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In this issue (July 15-21), international oil prices fell sharply, among which WTI crude oil futures fell by more than 10%; some production companies temporarily overhauled or reduced production, the supply decreased month-on-month, and there was strong support on the cost side, and domestic plastic futures fluctuated Go higher
.
The downstream insisted on just-needed purchases, trading was tepid, merchants had greater resistance to increase, and the spot market rose slightly, which was not as good as futures
The PVC spot market rose in a narrow range and then declined.
At the beginning of the period, calcium carbide companies in Inner Mongolia were severely curtailed, and futures were strong, and merchants’ quotations were actively increased; the issue of curtailment at the end of the period was alleviated, coupled with downstream conflicts with high-priced sources, and the trading atmosphere was dull.
The spot market fell slightly
.
As of the end of the period, the mainstream self-raising price of type 5 ordinary calcium carbide in the South China and East China markets was 9,200-9,330 yuan (ton price, the same below)
PVC narrow-width finishing
PP slightly tidied up.
The futures market fluctuated and rose slightly .
The ex-factory prices of petrochemical companies were largely stable and small.
Traders made cautious offers and adjusted marginally .
Downstream factories maintained a cautious purchasing attitude
.
As of the end of the period, the mainstream quotation of domestic wire drawing materials was 8420-8700 yuan, down 40 yuan from the previous period
PP small finishing
LLDPE fluctuated within a narrow range.
LLDPE futures fluctuated higher.
The ex-factory prices of petrochemical companies were partly up and down.
Traders offered to follow the market.
The pace of destocking slowed down.
The purchase intention of downstream factories was flat, and there was resistance to high-priced sources
.
As of the end of the period, the mainstream domestic LLDPE quotations ranged from 8,300 to 8,550 yuan, a slight drop of 25 yuan from the previous period
LLDPE fluctuates within a narrow range
(China Plastic Price Index Research Center)
