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Trade Service
On March 31, the average price of domestic PVC mainstream was 9010 yuan / ton, up 60 yuan / ton from 8950 yuan / ton at the beginning of the week, an increase of 0.
67% during the week, and an increase of 2.
82%
compared with the same period last year.
External prices, CFR Southeast Asia rose 10 to 1470 US dollars / ton, CFR China maintained 1390 US dollars / ton, CFR India maintained 1640 US dollars / ton
.
The PVC market rose first and then fell this week, with a weekly increase of less than 1%.
The plate is strong, the highest futures price rushed up to 9435 during the week, driving the spot market price upward, enterprises actively pushed up, the market center of gravity shifted, but on Thursday PVC prices stopped rising and fell, some companies suspended quotations, public health events affected the start of the downstream products industry, mostly based on just need to purchase, the market transaction is general, cautious wait-and-see most, but exports are good, support is acceptable
.
International crude oil, on March 30, international crude oil futures prices rebounded
.
The main contract of U.
S.
WTI crude oil futures settled at $107.
82 per barrel, up $3.
58 or 3.
4%; The main contract for Brent crude futures settled at $111.
44 a barrel, up $3.
73 or 3.
5 percent
.
Data released by the U.
S.
Energy Information Administration (EIA) on Wednesday showed that U.
S.
crude oil inventories continued to decline, indicating that supply remains tight; In addition, the market is worried that Western sanctions against Russia continue to escalate, and the situation in Russia and Ukraine is still difficult to improve in the short term, and the risk of future supply disruption remains
.
At present, the quotation range of domestic PVC5 calcium carbide enterprises is around 8900-9400 yuan / ton, Tianjin PVC5 calcium carbide 9170-9220 yuan / ton is delivered, the mainstream price of PVC ordinary calcium carbide in Guangzhou is 9300-9400 yuan / ton, and the mainstream price of PVC ordinary calcium carbide in Changzhou is 9250-9350 yuan / ton
.
Overall, the current fundamentals have not seen significant improvement, PVC prices follow the fluctuations of the plate, and it is expected to continue to maintain a narrow range in the short term
.
