A brief comment on the PVC market of China Plastic

2022-08-16
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On September 28, a brief comment on the PVC market of China Plastics warehouse receipts

I. brief description of the market:

the sharp recovery of crude oil made the overall market of China Plastics warehouse receipts rise, but it did not drive the PVC warehouse receipts to warm up. After the PVC warehouse receipts opened slightly higher, the intraday price fell, and the end of the day fell sharply. 11: At 00, the warehouse receipt index closed at 1175.03 points, down 4.57 points from yesterday. The trading atmosphere improved slightly, and both volumes rose slightly

pv0610 opened 20 yuan/ton higher today, and the intraday price fell sharply. At the end of the day, it closed down 150 yuan to close at 7360 yuan/ton. The settlement price fell 22 yuan/ton compared with yesterday. The trading atmosphere was not significantly improved. The trading volume was flat yesterday, and the order volume fell slightly. The strength of both parties was equal

pv0611 also opened slightly higher today, with intraday prices falling, closing down 140 yuan at 7200 yuan/ton in late trading, and the settlement price falling 87 yuan/ton compared with yesterday. The trading atmosphere remained at the early stage, the trading volume was flat yesterday, the order volume increased slightly, and the disk seller was dominant

pv0612 opened higher by 100 yuan/ton today, and the intraday price fell sharply. At the end of the day, it fell by 50 yuan to close at 7150 yuan/ton, and the settlement price rose by 50 yuan/ton compared with yesterday. The trading atmosphere has improved, the double volume has increased significantly, and the strength of disk buyers is dominant. At the same time,

II. Comprehensive comments:

international crude oil rebounded sharply, with WTI and Brent closing at $62.96 and $62.21 per barrel, respectively, up about $2. Asian ethylene prices have reduced the precise geometry of China's plastic injection molding parts, and the dead volume in syringes. The beneficial conditions for foreign trade export of extruders are increasing for the first time. In terms of PVC spot goods, the ex factory price of domestic petrochemicals remained stable, the local markets maintained yesterday's situation, and the low-end quotation was slightly heard. On the whole, the National Day is approaching, and the intention of the middle and lower reaches to prepare goods is weak. Some middle reaches have successively reduced prices and promoted sales in order to recover funds before the festival, but the market transaction is general, and the wait-and-see atmosphere is strong

in 2016, the shipment of power batteries reached 28gwh. Recently, the market has been relatively stable, crude oil hit the bottom and rebounded, and the oil price is expected to rise further, which undoubtedly brings a glimmer of dawn to PVC

(personal view, for reference only; based on this, enter the market 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 to agree with its views or confirm the authenticity of its content

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