After the holiday return to the PVC market to wait and see

First, the market outlined the return of holiday, crude oil, poor performance, lack of popularity in the PVC market. Businesses are more likely to wait and wait for the market to be more clear. Downstream demand is slow to recover, and inquiries are limited. The current mainstream price of vinyl material is 7200-7450 yuan/ton, and the mainstream price of type 5 electric stone material is 6800-7200 yuan/ton. The actual transaction can be negotiated.

Second, the upper reaches of the market description of the market data showed on Friday, the New York Mercantile Exchange, November light crude oil price fell 1.83 US dollars, closing at US $ 89.88; London ICE Europe ** Exchange in November delivery of the North Sea Brent crude oil prices fell 0.56 US dollars to close at 112.02 US dollars a barrel.

On Friday (October 5th) Asian ethylene closed down 2 US dollars, CFR Northeast Asia 1336-1338 US dollars / ton, CFR Southeast Asia 1376-1378 US dollars / ton.

Third, the market quotes around the market today PVC firm. Business attitudes are more likely to be wait-and-see, with caution.

Xiamen PVC market continues to be flat and the atmosphere is weak. Ordinary type 5 electric stone mainstream report 6650-6700 yuan / ton since mentioning, higher prices are limited transactions.

The PVC market in Shanghai is lightly traded, and traders offer little. Type 5 ordinary stone materials from the mainstream quoted price of 6550-6600 yuan / ton. Heard the news of local businesses to pick up materials since the mention of 6580 yuan / ton, ethylene material shipments are not good, large dumplings 1000 East to 7100 yuan / ton, 700,800 East China to 7150 yuan / ton.

The Tianjin PVC market has a strong wait-and-see mood and the overall trading situation has not changed much. Ordinary type 5 electric stone without tax mainstream 6100-6160 yuan / ton to the delivery of different quality, slightly higher or lower prices are there. It was heard that merchants reported that they should pick up materials at 6,450 yuan/ton.

Fourth, the latest quotation Henan Xinxiang PVC quoted steady, full-load production start of the device, type 5 ordinary electric stone local factory price 6660 yuan / ton acceptance, type 3 local offer 6760 yuan / ton acceptance, 2500 type local quote 7800 yuan / ton Acceptance, spot exchange is low by RMB 200/ton, and the transaction can be negotiated.

Hebei Shenghua PVC price reduction of 100 yuan, the device starts to maintain stability, ordinary type 5 electric stone factory price 6500 yuan / ton acceptance, type 3 price is 100 yuan / ton, cash flow is generally low 100 yuan / ton, the actual transaction can be discussed .

Shandong Dongyue PVC quotation is stable, and the equipment is basically full-loaded. Type 5 material in the province is reported to be 6,700 yuan/ton, and the actual turnover is slightly lower.

5. In the macro aspect of market outlook forecast, China's Manufacturing Purchasing Managers' Index (PMI) was 49.8% in September and rose by 0.6 percentage points month-on-month. Prior to HSBC China PMI data, China’s September preview was 47.8, which was higher than the August PMI. The value of 47.6 picked up slightly. During the National Day, international crude oil prices fell sharply, and petrochemical commodity support was weakened. The first day after the PVC market was opened, the company was restricted by poor shipments, and during the holiday season, it took a small profit. However, the new price of some companies has not yet been clearly introduced, so the market turnover is relatively slow and the actual transaction is limited. It is expected that in the short term, the PVC market will be operating stably, and the market will not change much.