Price Trend
According to the data monitored by business associations (the average price of SG5 manufactured by calcium carbide method), domestic PVC quoted 6758 yuan/ton on April 15, and domestic PVC quoted 6725 yuan/ton on April 19. The price of PVC declined by 50 yuan/ton, or 0.48%, and the market of PVC was weak.
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II. Cause Analysis
Products: The demand for infrastructure downstream this week is general, the spot market climate of PVC is not warm, the actual volume is low, the inventory of PVC manufacturers is low, there is no inventory pressure. Downstream purchasers mainly wait-and-see attitude, to meet just needed procurement. At the same time, this week’s weak decline in futures led to a weak domestic PVC market this week, as of April 19, the mainstream domestic PVC quotation range of 6600-6900 yuan/ton.
Industry: On April 19, the rubber and plastic index was 743 points, down 2 points from yesterday, down 29.91% from the highest point of 1060 points in the cycle (2012-03-14), and up 28.99% from the lowest point of 576 points on December 21, 2015. (Note: Cycle refers to 2011-12-01 to date) Commodity market consolidation is the main trend of the rubber and plastic industry, a small shock.
3. Future Market Forecast
PVC analysts of business associations believe that the demand for PVC terminals is difficult to make a big improvement in the near future. The overall inventory of the PVC market is at a low level, market transactions are cold, market consolidation is expected to dominate, supply and demand game dominates price trend, and the mainstream price of PVC 5 is expected to be 6500-7000 yuan/ton.
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