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RoyGeordie
I'm a seasoned industrial engineer with a keen interest in machine learning. Here to share insights on latest industry trends.
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RoyGeordie
Release Time:2024-06-13
Low Deadlock in China PVC Futures in the First Half of June
Recently, the prices of various products in the plastic industry market have mostly seen low and narrow range consolidation, with three types of plastic futures showing mixed ups and downs. Since the beginning of June until now, the overall profit of the plastic industry has been significant. On the macro level, the increase of the US Debt limit aggravated global inflation, and economic recession fears spread. Affected by this, the international crude oil, which is a plastic remote raw material, has seen a decline and a decrease. At the same time, the load rate of the downstream plastic industry is not ideal, consumption follow-up is lagging, and market momentum is poor. Within half a month, the plastic futures market continued to be in a pattern of off-season consumption and weakened costs, with prices showing a narrow range of consolidation. According to the Commodity Market Analysis System of the Business Society, as of June 14th, the average half month increase in spot prices of ...
Detail >
RoyGeordie
Release Time:2024-06-13
China PVC Spot Prices rose Last Week (August 18-25)
According to the monitoring of the commodity market analysis system of toodudu, the spot price of PVC carbide SG5 rose last week. The average domestic PVC price on Friday of the previous week was 6,028 RMB/ton, and on Friday of last week it was 6,192 RMB/ton, with a price increase of 2.72% during the week. Last week, the domestic spot market price of PVC rose. Last week, upstream calcium carbide prices increased. Last Wednesday and Thursday, the PVC stock market continued to rise, and spot prices gradually followed suit, making it difficult to find low-priced sources of goods. However, downstream market demand is average, resisting high prices, and actual order follow-up is slightly insufficient. As of now, the quotation range for PVC5 carbide materials in China is mostly around 6,050-6,350 RMB/ton. On August 24th, international crude oil futures slightly increased. The settlement price of the main contract for WTI crude oil futures in the United States was $79.05 per barrel, an incr...
Detail >
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