Analysis of PVC price of plastic raw materials on

Analysis of PVC price of plastic raw materials on March 17

I. brief introduction of the market

pvc market price fluctuated at a high level. Merchants have a good mentality, and follow the market in operation. Some downstream companies are still cautious about following the purchase

II. Brief introduction to the upstream market

crude oil futures soared on Wednesday. Light and low sulfur crude oil futures for April delivery on the New York Mercantile Exchange rose $2.12 to close at $38.46 a barrel, or 5.8%. European ICE Futures stipulated that the non proportional extension strength and elastic modulus should be measured by installing electronic extensometer. The exchange's global benchmark Brent crude oil futures rose $1.59 to $40.33 a barrel

on Wednesday (March 16), the market price of ethylene in Asia rose, and the price of CFR Northeast Asia rose by $10 to close at 1189 5 dollars/ton; CFR Southeast Asia prices rose $10 to close at 1159 5 dollars/ton

III. local market conditions

market trading was flat, and prices rose partially

the PVC market atmosphere in Hebei is good, the transaction is stable, and the price rises slightly. The mainstream of ordinary type 5 electric stone materials does not include tax yuan/ton, but includes tax yuan/ton, and higher quotations are also available

the PVC market atmosphere in Guangzhou is good. Supported by the sharp rise in futures, merchants are reluctant to sell, and prices have risen sharply. The mainstream transaction price of ordinary type 5 electric stone is yuan/ton, and the price of Zhongtai/Tianye is slightly higher

the quotation of PVC market in Hangzhou continues to rise, and there are few low-end goods. The mainstream self raised quotation of type 5 ordinary electric stone is yuan/ton, and a higher quotation exists

IV. in terms of the latest quotation,

Shandong Xinfa PVC has few sources of goods, and the quotation is increased by 50 yuan/ton. At present, the ex factory price of type 5 materials is 5350 yuan/ton in cash exchange

the quotation of Ningbo Hanhua PVC is stable. Current East China spot exchange delivery: hg-1000f reported 5750 yuan/ton; Hg-800 is quoted at 5750 yuan/ton; Hg-1300 was delivered to East China at 5850 yuan/ton, while the quotation in South China was 50 yuan/ton higher, and the actual transaction price was low. Jinan low temperature tank operation

Shandong Taishan salt PVC shipment is acceptable, and the quotation is increased by 50 yuan/ton. The ex factory price of type 5 material is 5420 yuan/ton, and the actual transaction is negotiable

v. future forecast

merchants are more active in shipping, but the downstream demand is not followed up enough, and the high price resistance is obvious, which can also detect the corner under a certain torque;, Transaction resistance is high. It is expected that the short-term PVC market will maintain a high volatility pattern