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On Friday, PVC spot market prices were raised
.
Last week, PVC first stabilized and then rose, the market at the beginning of the week was relatively stable, near the weekend, PVC market was widely red, each company increased the range of about 50-200 yuan / ton within the week, the low-end price gradually approached the high-end price, the market center of gravity slightly shifted, the price is more in the range of 7000-7500 yuan / ton
.
Due to the approach to the Spring Festival holiday, spot transactions are low, and traders do not offer much
.
Downstream demand is light, more maintain a wait-and-see mentality, some large factories have basically completed stocking, and it remains to be seen
how small and medium-sized enterprises will resume work after the holiday.
Before the holiday, the price shock adjustment of the PVC spot market was the mainstay
.
Upstream: OPEC+ firmly stance of production cuts, tightening supply expectations strengthened, and US economic data was good, US stocks rose, and international oil prices rose
for five consecutive years.
WTI 03 contract 56.
85 up $0.
62/barrel; The Brent 04 contract rose $0.
50 per barrel
at 59.
34.
China's SC crude oil futures main contract 2104 rose 3.
5 to 362.
9 yuan / barrel
.
calcium carbide: The ex-factory price of the domestic calcium carbide market is stable, and the mainstream ex-factory price in Wuhai is 3100 yuan / ton
.
Downstream arrivals are tight and procurement is active, and logistics and transportation issues approaching the Spring Festival have gradually become the focus of
attention.
The market is expected to remain stable and wait-and-see
.
Market forecast: the current market performance is relatively flat, most of the downstream has stopped work for the holiday, demand is reduced, PVC manufacturers start work is relatively stable, some enterprises have stopped orders and stop reporting, the market supply is sufficient, this PVC off-season rebound is not sustainable, it is expected that the spot market price before the holiday is stable, the market is mainly running smoothly, waiting for the post-holiday force
.