PVC prices are not easy to fall in the short term downstream demand still support

2024-03-07 18:05:27 0

Futures, PVC prices sharply down driven spot price trend, May 20 V2109 contract opening price: 9005, the highest price: 9010, the lowest price: 8755, open position: 383126, settlement price: 8870, yesterday settlement: 9115, down 245.

On May 20, the futures price fell, driving the spot market price to drop, the company's offer is loose, mostly to 50-150 yuan/ton range narrow adjustment, but the overall market decline is not large, the holder of the inventory has a profit, the point price shipment, the price is still high.

In terms of spot, at present, the mainstream quotation range of domestic PVC5 calcium carbide is mostly around 9150-9400 yuan/ton. Hangzhou area PVC5 carbide range 9150-9200 yuan/ton; Changzhou area PVC5 type carbide mainstream 9200-9300 yuan/ton; The mainstream price of PVC ordinary permolite in Guangzhou is 9300-9380 yuan/ton; Market prices are going down everywhere.

At present, under the guidance of macro policies, the price of nearly 100 kinds of raw materials collectively "diving", the market gradually returned to rationality, PVC futures prices fell sharply, superimposed high prices, exports and other bearish factors, and PVC spot market prices fell, but in May the maintenance device is more concentrated, the loss is large, the supply side is expected to tighten, and the downstream demand is still supported. Favorable factors are still there, so PVC is not easy to fall deeply, and rational pullback should not be too pessimistic.

At present, in the guidance of macro policies, the market gradually returns to rationality, the disk is weakening, the combination of high prices and other bearish factors, and the price of PVC market is falling, but the supply side is expected to tighten, downstream demand is still supported, so PVC is not easy to fall, it is expected that the PVC market will continue to decline in the short term.

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