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Trade Service
According to the monitoring data of the cable network, this week, the spot price performance of the PVC market closed slightly lower
.
The average price of PVC spot at the beginning of the week was 7020 yuan / ton, and the weekend price was 6850 yuan / ton, down 170 yuan / ton, down 2.
41%.
This week's merchant shipments are light, the overall market atmosphere is weak, the transaction situation is not ideal, and the trading atmosphere is lower than last week
.
The reasons for the decline in PVC market prices this week are as follows:
On a macro front, this week, Eurozone September CPI year-on-year final value was 1.
5%, 1.
5% expected, preliminary value 1.
5%.
Eurozone September core CPI y/y final 1.
1%, 1.
1% expected, preliminary 1.
1%.
Domestically, China's September PPI was 6.
9% y/y versus 6.
4% expected and 6.
3%
prior.
September CPI was 1.
6% y/y, below 2% for eight consecutive months, in line with expectations of 1.
6% and below the previous reading of 1.
8%.
China's September Caixin composite PMI was 51.
4, a three-month low and 52.
4
previously.
In the upstream market, the price of the domestic calcium carbide market rose this week, and the average ex-factory quotation of mainstream calcium carbide manufacturers on October 20 was 3162.
22 yuan / ton, compared with the average ex-factory quotation of 3128.
89 yuan / ton on October 13, and the quotation rose by 33.
33 yuan / ton, or 1.
07%.
Spot market: PVC manufacturers fell in quotation prices
.
The price of some domestic PVC spot markets is mixed
.
North China calcium carbide law reported 6600 yuan / ton, up 30; ethylene law reported 6770 yuan / ton, unchanged; East China calcium carbide method reported 6650 yuan / ton, up 50, ethylene method 7050 yuan / ton, flat; South China calcium carbide method 6770, up 20, ethylene method 6980, flat
.
The price of raw materials was basically flat, with East China reporting 3570 yuan, flat, and Northwest reporting 3400 yuan, flat
.
Future market forecast: This week, the PVC physical market trend is volatile and falling
.
In terms of raw materials, calcium carbide quotations are close to the upper limit of psychological prices accepted by downstream customers, and the price increase space is limited in the short term, and high consolidation is the mainstay
.
On the supply side, there will not be much maintenance of the manufacturer's equipment next week, and the supply will not change much
.
In terms of demand, terminal products are affected by environmental protection and security inspection, and enterprises are sluggish
.
In addition, the weather turned cold, and some real estate construction in the north stopped next month, and the demand for PVC weakened
.
On the whole, it is expected that the PVC market will maintain a weak finishing pattern
next week.
