations continue to decrease, ethylene quotations rise slightly, manufacturers and traders bullish atmosphere is not reduced, shipment concessions are limited
.
It is expected that the domestic PVC market will rise
slightly in the short term.