Market trends of the PVC market on June 16
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Upstream market: The closing price of international crude oil on June 12 was as follows: the July futures price for crude oil on the NYMEX in New York settled at $59.52 per barrel, a decrease of $0.44 per barrel. The closing price of July futures for London Brent crude oil was $62.61 per barrel, down $1.26 per barrel. Ethylene prices in Asia remain stable, at $1,419–$1,421 per ton CFR Northeast Asia, the same as the previous trading day ； CFR Southeast Asia is $1,429–$1,431 per ton, unchanged from the previous trading day. Today, the domestic calcium carbide market is operating at low levels. Current calcium carbide prices across different regions: 2,800–3,000 yuan per ton in the East China region ； South China: 3,500–3,600 yuan/ton ； North China: 2,700–2,900 yuan/ton ； Northeast China: 2,900–3,000 yuan/ton ； Central China: 2,800–3,000 yuan/ton ； Northwestern region: 2,100–2,200 yuan/ton ； In the southwest region, it is 2,800–3,000 yuan per ton. Spot Market 1. Supply side: Upstream manufacturers continue to reduce prices, with traders following suit slightly. 2. On the demand side: there is essential replenishment by downstream customers, and transaction volume is average. Futures market: The main contract for Dalian futures, 1505, closed at 5,515 yuan, up 5 yuan or 0.09%. On the Bohai Exchange, the spot price of PVC in Shandong closed at 5,788 yuan, down 22 yuan or 0.39%. Market outlook: Today, the domestic PVC market remained sluggish; futures prices fluctuated within a narrow range, with average trading volume. In terms of spot markets, the supply of goods has increased; traders are selling at a moderate pace, with most transactions involving slight price reductions. The overall trend remains downward. The price of ethylene remains stable, with strong cost support; there is little room for significant declines in the short term. It is expected that PVC as a whole will show a weak trend in the near future. Source: PEC Information Network: http://www.pecinfo.net/newscenter/detail-700000-2015061600504.shtml
Today, the domestic PVC market remained sluggish; futures prices fluctuated within a narrow range, and trading activity was average. In terms of spot markets, the supply of goods has increased; traders are selling at a moderate pace, with most transactions involving slight price reductions. The overall trend remains downward. The price of ethylene remains stable, with strong cost support; there is little room for significant declines in the short term. It is expected that PVC as a whole will show a weak trend in the near future.