A brief comment on the PVC market of China Plastic

2022-08-03
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On November 3, China Plastics warehouse receipt PVC market brief comment

I. brief introduction to the market:

the sharp decline of crude oil seems to have no significant impact on today's PVC warehouse receipt trend. Today, PVC helped break an old world market and the intraday price was stable. 11: Guangzhou Jinfa: the multi-disciplinary layout seeks for technical and market commanding heights. At 00:00, the warehouse receipt index closed at 1096.74, up 10.17 points compared with the previous trading day. The trading atmosphere was not significantly improved. The trading volume was unchanged from yesterday, and the order volume rose slightly

pv0611 opened sharply higher today. The intraday price remained at the close, and closed at 6950 yuan/ton at the end of the day. The settlement price increased by 130 yuan/ton compared with the previous trading day. From the disk view, the transaction atmosphere was cold, the trading volume decreased significantly, the order volume also decreased slightly, and the power of the disk buyer was dominant

pv0612 opened higher today. The intraday price remained at the end of the day and closed at 6800 yuan/ton. The settlement price increased by 50 yuan/ton compared with the previous trading day. Intraday trading atmosphere was colder, and the double volume increased compared with yesterday

pv0701 opened slightly lower today, the intraday price remained at the close, and closed at 6700 yuan/ton at the end of the day. The settlement price decreased by 20 yuan/ton compared with the previous trading day. The trading atmosphere was cold, the trading volume was the same as that held as the main engine yesterday, and the order volume increased slightly. The strength of both parties is equal

II. Comprehensive comments:

today, international crude oil fell sharply. WTI and Brent closed at 57.88 and 57.87 dollars/barrel, down 0.83 and 1.11 dollars/barrel respectively. In terms of PVC spot, the ex factory price of domestic petrochemicals remained stable. The market performance in various regions is average. In some regions, the prices fell slightly under the influence of the external market, and the low-end quotation was slightly highlighted. Downstream demand has not improved, the mentality of all parties is poor, multidimensional is on the sidelines, and the transaction is weak. The quotation of PVC raw material market in Yuyao plastic city was partially lowered. The latest mainstream price in the market was yuan/ton thermoplastic unidirectional belt processing technology, and the transaction was not optimistic. In general, due to the lack of fundamental support, PVC shows a slight downward trend

(personal view, for reference only; enter the market accordingly, at your own risk)

source of information: China plastics trading

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information, and does not mean that you agree with their views or confirm the authenticity of their contents

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