China PVC Spot was Reorganized and Operated under Shock Last Week
According to the data monitored by toodudu, the PVC calcium carbide method SG5 operated in shock last week. On the whole, the price decreased slightly. The average domestic PVC price at the beginning of the week was 6,028.57 RMB/ ton, the average weekend price was 6,022.86 RMB/ ton, and the price decreased 0.09% within the week.
Last week, the PVC calcium carbide method SG5 was put into operation in shock, and the overall price decreased slightly. At present, the overall trading and investment situation of the market is relatively light, the actual transaction situation of the spot market is general, the enthusiasm of downstream customers is weak, the market confidence is insufficient, the actual transaction is more cautious, and the demand is strong. Up to now, the quotation range of domestic PVC5 carbide is mostly around 5,550-6,450 RMB/ ton.
In terms of crude oil, international crude oil futures fell sharply on November 17. The settlement price of the main contract of WTI crude oil futures in the United States was 81.64 dollars/barrel, down 3.95 dollars or 4.6%. WTI fell to the lowest point since October 3. The settlement price of the main contract of Brent crude oil futures was 89.87 dollars/barrel, down 3.08 dollars or 3.3%.
In terms of calcium carbide, the average ex factory price of mainstream calcium carbide manufacturers in northwest China fell from 3,700 RMB/ ton at the beginning of the week to 3,683.33 RMB/ ton at the end of the week, a decline of 0.45%. The upstream carbon price was consolidated at a high level, with good cost support. The downstream PVC market fell slightly, and the demand for calcium carbide weakened.
toodudu PVC analysts from the business agency believe that PVC fluctuated slightly last week, with a slight decline. The upstream carbide decreased slightly. The downstream demand is general, and the purchase is mainly based on demand, and the new order transaction is cautious. It is expected that in the short term, China PVC market price will fluctuate and consolidate.
If you have any questions, please feel free to contact toodudu with tdd-global@toodudu.com.
Recommended Suppliers