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According to the monitoring data of the cable network, this week, the spot price performance of the PVC market fluctuated upward
.
The average price of PVC spot at the beginning of the week was 5934 yuan / ton, and the weekend price was 5970 yuan / ton, up 36 yuan / ton, an increase of 0.
61%.
This week, merchants shipped positively, the overall market atmosphere was better, 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:
On the macro front, this week, Japan announced the revised gross domestic product (GDP) for the second quarter of 2016, which increased by 0.
2% month-on-month after excluding price changes, and converted to an annual rate of 0.
7%; There is a significant upward revision
from the initial values of 0 and 0.
2%.
Domestically, the official manufacturing PMI rebounded to 50.
4% in August, a 22-month high, and the services PMI maintained an upward trend for three consecutive months
.
During the same period, the Caixin manufacturing PMI also continued to maintain the boom and bust tipping point
of 50%.
At present, PVC market prices are supported by rising factors, and PVC fundamentals have risen
slightly.
In the upstream market, domestic PVC calcium carbide and ethylene prices rose sharply this week
.
The supply of calcium carbide is still tight, and the price center of gravity is deadlocked
.
Calcium carbide factory price in various places: Inner Mongolia Wuhai, Ordos area 2350-2400; Shizuishan Area, Ningxia 2350-2400; about 2450 in Zhongwei area; Shaanxi 2300-2400; Gansu area 2350-2450
.
The price of ethylene market in Asia was stable, with CFR Northeast Asia closing at 1194.
5-1196.
5 US dollars / ton, and CFR Southeast Asia stable at 1064.
5-1066.
5 US dollars / ton
.
Spot market: This week, the price of some domestic PVC spot markets was basically flat
.
North China calcium carbide law reported 5970 yuan / ton, up 70; ethylene law reported 6360 yuan / ton, flat; East China calcium carbide law reported 6050 yuan / ton, up 130, ethylene method reported 6550 yuan / ton, unchanged
.
South China calcium carbide method reported 6100, up 130, ethylene method 6580 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, the trend of the PVC physical market is volatile and upward
.
Fundamentally, calcium carbide production is slowly recovering, but the recovery is limited, and the overall supply is still tight
.
All enterprises ship smoothly, the factory price is still at a high level, and the low-end price is fixed to customers
.
This week's demand side performance is relatively sluggish, manufacturers high price shipments are blocked, quotations have been pulled back, but because the manufacturer's inventory is at a low level, PVC factory quotation is still relatively firm, it is expected that next week's manufacturer price narrow range
.
Futures prices are expected to remain range-bound and volatile
.
