The fundamentals of the hottest PVC improved sligh

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[PVC] fundamentals slightly improved, market stability wait and see

I. brief introduction to the market

the mentality of merchants in the domestic PVC market is slightly relaxed today, and the trading atmosphere is slightly warmer than yesterday. The upstream enterprises are supported by the cost, and their quotations are high and firm. The market traders have high cost of taking goods and are reluctant to sell at low prices. However, the high price transaction is not good, and the market stability is mainly on the sidelines

II. Brief introduction to the upstream market

the price of crude oil futures on the New York Mercantile Exchange (NYMEX) closed higher on Thursday, mainly due to market speculation that the Federal Reserve may further introduce monetary easing measures, the rise of the US stock market and the decline of the US dollar exchange rate. Light crude oil futures for May delivery on the New York Mercantile Exchange (NYMEX) rose 94 cents, or 0.9%, to close at US $103.64 a barrel

on Thursday, there was a strong wait-and-see atmosphere in the Asian ethylene market, and CFR Northeast Asia/Southeast Asia continued to close flat at 1361 5 USD/ton and 1400 5 dollars/ton. Due to the weak terminal demand, the downstream derivatives' digestion of raw materials is slow, especially the profit space of ethylene glycol and polypropylene is thin, which has limited support for the spot ethylene

III. local market conditions

today's PVC market has a general trading atmosphere, and the downstream purchasing enthusiasm is not good. It maintains on-demand purchasing, and the market trade makes the operation more intuitive and simple; The lengthened stretch space business is on the sidelines, and the offer is stable

the PVC market in Shantou continues to be stable, with insufficient downstream gas, but the cost is supported and the market price is firm. The mentality of the merchants is acceptable, and they operate according to the market. Ordinary 5-type electric stone mainstream tax 67 provides customers and consumers with excellent products of RMB yuan/ton

the PVC market price in Hangzhou continued to rise slightly, mainly driven by the price increase of some PVC manufacturers. At present, there is no obvious change in downstream demand, resulting in a tepid transaction. The mainstream self offered price of type 5 ordinary electric stone is about 6700 yuan/ton

the trading atmosphere in the PVC market in Tianjin is general, the downstream purchasing enthusiasm is not good, the inquiry is light, the procurement on demand is maintained, the market traders stand firm and wait-and-see, and the mainstream offer is stable. The price of ordinary type 5 electric stone delivered to the mainstream is RMB/ton

IV. in terms of the latest quotation,

the PVC market price in Shanghai has remained stable, the low price has decreased, and the merchants' shipment situation is general. The mainstream price of type 5 electric stone is RMB yuan/ton

about 50% of Henan Lianchuang PVC plant was started, the inventory was low, and the shipment was acceptable. The quotation of the enterprise is stable. The local ex factory quotation of type 5 is 6650 yuan/ton, and the transaction is negotiated

70% of the 100000 ton PVC plant of Yunnan Salt Chemical Co., Ltd. was started, the shipment was average, and the quotation continued to be stable. The ex factory price of type 5 material is RMB yuan/ton, the actual transaction is slightly lower, and the production and sales are in balance

v. future forecast

at present, the sales situation of downstream products is not ideal. Major banks, small and medium-sized banks and foreign banks all offer a discount of 8.5% off the first house interest rate, which may stimulate the recovery of the real estate market. Recently, PVC fundamentals have improved. Some manufacturers said that the sales situation is better than that in the early stage. At the same time, the downstream operating rate increased slightly, the demand increased slowly, and the contradiction between market supply and demand eased slightly. However, market participants' confidence in the future market is still insufficient, and the downstream is still purchasing on demand. The upward market is mainly based on the existing high-capacity material system, optimizing the electrode structure and increasing the load of active materials; Using new material system to improve the working voltage of battery; The optimization of new material system is weak, and it is expected that the market will be stable next week

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