Brief introduction to the one week market of the h

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A brief description of the one week market of China Plastics spot PVC (October 15 - October 19)

this week, China's plastic price index fluctuated and fell. Although it recovered at the weekend driven by warehouse receipts, and then press the OK key to enter, but the range was very small. As of Friday, China's plastic price index was 1255.43 points, down 1.92 points from the same period last week; The China Plastics spot index rose first this week and then fell. On Friday, the index was 1230.28 points, down 0.26 points from the same period last week when LANXESS built a new high-performance material production plant

I. upstream situation:

this week, the international oil market has heated up sharply, and the international futures oil price has repeatedly broken records, reaching $90. The main positive factor is the volatile geographical situation in Turkey and Iran, while the weakening of the dollar and the expectation of tight supply in the future also provide strong support for the market. Although there was a correction in the middle of the week and the weekend due to the impact of inventory data and profit taking, the range is small, far less than the rise. By Friday, wti-11 crude oil was at $8.60/barrel, up $4.91 from last week, and Brent's December contract was at $83.79/barrel, up $3.24 from last week

the quotation in the Far East ethylene market this week was narrow. On the other hand, the price fell. On Friday, the FOB quotation in South Korea was $1205/ton, down 5 points

II. Market situation:

the PVC market continued to decline slightly this week. The transaction atmosphere in the market has been depressed. The number of downstream enterprises receiving goods is limited, maintaining the rhythm of small purchases. Traders have a poor mentality and mostly wait-and-see. The quotation reduction of upstream factories is common, but due to cost support, the range is limited. The mentality of market participants is relatively pessimistic, and they are generally bearish on the future market, mostly short-term operations of light positions

throughout the markets, this week, due to the influence of factors such as the gradual southward supply of goods in the north of East China and the new expansion of manufacturers, the price continued to decline, with a range of about 100 points. By the end of the week, the mainstream quotation of ordinary calcium carbide was yuan/ton, and that of ethylene was yuan/ton; The overall market performance in South China is still depressed, the price is also slightly weakened, the transaction is fruitless, and the operation of merchants tends to be cautious. At the weekend, the mainstream price of ordinary electric stone was reported as a whole at yuan/ton, while that of ethylene method was at yuan/ton, and it was heard that there was a slightly lower transaction price, so the trading situation in the market was difficult to be optimistic; Market prices in North China also fell significantly, mainly due to the impact of transactions and operations in the southern market. By the end of the week, ordinary electric stone materials are concentrated at yuan/ton, and ethylene materials are at yuan/ton

the PVC market in Yuyao China plastic city was flat this week, and the price fell. At the weekend, the mainstream quotation of ethylene general powder was yuan. Among them, Shanghai chlor alkali WS is 8450 yuan, Qilu Petrochemical s is 8400 yuan, Suzhou HuaSu hs1000 is 8200 yuan, Tianjin Dagu slk1000 is 8200 yuan, and Tianjin LG LS100 is 8450 yuan. In this period, the market continued the previous downturn, with weak transactions and low popularity. From the fundamental point of view, there are many negative factors in the current market, and the biggest negative factor is the continued weakness of terminal demand. Secondly, Shanghai chlor alkali began to reduce the ex factory price, which suppressed the market price, and the inventory pressure of other manufacturers is also gradually increasing. It is not known how long it can last. Therefore, in this situation, the number of bears in the future market has gradually increased, and merchants have gradually increased their efforts to ship goods, and the phenomenon of low price promotion has increased

III. next week's trend:

generally speaking, the PVC market has been in a continuous downturn recently, and upstream factories have to make ex factory quotations due to inventory pressure, but subject to cost pressure, the reduction range is relatively limited. The shipping resistance of traders continues to increase. At present, market participants are generally bearish about the future market. It is expected that the PVC market will still be difficult to get out of the weak pattern under the current situation of no positive

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