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PVC market trends on July 1

2015-07-03View Original

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The last edit to this post was made by Their crimes have finally come to light on 2015-7-3 at 15:55. Upstream Market: The closing price of international crude oil on June 30 was $59.47 per barrel for the August futures contracts traded on the NYMEX in New York, an increase of $1.14 per barrel. The closing price of August futures for London Brent crude oil was $63.59 per barrel, up $1.58 per barrel.   Ethylene prices in Asia have fallen, with CFR Northeast Asia at $1,389–$1,391 per ton, a decrease of $10 per ton ; CFR Southeast Asia is $1,349–$1,351 per ton, the same as the previous trading day.   Today, the domestic calcium carbide market is operating at low levels. Current calcium carbide prices across various 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: 2,050–2,150 yuan/ton ; In the southwest region, it is 2,800–3,000 yuan per ton. Spot Market   1. Supply side: Upstream factories have seen a slight recovery, and traders have raised prices slightly when selling goods.   2. On the demand side: a strong atmosphere of caution among downstream parties. Futures Market: The main contract for Dalian futures, 1505, closed at 5,645 yuan, up 125 yuan or 2.26%.   On the Bohai Exchange, the spot price of PVC in Shandong closed at 5,600 yuan, up 100 yuan or 1.82%. Brief analysis of future market trends: Today, the domestic PVC market showed a slight recovery; futures prices opened high and continued to rise, with improved trading activity. On the spot market side, due to the price increases at factories in the northwest, traders face higher costs for purchasing goods, which drives up prices. Demand from downstream sectors remains moderate, and there is no significant increase in transactions. It is expected that PVC prices will remain stable with slight adjustments in the short term.
Reply #22015-07-03
Crude oil is not seeing much fluctuation, so PVC is unlikely to experience significant changes either.

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