PVC price goes up against the trend

1、 Price trend

 

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According to the data monitored by the business society (the average price of SG5 manufactured by calcium carbide method), on February 5, the average mainstream price of PVC in China was 7250 yuan / ton, up 1.05% from 7175 yuan / ton at the beginning of the week, and 6.42% from the same period last year.

 

2、 Market analysis

 

This week, PVC first stabilized and then rose. At the beginning of the week, the market was relatively stable. Near the weekend, the PVC market was red in a large area. The increase range of enterprises in the week was about 50-200 yuan / ton. The low-end price was gradually close to the high-end price. The market center moved up slightly, and the price was mostly in the range of 7000-7500 yuan / ton. This week’s rise in PVC prices was mainly due to the strong volatility of futures prices, which led to the spot trend. In addition, it was heard that the price of electricity in Inner Mongolia increased, and the cost support gradually strengthened, which boosted the market sentiment. At present, the market performance is relatively flat. Most of the downstream companies have stopped work for holidays, and the demand is reduced. However, the PVC manufacturers are relatively stable in starting work, there are few maintenance enterprises, and the market supply is sufficient. The rebound of PVC in the off-season may not be sustainable. It is expected that the market will run smoothly before the festival and wait for the development after the festival.

 

In terms of spot price, the mainstream quotation range of pvc5 calcium carbide in China is around 7000-7500 yuan / ton. The main stream price of pvc5 calcium carbide in East China is around 7380-7530 yuan / ton, that in Hebei is 7100-7200 yuan / ton, that in Hangzhou is 7350-7500 yuan / ton, that in Changzhou is 7300-7450 yuan / ton, and that in Guangzhou is 7350-7550 yuan / ton.

 

In terms of futures, the main PVC futures contract V 2105 opened at 7455, with the highest price of 7660 and the lowest price of 7370. The closing price of V 2105 was 7645, up 305, or 4.16%. The turnover was 384000, an increase of 114000. Position 384000, an increase of 36304.

 

Regional varieties 5 February 2005

Changzhou PVC calcium carbide process: 7300-7450 yuan / ton

Guangzhou ﹣ PVC ﹣ calcium carbide method ﹣ 7330-7550 yuan / ton

In Hebei Province, the price of calcium carbide is 7100-7200 yuan / ton

Hangzhou “PVC” calcium carbide process “7350-7500 yuan / ton

 

Upstream crude oil: on February 5, the price of WTI crude oil futures market in the United States rose, with the settlement price of the main contract at US $56.85/barrel, up US $0.62. Brent crude oil futures market prices rose, the settlement price of the main contract at 59.34 U.S. dollars / barrel, or 0.50 U.S. dollars. Crude oil futures continued to rise on Friday, with Brent oil prices approaching the $60 mark, mainly due to the warming of economic recovery expectations and the continued effective implementation of production control by the organization of Petroleum Exporting Countries and its allies (OPEC +).

 

In January, the external market of ethylene showed a trend of first rising and then falling. At present, crude oil: US crude oil inventory is declining, but the market’s continued concern about the epidemic has limited oil demand, international oil prices fluctuate slightly, and cost support is general. Therefore, data analysts from business news agency predict that the external price of ethylene will mainly fall in the next few days.

 

On February 7, the ex factory price of calcium carbide in Northwest China was temporarily stable, and the reference price of calcium carbide was 3050.00, which was 1.08% lower than that on February 1 (3083.33). The price of raw material blue carbon was high and the cost of calcium carbide was well supported. The downstream PVC market has risen slightly recently. The downstream customers are generally enthusiastic about purchasing calcium carbide. The output of calcium carbide has risen, and the market supply exceeds the demand. Calcium carbide in the future fluctuated slightly.

 

3、 Future forecast

 

PVC analysts of business news agency believe that the current market performance is relatively flat, most of the downstream companies have stopped work for holidays, the demand is reduced, PVC manufacturers start work more stable, and the market supply is sufficient. The sustainability of PVC off-season rebound is not strong, and some enterprises have stopped orders and reports. It is expected that the situation will be stable before the festival, and wait for the power after the festival.

http://www.lubonchem.com/

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