Market demand is light PVC futures prices fall

Last week, the PVC domestic spot market continued to decline
.
Intraday futures prices fell, weighing on spot market sentiment
.
Downstream enterprises and traders are obviously wait-and-see sentiment, downstream procurement is cautious, on-demand orders are the mainstay, and the shipment transaction situation of PVC spot market is general
.
Up to now, the domestic PVC5 calcium carbide quotation range is mostly
around 6450-7100 yuan / ton.

In terms of crude oil, on July 5, the price of international crude oil futures plummeted
.
The main contract of U.
S.
WTI crude oil futures settled at $99.
50 per barrel, down $8.
93 or 8.
2%; The main contract for Brent crude futures settled at $102.
77 a barrel, down $10.
73 or 9.
5%.

Oil prices posted their biggest one-day drop since March, with Brent down nearly 10 percent as fears of a global recession mounted, the commodity sector came under pressure, and energy commodities such as crude oil were bearish
.
Comprehensively considered, under the premise of tight supply and demand, the momentum of a sharp decline is not very strong, but the oil market may intensify the shock in the future, the amplitude will increase, and the risk of the market will also increase
.

In terms of calcium carbide, on July 8, the average price of calcium carbide was 3850 yuan / ton, an increase of 1.
32%
compared with the average price of 3800 yuan / ton on July 1.
The ex-factory prices of calcium carbide manufacturers were mostly stable this week, and the prices of individual enterprises rose
.
The price of upstream blue charcoal fell slightly, the cost support weakened, the downstream PVC market fell slightly, and the demand for calcium carbide weakened
.
It is expected that in the short term, calcium carbide prices in Northwest China will temporarily stabilize and consolidate
.

After the market forecast, PVC spot prices fell
last week.
At present, the demand for PVC spot market is light
.
Downstream procurement is cautious, on-demand orders are the mainstay, and the transaction atmosphere is general
.
Intraday futures prices fell, weighing on spot market sentiment
.
It is expected that the PVC market will operate
weakly in the short term.