Market downturn PVC trading light

A brief description of the market

The PVC market is still operating weakly and it is lacking in popularity. Due to the lack of relevant policy guidance in the current market, the market is waiting to see a strong mood and the trading continues yesterday's light conditions. Traders are more cautious and expect good news guidance. The current mainstream price of vinyl material 7200-7450 yuan / ton, 5 types of electric stone mainstream quoted at 6800-7200 yuan / ton.

Second, the upstream market briefly

New York Mercantile Exchange's November contract settlement price of light and low crude oil fell 55 cents to US$89.33 per barrel, a drop of 0.6%. The London Intercontinental Exchange (ICE) November Brent crude oil ** settled down 20 cents to $111.82 a barrel, down 0.2%.

On October 8, Asian ethylene closed steadily, CFR Northeast Asia to 1336-1338 US dollars / ton, CFR Southeast Asia to 1376-1378 US dollars / ton.

Third, local market

The PVC market performance is flat, the mainstream price fluctuates little, the quality of the supply is different, slightly higher and lower prices are available.

The PVC market in Changzhou remains calm and the demand is normal. The price of type 5 ordinary electric stone has been raised from 6530-6600 yuan/ton, and a few higher and lower prices have also been heard. Vinyl material is weak and volatile, Qilu material S700 East China to the price of 7070 yuan / ton, S1000 East China to the price of 7120 yuan / ton, 800F/1000F East China to 6830 yuan / ton, 1050P East China to the price of 6670 yuan / ton.

Shanghai PVC market trading atmosphere is normal, wait and see mood is strong. Type 5 ordinary stone materials from the mainstream quoted price of 6550-6600 yuan / ton. Heard that the local market should report 6580 yuan/ton, Beiyuan should mention 6550 yuan/ton, and the large material 1000 east China to 7100 yuan/ton, and the 700 and 800 east China to 7150 yuan/ton.

Hebei PVC market is light and traders are mostly wait-and-see. Ordinary type 5 electric stone was sent to the mainstream without tax 6100-6150 yuan / ton, heard the merchant reported Yang coal and some Inner Mongolia sent to Quzhou 6450 yuan / ton; large dumpling material type 700 since mentioning 6850 yuan / ton.

Fourth, the latest quotes

Yunnan Salted PVC quotation was steady, 80% of the equipment was started, type 5 material was reported at 6400-6500 yuan/ton, and type 8 material was slightly higher at 150 yuan/ton. The actual transaction can be negotiated.

Inner Mongolia triple PVC latest offer, the device started normal. At present, the ordinary type 5 electric stone factory price of 6270 yuan / ton acceptance, the transaction can be discussed.

Suzhou Huasu PVC offer is reduced by 100 yuan, the device maintains full-load operation, single-method 800, 1000-type peripherals to 7200 yuan / ton, 1300-type peripherals to 7300 yuan / ton, the transaction can be negotiated.

Fifth, the market outlook forecast

The high cost has certain support for the price of PVC, but the European and American economies remain sluggish. Although the domestic economic downturn is showing signs of slowing, it is still low. The downstream demand will not be significantly improved in the short term, and it is expected that the pattern of shocks will continue to be maintained in the short term.