In the first week of June, PVC price rose by 200 yuan again, which was very easy (6.1-6.5)

1、 Price trend

 

According to the data monitored by the business agency, as of June 5, the average price of domestic PVC mainstream (the average price of SG5 produced by calcium carbide method) was 6337.5 yuan / ton, and the price at the beginning of the week was 6112.5 yuan / ton. The average price in the week rose 225 yuan, or 3.68%, down 6.11% compared with the same period last year. The lowest point in the cycle is April, and the maximum amplitude is 17.09%.

 

Azodicarbonamide (AC foaming Agent)

2、 Market analysis

 

In the first week of June, the PVC spot market continued to rise strongly, with the average price rising more than 200 yuan in the week, and the mainstream price was mostly around 6300. This week, the price of PVC rose significantly, and the futures continued to rise to above 6300. The spot market followed the rise. In some regions, the price has been adjusted many times, and the futures fell down near the weekend. However, the willingness of the spot market to callback is not strong, and businesses are mainly on the lookout. This week’s fundamental preference is that the shortage of goods supply in some areas of PVC has not improved, the on-site arrival is limited, the social inventory continues to decline, and the manufacturer’s shipment is not under pressure. Meanwhile, the domestic infrastructure demand gradually increases. The data shows that the average new housing transaction area in the first tier cities continues to rise on a month on month basis, with a month on month increase of 20.1%. The real estate demand drives the PVC market to rise, and some downstream factories start construction The rate reached the level of the same period last year, but in the face of the rising price of PVC, the downstream enterprises are not enthusiastic about receiving goods, maintaining rigid demand, purchasing cautiously, and the overall transaction atmosphere is not warm or hot. However, driven by the strong price sentiment of PVC merchants, the PVC price callback is not large. Moreover, in June, there are still maintenance plans for PVC enterprises, such as Tangshan Sanyou, Xinjiang Tianye, Dezhou Shihua, Zhonggu mining, etc. PVC maintenance loss and operation rate are declining, the manufacturer’s inventory is not under pressure for the time being, the order situation is good, the supply side is good to support PVC price rising, and the short-term market is still optimistic.

 

According to the data monitoring of the business agency, as of June 5, the main quotation range of domestic PVC is 6000-6400 yuan / ton. At present, the mainstream price of pvc5 carbide in Changzhou is around 6270-6370 yuan / ton, the interval price of pvc5 carbide in Hangzhou is around 6250-6350 yuan / ton, and the mainstream price of PVC ordinary carbide in Guangzhou is around 6350-6450 yuan / ton, and the prices of all regions are increased.

 

Upstream: on June 4, WTI crude oil futures market in the United States rose, with the settlement price of major contracts rising by $0.12 to $37.41/barrel. Brent crude oil futures market price rose, and the settlement price of main contracts was $39.99/barrel, up $0.20. The market waited for the results of OPEC + meeting, and the oil price was more volatile. The crude oil market rose slightly, which supported the cost of ethylene. The price of ethylene continued to rise. The price of styrene in the downstream rose slightly, and the ethanol market was consolidated at a high level, which supported the price of ethylene. This week, the ethylene market went all the way up.

 

povidone Iodine

The price of raw materials is low and the cost of calcium carbide is generally supported. PVC market in the lower reaches is gradually rising, customers in the lower reaches are more active in purchasing calcium carbide, and the supply of calcium carbide is tight. Later, calcium carbide rose slightly in shock.

 

This week, the rubber and plastic market rose sharply, while the rubber and plastic products rose more or fell less, with the overall growth expanding month on month. According to the price monitoring of the business agency, in the list of commodity prices in the 22nd week of 2020 (6.1-6.5), there are 14 kinds of commodities rising month on month in rubber and plastic sector, with PVC (3.68%), natural rubber (2.47%) and PP (drawing) (2.40%) as the top three commodities. There are four kinds of commodities that declined on a month on month basis, and the top three products were cis-1.44%, SBR (- 0.93%) and PA66 (- 0.53%). This week’s average was up or down 1.19%. Overall, this week’s rubber and plastic market in the cost side support, supply and demand side of the game, speculation factors, the formation of the overall sharp rise, the trend of differentiation of the rise and fall of various products.

 

3、 Future forecast

 

According to PVC analysts of the business club, there are still enterprise overhauls in the near future, with large capacity, positive recovery of downstream products industry, and strong support for cost end. PVC fundamentals as a whole are still preferred, and the focus is constantly rising, and it is expected that there will be further rise in the short term.

http://www.lubonchem.com/

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>