Plastic: Today’s market summary and outlook for tomorrow

Today, the overall transaction of the domestic PVC market is flat, the futures price rises, the advantage of base margin reporting gradually disappears, the spot price rises slightly with the futures price, the factory quotation is temporarily stable, PVC enterprises have strong intention to receive orders, the purchasing enthusiasm of terminal enterprises is general, and the focus of the main market price moves slightly up.East China PVC market price center of gravity is slightly up, the futures are strong shock, but the spot atmosphere is general, the market point price advantage is reduced, some one price is slightly increased, but the high price is difficult to deal, the terminal downstream stock is not much, some arbitrage operators mainly take goods.The mainstream transaction range of Type 5 Electric Stone East China Cash Warehouse is 8450-8550 yuan / ton.East China ethylene method PVC market does not change much, the spot business quotation is slightly adjusted, the actual order negotiation, the downstream to maintain just need to purchase.Liancheng sent to the offer is 9050-9100 yuan / ton, Taiwan plastic reference is about 9100 yuan / ton.Qilu sent to the reference 8850-9150 yuan / ton.The PVC market in Guangzhou moved slightly up today, the downstream procurement enthusiasm is not high, the futures price went up, the spot report part slightly up, the base margin advantage gradually disappeared, a price order part small profit, the downstream continue to purchase.The mainstream transaction range of ordinary type 5 electric stone is 8480-8580 yuan / ton.The price of ethylene method is temporarily stable, Jiahua 8600 yuan / ton, Wanhua 1000 spot report 8650 yuan / ton around, Dagu Guangzhou is out of stock in the market.The PVC market atmosphere in North China improved, futures rebounded, spot transactions improved, and prices rose slightly.Hebei is now sent to 8250-8300 yuan / ton, Shandong is now sent to 8350-8400 yuan / ton.

Forecast: spot fundamentals are not obvious, short-term PVC production enterprise start load is not expected to change much, some PVC enterprises recently received orders before and after the Spring Festival; the current downstream stock enthusiasm is not high, low acceptance of high price, with the downstream enterprises gradually stop at the end of the holiday, the market just needs to turn weak expectations.Electrostone price short-term downside space is limited, PVC spot cost end is still in support.Industries still need to pay attention to the follow-up terminal enterprises before the Spring Festival stock preparation situation and the change of calcium carbide costs.It is expected that the domestic PVC market will be mainly weak and volatile next week, and the East China SG-5 price fluctuation range may be at 8300-8500 yuan / ton.


Post time: Jan-17-2022