Temperature Plummeted PVC Market Continued To Rise
Business news on November 16
I. price trend
According to the data monitored by the business agency (average ex factory price of SG5 by calcium carbide method), on November 11, the domestic PVC price was 6670 yuan / ton, and on November 15, the domestic PVC price was 6742 yuan / ton, up 1.09% in the week, up 5.88% year on year.
II. Market analysis
Products: this week, PVC futures are stable and upward, roughly equal to the spot market. In November, the futures market accelerated to subsidize water and increase positions. At present, it is close to the previous peak. At the same time, PVC social inventory continues to decrease, which is good for the market. At present, the spot is boosted by the futures, the quotation continues to rise, the trading center starts to move up, the market trading turns better, the merchants are optimistic, and the sales pressure decreases. At present, some enterprises are in the state of maintenance, slightly higher than the same period last year, the market supply is tight, good support PVC prices up. According to the data monitoring of business agency, as of November 15, the main quotation range of domestic PVC is 6640-6800 yuan / ton. At present, the mainstream price of pvc5 carbide in Changzhou is 6730-6820 yuan / ton, the interval price of pvc5 carbide in Hangzhou is 6740-6850 yuan / ton, and the mainstream price of PVC ordinary carbide in Guangzhou is around 7000 yuan / ton. Prices have risen to varying degrees.
Industrial chain: after the adjustment in October, the capital return of each factory is in good condition, the equipment maintenance is completed, and the production capacity is increased. The price of upstream raw materials fell slightly. Compared with last year, the price dropped a lot and the cost support was insufficient. PVC market began to rise, the purchase enthusiasm of calcium carbide increased, the price is expected to rise in shock. Ethylene is on the rise this week. The price of ethylene market in Asia has risen sharply, and the industry pays more attention to the supply and demand after the festival. The downstream product enterprises are generally acceptable, most of them need to replenish the stock just to maintain, and the transaction atmosphere is better.
Industry: according to the price monitoring of the business agency, in the 45th week of 2019 (11.11-11.15), there are 5 kinds of commodities in the list of commodity prices rising and falling, among which the top three commodities are PS (2.54%), natural rubber (1.19%) and PVC (1.09%). There are 8 kinds of commodities falling on a month on month basis, and the top 3 products were NBR (- 3.91%), HDPE (- 2.84%) and LLDPE (- 1.34%). This week's average was - 0.41%.
III. future forecast
PVC analysts of business club think: at present, the market environment is not good and seasonal consumption is off-season, so it is difficult to make a big improvement in the downstream of PVC. However, with the supply side supply still tight and the futures boost, it is expected that the future market will fluctuate upward.
