According to the data monitored by the business society (the average price of SG5 by the calcium carbide method), the average price of domestic PVC mainstream on May 20 was 9250 yuan / ton, down 0.14% from the previous day, up 3.07% and 54.47% compared with the same period last year.

2、 Market analysis

On May 20, futures prices fell, driving the spot market price to explore, and the firm’s offer was loose, mainly adjusted in a narrow range of 50-150 yuan / ton, but the overall downward range of the market was not large, the actual inventory of the holders made profit, and the spot price was shipped, and the price remained high. At present, under the guidance of macro policy, nearly 100 raw materials prices collectively “dive”, the market gradually returns to rationality, the price of PVC futures has declined sharply, and the price of PVC futures has fallen sharply, and the price of PVC spot market has declined due to the negative factors such as the low price transaction and export reduction. However, the maintenance equipment in May is concentrated, the loss is large, the supply side is expected to tighten, and the downstream demand remains supported, The positive factors are still in, so PVC is not easy to fall deeply, rational callback should not be too pessimistic.

In spot, the main quotation range of pvc5 type electric stone is mainly 9150-9400 yuan / ton. The pvc5 type electric stone area in Hangzhou area is 9150-9200 yuan / ton; The main stream of pvc5 electric stone in Changzhou area is 9200-9300 yuan / ton; The main price of PVC common electrical stone in Guangzhou is 9300-9380 yuan / ton; Local market prices fell.

In futures, the sharp downward price drives the spot price trend. On May 20, the opening price of v2109 contract: 9005, the highest price: 9010, the lowest price: 8755, the position volume: 383126, the settlement price: 8870, yesterday’s settlement: 9115, and the decline of 245.

region varieties technology May 20 remarks

East China PVC Calcium carbide process 9200-9300 yuan / ton Delivery

south China PVC Calcium carbide process 9200-9370 yuan / ton Delivery

North China PVC Calcium carbide process 9130-9230 yuan / ton To

southwest PVC Calcium carbide process 9250-9400 yuan / ton To

International crude oil, on May 20, continued to decline, and has fallen for three days. The settlement price of the main contract in the WTI crude oil futures market in the United States reported $61.94 / barrel, or 1.41 US dollars or 2.2%. The settlement price of the main contract in Brent crude oil futures market was $65.11 / barrel, down $1.55 or 2.3%, mainly due to the new progress made in the US Iraq nuclear negotiations, the market supply is expected to increase significantly, and the epidemic in India has hindered the pace of demand recovery.

Ethylene, recently, the price of ethylene external market fell, the price on May 20 was USD 1175.25/t, the average price of ethylene on May 20 was 1163.25 USD / T, down 1.02%, and the current price fell 2.06% on a month basis, and the current price rose 119.38% year on year. Current crude oil: the market is optimistic that Iran may increase crude oil production significantly in the fourth quarter, with oil prices falling continuously and cost support is not good, so business agency data analysts expect the following main price falls in the next external market.

The factory price of the northwest carbide is stable on May 20, and the reference price of the carbide is 4733.33. Compared with the price of 4550.00 on May 1, it is up 4.03%. The price of raw materials, orchid carbon, has risen sharply, and the cost of calcium carbide is well supported. Downstream PVC market recently high consolidation, downstream customers to calcium carbide procurement enthusiasm. The electricity market in the back market rose slightly.

3、 Post market forecast

PVC analysts of business agency believe that, under the guidance of macro policy, the market gradually returns to rationality, the market is weak, and the high price transaction is not smooth, and other negative factors, which lead to the price decline of PVC market. However, the supply side is expected to tighten, and downstream demand remains supported, so PVC is not easy to fall deeply. The PVC market is expected to continue to decline in the short term.