PVC trading is tepid, market consolidation, price trend

According to the data monitored by business associations (the average price of SG5 manufactured by calcium carbide method), domestic PVC quoted 6722 yuan/ton on August 5, domestic PVC quoted 6705 yuan/ton on August 9, and the overall price fluctuation ranged from 50 to 100 yuan/ton, with an overall decline of 0.26%. This week, PVC market consolidation was the main trend.

II. Cause Analysis

Product: This week, the price of PVC futures fell first and then rose, driving the spot price to follow the trend of the market. The actual spot delivery atmosphere is not warm, resulting in narrow price consolidation of PVC. Narrow price volatility, downstream buyers wait-and-see attitude, just need to purchase, as of August 10 domestic mainstream PVC quotation range 6550-6900 yuan/ton.

Industry: The rubber and plastic index was 678 on August 9, up 1 point from yesterday, down 36.04% from the peak of 1060 in the cycle (2012-03-14), up 17.71% from the lowest point of 576 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

PVC analysts believe that the demand for PVC terminals is just in demand in the near future. The actual trading of PVC market is general and macroeconomic stability is maintained. In the short term, PVC market consolidation is expected to dominate. Supply-demand game dominates the price trend. The mainstream price of PVC 5 is expected to be 6500-7000 yuan/ton. Mainly