1、 Price trend
| povidone Iodine |
According to the data monitored by the business community, the price of PVC carbide SG5 rose this week. Last Friday, the average price of domestic PVC was 6454.29 yuan/ton. This Friday, the average price was 6504.29 yuan/ton. The price rose by 0.77% during the week.
2、 Market analysis
The domestic spot market price of PVC has risen steadily this week. At present, the spot market is fair, the number of downstream inquiries is increasing, the follow-up of actual orders is slightly insufficient, and the market trading atmosphere is good. Futures prices rose slightly as a whole this week, and market confidence rebounded significantly. Up to now, the quotation range of domestic PVC5 carbide materials is mostly around 6200-6750 yuan/ton.
In terms of crude oil, on September 8, international crude oil futures rebounded. The settlement price of the main contract of WTI crude oil futures in the United States was 83.54 dollars/barrel, up 1.60 dollars or 2.0%; The settlement price of the main contract of Brent crude oil futures was 89.15 dollars/barrel, up 1.15 dollars or 1.3%. On the previous trading day, oil prices fell sharply due to worries about economic recession, and the market bought at a technical bottom on Thursday; In addition, the United States imposed a price ceiling on Russian oil, and Russia threatened to stop supplying oil and natural gas to some international buyers. The oil price rebounded after exceeding the price limit.
| Azodicarbonamide (AC foaming Agent) |
In terms of calcium carbide, the factory price of calcium carbide in northwest China rose slightly this week. This week, the average ex factory price of mainstream calcium carbide manufacturers in northwest China rose from 3650 yuan/ton at the end of last week to 3733.33 yuan/ton at the end of this week, an increase of 2.28%, and a year-on-year drop of 31.50%.
3、 Future market forecast
PVC analysts from the business agency believe that the spot price of PVC will rise this week. At present, the demand of PVC spot market is fair, the market trading atmosphere is good, and the futures drive the spot price to rise slightly. The upstream calcium carbide price rose slightly, which supported PVC moderately. It is expected that the PVC market price will slightly tilt upward in the short term. Pay close attention to the changes in the message.
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