echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > The decline in PVC futures prices drove the center of gravity of spot goods downward

    The decline in PVC futures prices drove the center of gravity of spot goods downward

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Recently, the price of PVC futures has fallen, driving the center of gravity of the spot market to move downward, the quotation of enterprises has been lowered by 100-200 yuan / ton, the transaction of high prices is not smooth, the actual transaction is more profitable, and the trading atmosphere has become weak
    .

    PVC

    On the supply side, PVC production has declined
    slightly recently.
    According to Longzhong information data, as of February 10, the overall operating rate of PVC was 77.
    90%, down 0.
    52%
    from January 28.
    Among them, the operating rate of calcium carbide method was 81.
    49%, an increase of 0.
    79% over January 28; The ethylene process operating rate was 65.
    45%, down 5.
    41%
    from January 28.

    In terms of demand, the downstream operating rate of PVC has increased recently, and downstream production has resumed after the holiday
    .
    The operating rate of profile enterprises in the sample enterprises counted by Longzhong is 0-40%, and the downstream load is gradually increased, and the demand for PVC is just increased
    .
    However, after the holiday, the price of PVC spot rose, and some resistance was generated downstream, and the willingness to replenish stocks was not high
    .

    In terms of costs, calcium carbide prices have fallen recently, and ethylene prices have risen
    .
    As of February 10, the price of calcium carbide in Northwest China was 4250 yuan / ton, down 1.
    51% from February 5; The price of calcium carbide in East China was 4775 yuan / ton, down 1.
    04% from February 5; The price of calcium carbide in South China was 4875 yuan / ton, down 1.
    52%
    from February 5.
    As of February 10, the CFR Northeast Asia ethylene price was $1191/ton, up 18.
    98%
    from February 3.

    In terms of inventory, social stocks rose month-on-month this week, and Longzhong counted social stocks of 311,600 tons, an increase of 31.
    59% from before the holiday and 84.
    49%
    year-on-year.

    On the whole, short-term PVC fundamentals are more neutral
    .
    From the cost side, the current PVC raw material calcium carbide price fell, ethylene prices rose sharply, and the rise in PVC prices after the holiday was mainly boosted by the rise in crude oil prices
    .
    From the perspective of supply and demand structure, short-term operating rate and output decreased slightly, downstream demand improved, and inventory accumulated seasonally but increased more year-on-year
    .
    It is expected that the short-term is expected to be more volatile, with a focus on support
    around 8600-8700 below.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.