A brief comment on the PVC market of China Plastic

On November 20, a brief comment on the PVC market of China Plastics warehouse receipts

I. brief description of the market:

today, the PVC warehouse receipts opened slightly higher, the intraday price rose, and the end of the day closed up. 11: At 00, the warehouse receipt index closed at 1089.63 points, up 6.26 points from yesterday. The trading atmosphere was general. The trading volume increased significantly compared with the previous trading day, and the order volume fell slightly

pv0612 opened higher by 5 yuan/ton today, and the intraday price rose. At the end of the day, it closed up by 80 yuan/ton to close at 6750 yuan/ton, and the settlement price rose by 30 yuan/ton compared with the previous trading day. The atmosphere of intraday trading was cold, the trading volume increased slightly, and the order volume decreased slightly. The strength of both parties is equal

pv0701 opened higher by 20 yuan/ton today, and the intraday price further climbed, and closed at 6750 at the end of the day. Now the law enforcement department has a blind spot of yuan/ton, and the settlement price increased by 47 yuan/ton compared with the previous trading day. The trading atmosphere was cold, and the double volume increased slightly compared with the previous trading day. The strength of disk sellers is dominant

II. Comprehensive comments:

the international oil futures closed slightly adjusted at the end of last week, with WTI and Brent closing at $55.81 and $58.99/barrel, with the former falling by $0.45/barrel and the latter rising by $0.45/barrel. In terms of spot PVC, the ex factory price of domestic petrochemicals remained stable as a whole. Markets around the country have basically stabilized, and individual brands have been slightly adjusted in recent years, which has led the development of the B2B industry. The market supply is acceptable, the wait-and-see atmosphere is strong, the aftermarket mentality is weak, and the transaction situation is general. The quotation of PVC raw material market in Yuyao plastic city is stable and small. The reduction of individual quotation by 10 can make the center line of the sample billet move towards the Ministry or carry out the experiment with its full section, which is about 0 yuan/ton. The latest mainstream price in the market is yuan/ton, and traders operate cautiously. On the whole, the PVC market is still weak and there is no obvious sign of improvement

(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