Price Trend
According to the data monitored by business associations (the average price of SG5 manufactured by calcium carbide method), domestic PVC quoted 6650 yuan/ton on June 10, and domestic PVC quoted 6625 yuan/ton on June 14. The price of PVC declined by 50 yuan/ton, or 0.38%, and the market of PVC was in full operation.
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II. Cause Analysis
Product aspect: The demand for infrastructure downstream this week is general, the delivery atmosphere of PVC spot market is not good, the actual volume is weak, the futures are narrow fluctuation, the spot fundamentals have not changed much, and the trading atmosphere of the spot market is cold. At the same time, the upstream raw material calcium carbide market is running weakly and the raw material support is insufficient. To sum up, the domestic PVC market is narrowly consolidated this week. As of June 14, the mainstream domestic PVC quotation range is 6550-6800 yuan/ton.
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Industry: On June 14, the rubber and plastic index was 691 points, down 2 points from yesterday, down 34.81% from the highest point of 1060 points in the cycle (2012-03-14), and up 19.97% from the lowest point of 576 points on December 21, 2015. (Note: Cycle refers to 2011-12-01 to date) This week commodity market shocks fell, the overall trend of the rubber and plastic industry weakened downward.
3. Future Market Forecast
PVC analysts believe that the demand for PVC terminals is difficult to improve significantly in the near future. Spot stock of PVC market has increased, market transactions have been cold, macroeconomic overall weak operation. It is expected that the weak market will dominate in the short term. Supply and demand game dominates the price trend. It is expected that the mainstream price of PVC 5 will be 6500-6800 yuan/ton.
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