1、 Price trend
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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 6668.57 yuan / ton last Friday and 6570 yuan / ton this Friday. The price fell by 1.48% in the week.
2、 Market analysis
This week, the domestic spot market of PVC rose first and then fell. On the whole, the price fell mainly. At present, the market is relatively light, and traders are not very motivated to take goods. In addition, today’s futures price has been lowered, market confidence is obviously insufficient, the market price has weakened, and the sales of goods holders are under pressure. The overall purchasing enthusiasm of downstream enterprises is poor, and the price is lowered. Up to now, the quotation range of domestic pvc5 electric stone is mostly around 6400-6750 yuan / ton.
On August 11, international crude oil futures closed higher. The settlement price of the main contract of WTI crude oil futures in the United States was US $94.34/barrel, up US $2.41 or 2.6%; The settlement price of the main contract of Brent crude oil futures was US $99.60/barrel, up US $2.20 or 2.3%. Previous data showed that US gasoline inventories fell sharply last week; In addition, the International Energy Agency (IEA) raised the growth forecast of oil demand this year, and the data level eased the expected pressure of demand decline caused by economic recession; Combined with the soaring price of natural gas, the demand for oil as an alternative energy has been boosted.
In terms of calcium carbide, the average price of calcium carbide was 3933.33 yuan / ton last Friday and 4050 yuan / ton this Friday, with a price increase of 2.97% in the week. This week, the factory prices of calcium carbide manufacturers were mostly stable, and the prices of individual enterprises increased. The price of the upstream orchid charcoal is low, and the market is obviously destocked, and the cost support is acceptable. The downstream PVC market is in shock operation, and the purchasing enthusiasm within the week is relatively good, while the calcium carbide transaction is relatively positive.
3、 Future forecast
PVC analysts of business club believe that the spot price of PVC rose first and then fell this week. At present, the demand of PVC spot market is general. Downstream enterprises mostly wait and see, mainly receiving orders on demand. Futures prices fell today, and traders’ enthusiasm for taking goods decreased. It is expected that in the short term, the PVC market will still be subject to a narrow range of consolidation, and we will pay close attention to the changes in the news.