PVC prices fall Spot market demand is not good

Last week, the PVC domestic spot market first rose and then fell, and the overall price fell mainly
.
Futures continued to fall during the week, confidence in the spot market was insufficient, and the market gradually weakened
.
At present, the demand for PVC market is weak, and the sales of cargo holders are under pressure
.
The overall purchasing enthusiasm of downstream enterprises is not good, and they purchase at low prices and receive orders
on demand.
Up to now, the domestic PVC5 calcium carbide quotation range is mostly around 6600-6780 yuan / ton
.

On August 4, international crude oil futures fell continuously, falling to their lowest point
since February.
The main contract of U.
S.
WTI crude oil futures settled at $88.
54 per barrel, down $2.
34 or 2.
12%; The main contract for Brent crude futures settled at $94.
12 a barrel, down $2.
66 or 2.
75 percent
.
The main reason, at the macro level, the Bank of England announced a 50 basis point interest rate hike on Thursday, curbing the recession that may be triggered by inflation continues to be bearish for oil prices, coupled with a surge in US commercial crude oil inventories, and oil producer OPEC to raise production targets
.

In terms of calcium carbide, the average price of calcium carbide on Friday was 3850 yuan / ton, and the average price on Friday was 3933.
33 yuan / ton, and the price rose by 2.
16%
during the week.
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 is consolidating at a low level, and the cost support is average
.

The future market predicts that PVC spot prices rose first and then fell
last week.
At present, the demand for PVC spot market is not good
.
Downstream is more wait-and-see, mainly taking orders on demand, and the transaction atmosphere is light
.
Recently, the price of goods has continued to fall, which has suppressed confidence in the spot market
.
It is expected that in the short term, the PVC market will still be volatile and close to the changes
in the news.