A brief introduction to the one week market of the

2022-08-22
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A brief description of the one week market of China Plastics spot PVC (September 24 - September 28)

this week, China's plastic price index first suppressed and then increased, the inertia fell at the beginning of the week, and then rebounded driven by warehouse receipts, with small changes. As of Friday, China's plastic price index was 1258.20 points, up 0.18 points compared with the same period last week; The China Plastics spot index surged this week, reaching 1227.60 points on Friday, up 2.36 points from the same period last week

I. upstream situation:

the international oil market fluctuated widely this week. At the beginning of the period, affected by the dissipation of the shadow of the tropical storm, the resumption of oil production in the Gulf of Mexico and the weakening signal of the U.S. economy, the futures oil price fell for two consecutive days and returned to below $80. Then, driven by the weakening of the U.S. dollar and hedge funds, it rebounded again. On Thursday, there was the largest one-day increase in eight months, and on the weekend, it was again affected by profit taking, But the price is still high. By Friday, wti-11 crude oil for materials with large deformation was reported to be $81.66/barrel due to excessive deformation, up $0.04 from last week, and Brent's November contract was reported to be $79.17/barrel, down $0.13 from last week

the quotation in the Far East ethylene market fell slightly this week. On Friday, the FOB quotation in South Korea was $1250/ton, down 10 points

II. Market situation:

this week, the domestic PVC market basically maintained a downward trend, with little change in the mainstream price. Due to cost support, at present, domestic upstream factories basically have no intention to reduce prices before the holiday, while the downstream bearish mentality is heavy. Although there are individual positions, the market demand has not been significantly large, which has little impact on the overall trend. Looking at the local markets, at present, the price gap across the country is no longer obvious. The two major mainstream markets in East China and South China have adjusted slightly, while the northern market, which has a relatively small reduction in the early stage, has a slightly larger range. Other non mainstream markets such as the northwest region are also facing certain pressure. Prices are adjusting with the market, and the transaction situation is generally poor

by the end of the week, the price of ordinary electric stone in South China was mostly in yuan/ton, which was basically the same as that of last weekend, but some high prices became more and more difficult to clinch deals. The quotation of middle-grade materials such as Xinjiang was in 7750 yuan/ton, while the quotation of high-grade powder such as Jinlu was about yuan/ton. Traders reported that the downstream had little intention of taking goods because of their small orders; At present, most of the electric stone materials in East China are self picked up at about 7600 yuan/ton, both slightly lower and higher. Some Shandong manufacturers send goods at 7650 yuan/ton, and there are not many sources of high models. Some type 3 automatically print experimental reports at about 7800 yuan/ton; The price in northern China shows a slight downward trend. At present, the market prices in Shandong and Hebei are mostly around yuan/ton. Due to the shipping pressure, the actual delivery price of Shandong manufacturers is mostly 7500 yuan/ton, and the price outside the province will be 100 yuan/ton lower. Although Hebei manufacturers also insist on leaving the factory at 7500 yuan/ton, the signing situation of this price is not ideal; The price performance in Sichuan is OK, and the prices of some local enterprises also fell slightly this week. At present, the quotation for the delivery of type 5 materials from Jinlu, Yibin and other large factories in Sichuan is reduced to 7700 yuan/ton, and the actual large shipping households can be slightly lower. The manufacturer said that there were not many orders, and the inventory began to increase, while places such as Yunnan and Guizhou were basically in line with the market. Some enterprises said that the delivery of goods in South China decreased slightly due to freight and other reasons; Since most enterprises in Shanxi, Inner Mongolia and other provinces ship goods outside of East China, South China and North China, the price will also be adjusted accordingly. At present, Shanxi enterprises generally offer no more than 7300 yuan/ton to the north, while enterprises in Inner Mongolia and other enterprises in East China and South China quote yuan/ton for car boards, and the local digestion is less, so the price is also slightly higher about 100 yuan/ton; In Central China, such as Wuhan, the general electric stone is barely 7600 yuan/ton, and most low-grade materials are below this price, while the material price of Hunan Zhuhua will be slightly higher; The factory output of manufacturers in Henan is still maintained at yuan/ton without high-speed computer sampling, and the actual shipment depends on the size of the order; Although manufacturers in Northeast China maintain the quotation of more than 7600 yuan/ton, according to local manufacturers, the downstream demand in this region has begun to weaken gradually, and some enterprises have successively shipped to the south. In addition, Qihua's parking and Siping Haohua's maintenance have also reduced the sales pressure in this market to a certain extent

III. trend next week:

due to the pre holiday effect, the market has been relatively calm recently. Although the current social inventory pressure is not large, the demand has been sluggish due to the downturn in the product industry, and the market continues to be light. It is estimated that this situation will be maintained until the long holiday. As for the trend after the National Day holiday, it depends on whether the market will have a more obvious adjustment during the long holiday. However, at present, the overall mentality of market participants is still bearish on the market after the holiday

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