The hottest PVC has a strong wait-and-see mentalit

2022-08-09
  • Detail

[PVC] with a strong wait-and-see mentality, the market maintained a consolidation trend

I. market overview

at the beginning of the week, the PVC market as a whole remained stable. The business operation is relatively cautious, and the delivery price is negotiated more. The downstream users are still not active in taking the goods, and the transaction is not good. At present, the mainstream quotation of ethylene material is yuan/ton, and the mainstream quotation of type 5 electric stone is yuan/ton. The actual transaction can be negotiated

II. Brief introduction to the upstream market

crude oil futures on the New York Mercantile Exchange closed higher on September 21, rebounding from the previous four consecutive days of decline, helped by the decline of the US dollar against the euro and the rise of peripheral markets. Nymex11 crude oil futures closed up 47 cents, or 0.51%, at $92.89 a barrel. ICE1 January Brent crude oil futures rose $1.39, or 1.26%, to $111.42 a barrel

last Friday (September 21), ethylene in Asia was mixed, with CFR Northeast Asia falling 10 to US dollars/ton and CFR Southeast Asia rising 7 to US dollars/ton

III. local market conditions

today's PVC market quotation is stable. The business mentality is mainly wait-and-see, and the operation is cautious

Wuxi PVC market atmosphere is slightly weak, and the adjustment is more cautious. The price of ordinary electric stone materials in the market is reported at yuan/ton, with preferential implementation, slightly higher than 6700 yuan, and there is a strong wait-and-see sentiment in the market

the PVC market atmosphere in Hangzhou is slightly weak, and the adjustment is relatively cautious. The mainstream offer of ordinary electric stone is mostly at yuan/ton, the part of Beiyuan is quoted at about 6680 yuan, and the part of Tianye and Zhongtai materials is quoted at about 6700 yuan, some are delivered at yuan/ton, and the high model is firm at about 6850 yuan

the PVC market in Hebei has opened stably for the time being, and the adjustment is relatively cautious. The general electric stone market transaction is reported to be at least 500mm away from the lower end of the sample, and the spot exchange transaction is at least 500mm away. Part of the execution can still be discussed recently, and the ethylene material is relatively stable

IV. in terms of the latest quotation

the quotation of Inner Mongolia Jilantai PVC is temporarily stable, about 80% of the plant is started, the local ex factory quotation of type 5 electric stone is 6400 yuan/ton for acceptance, and the spot exchange is about 100 yuan lower. The transaction can be negotiated

the PVC quotation of Heilongjiang Haohua chemical rose slightly by 50 yuan, and about 50% of the plant was started. The ex factory quotation of type 5 electric stone was 6800 yuan/ton, and the cross-section of the component was gradually weakened. The acceptance was accepted, and the spot exchange was 50 yuan/ton lower, and the surrounding shipments

the quotation of PVC in Sichuan Jinlu rose slightly by 50 yuan, and about 70% of the device was started, that is, the data of all tested samples from small to large numbers will be automatically printed, and the 5-type electric stone will be sent to Sichuan to report about 6750 yuan/ton, some of which will go through orders, and the transaction can be negotiated. Yili is slightly higher at 6730 yuan/ton

v. future forecast

there is not much macro news over the weekend, and the overall market is slightly bearish. From today's trading, PVC investors' enthusiasm for funds has decreased, and the market fundamentals are still deadlocked, with a heavy wait-and-see mentality. The demand of downstream enterprises has not improved, the commencement has not increased significantly, and the enthusiasm for receiving materials is poor. It is expected that in the short term, the PVC market will hold a multi-dimensional consolidation trend, and it is difficult to have a breakthrough performance for the time being

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