PVC market price cut waiting for eighteen big news stimulation
Time：2012-11-09 17:15:04 Hits：2125
First, the market briefly
Crude oil fell sharply, the market mentality again frustrated the downturn in the PVC market atmosphere. Still inside the contradiction between supply and demand, businesses operating enthusiasm is not high, shipped more than Suixingjiushi, the downstream business orders, demand is difficult to follow. Vinyl material mainstream offer 6900-7100 yuan / ton, 5 type electric stone mainstream offer in 6800-6900 yuan / ton, the actual transaction can be discussed.
Upstream market briefly
The increase in fuel supply and weak demand, the Wednesday after the election the market sold a lot of hurricane Sandy market further pressure. New York time on November 7 NYMEX12 month light sweet crude oil futures contract was down $ 4.27 at $ 84.44 a barrel, the lowest level since July. ICE Brent crude fell $ 4.25 to $ 106.82 a barrel.
Asian ethylene closed down on Wednesday (November 7) down 5 to 1299-1301 U.S. dollars / ton CFR Northeast Asia, 5 to 1274-1276 U.S. dollars / ton CFR Southeast Asia fell.
Third, local market conditions
PVC market today offer down. Reflects the business the few Inquiry market, the overall transaction is not yet heavy volume.
PVC market in Guangzhou lackluster mainstream price volatility is not temporarily. Ordinary 5-type electric stone mainstream offer 6430-6450 yuan / ton from mentioning Tianchen and Thai and other mid-range 5-type material at 6480-6500 yuan / ton from mentioning; 1000 vinyl material type mainstream newspaper in the 6650-6700 yuan / ton, Taku Type 1000/800 to 6700 yuan / ton from mentioning.
Tianjin PVC market trading atmosphere light turnover tepid. Ordinary 5-type electric stone without tax mainstream 5900-5950 yuan / ton to supply quality slightly higher or slightly lower prices have. Heard merchants reported Yihua material from mentioning 6200 yuan / ton, Taku material type from mentioning 6400 yuan / ton, look at the amount of turnover.
Shanghai PVC market part of the offer down, 5 ordinary stone from mentioning the mainstream price 6380-6450 yuan / ton, Tianchen, days can be expected from mentioning the price of 6390 yuan / ton. Taku material models East to the price of 6750 yuan / ton; Qilu S1000 East to 6650 yuan / ton, S700 East to 6700 yuan / ton, 1050P East to 6500 yuan / ton.
Fourth, the latest offer
Tianjin Chemical PVC offer slightly down 50 yuan, plant operating load is not high, each model ex-factory price of 6500 yuan / ton, look at the amount of turnover, sales in general.
PVC offer little 内蒙吉兰泰 down 50 yuan, the plant starts about 70%, the local factory price of ordinary 5-type electric stone 6200 yuan / ton acceptance, and actually take the goods price can be discussed.
Texas Shihua PVC offer smooth device yesterday resumed driving 5-type material factory at 6480 yuan / ton acceptances, 7/8 reported 6580 yuan / ton acceptance, 3 type material reported 6630 yuan / ton acceptance actual closing slightly lower.
V. outlook forecast
The larger decline in recent ethylene monomer, pulling the ethylene PVC cut prices almost equal to the price of calcium carbide process increasingly fierce market competition. Calcium carbide started a slight decline, along with eighteen during transport problems, around the PVC not rush down to receive price, current market mentality stalemate. Difficult to improve ability to accept the goods. Businesses cautious wait and see, to pay more attention to the late eighteen ability to bring good news to stimulate. PVC market in the short term is expected to more than maintain a narrow range consolidation pattern.
