Insufficient market confidence: PVC prices fell this week (8.12-8.19)

1、 Price trend

 

Thiourea

According to the data monitored by the business agency, the price of PVC carbide SG5 fell this week. The average price of domestic PVC was 6570 yuan / ton last Friday and 6325 yuan / ton this Friday. The price fell by 3.73% in the week.

 

2、 Market analysis

 

This week, the domestic spot market price of PVC decreased. At present, the spot market is relatively light, and the enthusiasm of downstream and traders to take goods is not high. This week, the futures prices showed a downward trend of increasing positions as a whole. In addition, the real estate data continued to perform poorly, the market confidence was obviously insufficient, the market situation weakened, and the sales of carriers were under pressure. Up to now, the quotation range of domestic pvc5 electric stone is mostly around 5950-6580 yuan / ton.

 

In terms of crude oil, on August 19, the domestic SC crude oil futures rose, and the international oil price rebounded for two consecutive trading days. On Thursday, Brent crude oil rose by more than 3%, and SC crude oil rose in the internal market. The main contract of SC crude oil rose by 3.40% to close at 692.7 yuan. The US economic data showed strong performance. Last week, the number of people applying for unemployment benefits in the United States decreased to 250000, the first drop in three weeks, indicating that the demand for labor is still healthy. In addition, the commercial crude oil inventory data released by the US Energy Information Administration (EIA) on Wednesday was good, and the crude oil and gasoline inventories fell sharply more than expected. The fuel demand was still strong, diluting the worries about the slowdown of fuel demand caused by the risk of economic recession. Future forecast: according to the crude oil analysts of business club, in the short term, the oil price may also be affected by sudden factors in addition to the basic factors. The hurricane climate in North America is approaching. According to the judgment of previous years, it may damage the refinery facilities along the Gulf of Mexico, which may help the oil price rebound. In addition, in the medium term, it may be affected by the soaring natural gas price in Europe, which will drive the oil price higher. In the long run, the risk of economic recession and epidemic situation are still the biggest constraints on oil prices, and the risk of far-end oil prices is high.

 

In terms of calcium carbide, the average price of calcium carbide last Friday was 4050 yuan / ton, and the average price of this Friday was 3766.67 yuan / ton, with the price falling by 7% during the week. This week, the factory prices of calcium carbide manufacturers were mostly stable, and the prices of individual enterprises increased. The price of blue carbon in the upstream is low, and the cost is generally supported. The price of PVC in the downstream decreases slightly, and the demand for calcium carbide weakens.

 

3、 Future forecast

 

PVC analysts of business society believe that the spot price of PVC fell this week. At present, the demand of PVC spot market is general. The performance of real estate data is poor, and the downstream enterprises mostly wait and see. The trading is not warm and the market trading atmosphere is general. It is expected that in the short term, the PVC market will still be shaken and sorted out. We will pay close attention to the changes in the news.

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