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    Home > Chemicals Industry > New Chemical Materials > The PVC spot market stabilized as a whole

    The PVC spot market stabilized as a whole

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    The spot market of PVC before May Day showed stability and change as a whole, with the price of PVC market in Asia falling by 25-30 US dollars / ton, CFR China falling 30 US dollars / ton at 1310 US dollars / ton, Southeast Asia falling 25 US dollars / ton at 1395 US dollars / ton
    .
    The export quotation before the domestic export pressure holiday is around FOB1230, and the opening of the export arbitrage window still supports domestic prices, and the spot week changes
    in the range of 8800-8850.

    PVC

    International crude oil futures continued to fluctuate at a high level PVC futures stabilized by strong support around 8500, upstream maintenance during May, the domestic epidemic gradually improved, downstream enterprises affected by the epidemic demand has a post-loading situation, it is expected that with the improvement of the starting conditions of terminal enterprises in some areas in May and the expectation of resumption of work in some real estate construction sites, futures are difficult to effectively fall below the 8500 line of support
    .

    In terms of social inventory, the operating load of upstream enterprises has declined, the demand side continues to demand procurement, and social inventory has slightly deteriorated
    .
    As of April 29, the sample inventory in East China decreased by 1.
    19% from the previous period and increased by 55.
    95% year-on-year, and the sample inventory in South China decreased by 0.
    28% from the previous period and increased by 3.
    24%
    year-on-year.
    The total inventory of sample warehouses in East China and South China was 320,300 tons, down 1.
    04% from the previous period and up 43.
    57%
    year-on-year.

    In terms of demand, the recent downstream demand is still weak, some ports and warehouses have stopped installation, the operating load of some downstream enterprises is still low, the overall order volume of product enterprises is not much, and some still have finished product inventory
    .
    It is expected that it will be difficult to significantly improve demand in the short term, and pay attention to the recovery of
    demand in the later period.

    During the May Day holiday, international crude oil futures showed a strong fluctuation, which supported the energy and chemical sectors
    .
    The high cost of overseas crude oil cracker is high, which raises the production cost of overseas ethylene plant, and the spot quotation in Asia falls, and the quotation table in Europe and the United States is not large
    .
    Domestic export real order FOB Tianjin Port mainstream quotation at 1220240 US dollars / ton, export arbitrage window is still open, supply side in mid-to-late May centralized maintenance and export impact upstream enterprises pressure is not large, in the short term spot fall space is limited, PVC technical focus on support around 8500 and pressure
    around 8850.

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