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Trade Service
According to the monitoring data of the cable network, the spot price performance of the PVC market this week fluctuated upward
.
The average price of PVC spot at the beginning of the week was 5240 yuan / ton, and the weekend price was 5270 yuan / ton, up 30 yuan / ton, an increase of 0.
57%.
This week, merchants shipped positively, the overall market atmosphere was good, the transaction situation was more ideal, and the trading atmosphere was upward compared with last week
.
The reasons for the increase in PVC market prices this week are as follows:
On the macro front, this week, the continued improvement in US macroeconomic data has made the market increasingly expected the Fed to raise interest rates, and the dollar index has also been boosted to a maximum of 95.
678, and the dollar index is currently showing support
.
From January to April, the profits of China's industrial enterprises above designated size increased by 6.
5% year-on-year, down 0.
9 percentage points
from January to March.
From the perspective of the domestic PVC spot market, the overall spot market is affected by international crude oil quotations, and the commodity market quotations are falling
.
In the upstream market, the recent polyolefin market continued to be green, downstream demand was flat, and international crude oil showed a narrow range this week, and the impact on its downstream products was divergent
.
Asian ethylene prices held steady this week, the centralized maintenance of crackers continued, downstream cost pressure was still large, buyers slowed down the deadline of procurement, but suppliers had higher upfront costs and refused to give prices, and the short-term market was still slightly deadlocked
.
Spot market: PVC market fluctuates in a narrow range, and price trends vary from region to region, with mixed ups and
downs.
North China calcium carbide law reported 5870 yuan / ton, flat; ethylene law reported 6050 yuan / ton, unchanged; East China calcium carbide law reported 5810 yuan / ton, down 20, ethylene law reported 6280 yuan / ton, unchanged
.
South China calcium carbide method reported 5950, flat, ethylene method 6300 tons, flat; Huazhong calcium carbide law reported 5550 yuan / ton, flat
.
The price of raw materials was basically flat, East China reported 2980 yuan, flat, and Northwest reported 2700 yuan, flat
.
Traders have a poor mentality, strong intention to make profits and shipments, and terminals are more holding goods and waiting for them, and basically purchasing
on demand.
Future market forecast: This week, the domestic PVC market price is generally stable, individual slight adjustment, coupled with the market expectation of the Northwest Enterprise Joint Meeting favorable good news release, PVC prices remain strong volatility
.
The downstream demand for high-priced raw materials has slowed down, and the market is mainly wait-and-see, but calcium carbide prices are relatively firm in the short term, which supports PVC costs strongly, and the fundamentals are expected to maintain range-bound
volatility in the short term.
It is expected that the PVC market will not perform well in the short term, and maintain a weak pattern
for the time being.
