Price Trend
According to the data monitored by business associations (the average price of SG5 manufactured by calcium carbide method), domestic PVC quoted 6755 yuan/ton on August 19, and domestic PVC quoted 6705 yuan/ton on August 23. The overall price fluctuation ranges from 50 to 100 yuan/ton, with an overall decline of 0.74%. This week, PVC market consolidation is dominant.
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II. Cause Analysis
Product aspect: This week, the price of PVC futures fell, driving the spot price to follow the trend. The actual delivery atmosphere of spot is not high. Businessmen are forced by the pressure of delivery, so that the phenomenon of profit delivery is obvious, but the on-site trading market is general. Downstream products enterprises due to environmental protection and poor exports and other factors, most of the factories are not high start-up rate and inventory, maintain just in need of procurement, volume has not been released, the PVC market maintained a range of shocks. As of August 23, according to the data of business associations, the mainstream domestic price range of PVC is 6460-6900 yuan/ton.
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Industry: On August 23, the rubber and plastic index was 674 points, down 3 points from yesterday, down 36.42% from the highest point of 1060 points in the cycle (2012-03-14), up 17.01% from the lowest point of 576 points on December 21, 2015. (Note: Cycle refers to 2011-12-01 to date) This week, commodity market is mainly narrow consolidation, the overall trend of rubber and plastic industry is weak downward.
3. Future Market Forecast
Business Association PVC analysts believe that: recently, demand for PVC terminals has just been the main demand, the actual trading of PVC market is general, the start-up rate of raw plant enterprises is stable, the overall market supply and demand is weak, resulting in narrow consolidation of the PVC market. PVC market consolidation is expected to dominate in the short term.
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