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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 closed slightly higher
.
The average price of PVC spot at the beginning of the week was 5154 yuan / ton, and the weekend price was 5190 yuan / ton, up 36 yuan / ton, an increase of 0.
70%.
This week, merchants shipped positively, the overall market atmosphere picked up, the transaction situation was more ideal, and the trading atmosphere was upward compared with last week
.
The reasons for the increase in prices in the PVC market this week are analyzed as follows:
Macro, this week, the market is generally concerned about the referendum to leave the European Union, after poll data mostly showed that the Remain camp prevailed, the market also expected the UK to remain in the EU, optimism boosted the market, commodities strong upward support, domestic PVC market rose
sharply.
Domestically, the profits of China's industrial enterprises in May increased by 3.
7% year-on-year, although the growth rate fell slightly, but the efficiency of industrial enterprises continued to show positive changes
.
At present, PVC market prices are supported by rising factors, and PVC fundamentals have risen
slightly.
In the upstream market, calcium carbide market prices fell this week, subject to the impact of supply and demand contradictions, individual enterprises slightly lowered prices to adjust flexibly, the actual transaction price was flexible, and calcium carbide arrivals in various places were
acceptable.
Ethylene as a whole has been volatile this week
.
The Asian ethylene market price remained stable after a slight increase, and due to the maintenance of the cracker overhaul, the supply of Asian goods remained tight, and sellers were reluctant to lower the offer
.
As of the weekend, CFR Northeast Asia closed at $1059-1061/mt, and CFR Southeast Asia closed at $1039-1041/mt
.
Spot market: This week, some domestic PVC spot market prices rose
.
North China calcium carbide law reported 5160 yuan / ton, flat; ethylene law reported 5400 yuan / ton, flat; East China calcium carbide law reported 5420 yuan / ton, up 100, ethylene law reported 5570 yuan / ton, unchanged
.
South China calcium carbide method reported 5460, up 140, ethylene method 5550 tons, flat
.
The price of raw materials was basically flat, East China reported 2700 yuan, flat, and Northwest reported 2240 yuan, flat
.
Future market forecast: This week, PVC futures rose strongly, and the trend of the PVC physical market in the later period should pay too much attention to the futures market
.
Fundamentally, in the short term, the early shipment of some areas is excessive, the inventory is slightly insufficient, and the market price quotation is raised, which boosts the futures price
.
At present, the pressure of supply and demand is still large, but the mentality of merchants is better
.
Affected by the recent PVC futures market, manufacturers have raised their quotations, traders' market confidence has increased, trading has improved, corporate inventory pressure has decreased, and the overall mentality is good
.
It is expected that the short-term PVC market still has upside
.
