PVC market fell violently this week (7.15-7.22)

1、 Price trend

 

Benzalkonium chloride

According to the data monitored by the business agency, the price of PVC carbide SG5 fell this week. The average price of domestic PVC was 6498.57 yuan / ton last Friday, and 6368.57 yuan / ton this Friday. The price fell by 2% during the week.

 

2、 Market analysis

 

This week, the domestic spot market of PVC fell violently. On the whole, the price fell mainly. With the improvement of the futures market on Wednesday, the confidence of the spot market rose, and the price rose slightly on Wednesday. At present, the PVC market demand maintains the previous level. Downstream enterprises and traders are more wait-and-see, inquiry is OK, spot transactions are general, downstream procurement is cautious, and orders are mainly received on demand. Up to now, the quotation range of domestic pvc5 electric stone is mostly around 6200-6650 yuan / ton.

 

In terms of international crude oil, the price of international crude oil futures fell on July 21. The settlement price of the main contract of WTI crude oil futures in the United States was $96.35 / barrel, down $3.53 or 3.5%; The settlement price of the main contract of lunt crude oil futures was $103.86 / barrel, down $3.06 or 2.9%. Oil prices continued to fall on Thursday, mainly due to the increase in gasoline inventories in the United States. In addition, at the macro level, the European Central Bank raised interest rates, causing concerns about falling demand.

 

Sodium Molybdate

In terms of calcium carbide, the average price of calcium carbide last Friday was 3833.33 yuan / ton, and this Friday was 3816.67 yuan / ton. The price fell by 0.43% during the week. The factory prices of calcium carbide manufacturers were mostly stable this week, and the prices of some enterprises fell. The price of blue carbon in the upstream fell slightly, the cost support weakened, the PVC market in the downstream fell slightly, and the demand for calcium carbide weakened.

 

3、 Aftermarket forecast

 

PVC analysts of business agency believe that the spot price of PVC fell violently this week. At present, the demand of PVC spot market is general. Downstream mining is more wait-and-see, mainly receiving orders on demand, and the transaction atmosphere is general. Futures prices rose today and confidence in the spot market recovered. It is expected that the PVC market will run steadily and well in the short term.

http://www.lubonchem.com/

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