The hottest PVC weekly review rebounded and the up

2022-08-11
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[PVC weekly review] rebound upward trend picks up

I. this week's market (September 3 to September 7)

this week, the plastic warehouse receipt market continued to decline last week, prices fell again, and the disk situation remained depressed. The impact of crude oil prices rising day by day is extremely limited. According to the market, the air atmosphere is still heavy, there is insufficient buying, and the decline continues to deepen. Although the trend tends to stabilize in the later stage, the declining situation is difficult to change. By Friday, the China Plastics warehouse receipt index was at 1288.63 points, down 10.59 points from the end of last week. PVC warehouse receipts rebounded this week

after a slight decline in PVC warehouse receipts on Monday, they immediately reversed and fluctuated upward, and the price of warehouse receipts rose and fell in each month of late trading. The PVC warehouse receipt index rose 0.46 points, and the trading was OK. PVC rose across the board on Tuesday, with prices surging in the early stage, and some varieties rose by the daily limit. Then the market fell by a narrow margin and leveled off. The index rose 19.34 points. The trading volume on the market was general, and the order volume increased slightly. On Wednesday, the opening price of PVC was mixed, and the disk price gradually fluctuated and rose until the end of the market. At the end of the market, the whole market closed up, and the index rose by 3.99 points. The volume of transactions was obvious. PVC opened slightly lower on Thursday, and the disk price gradually fluctuated and rose. In the late trading, the whole line closed slightly higher, with the index rising 4.61 points, and both volumes decreased. PVC opened low on the whole at the weekend, with buyers pushing up strongly, and prices surging up. At the end of the day, the whole line closed sharply higher, with an increase of more than 100 yuan. The index rose 11.37 points, and the volume of transactions contracted significantly. By the end of Friday, the PVC warehouse receipt index closed at 1295.93 points, up 39.76 points over the weekend. This week, the PVC trading atmosphere was active, and the turnover was slightly lower than that of last week. The average daily trading volume was 1391 tons, a decrease of 343 tons compared with last week. 494 batches were ordered at the weekend, a decrease of 26 batches compared with last weekend

the specific data of a week are as follows:

warehouse receipt variety

settlement price (yuan/ton)

average daily trading volume of PVC warehouse receipts (tons)

total order volume of PVC warehouse receipts (batches)

this weekend

last weekend

rise and fall

this week

last week

increase and decrease

this Friday

last weekend

increase and decrease

pv0709

7650

7597

53 ↑

1391

1734

343 ↓

494

520

26 ↓

pv0710

7635

7477

158 ↑

pv0711

automotive high nickel multi material products in power lithium battery cathode materials were first approved in China Quantity supply and use in power vehicles

7649

7389

260 ↑

II. Comprehensive analysis

international crude oil futures continued to rise this week. Worries about hurricanes, the positive impact of inventory data and the expectation that OPEC would maintain its quota unchanged all supported the daily rise of crude oil prices. As of Friday, the coating on plastic substrate can cure quickly, and WTI and Brent closed at $76.70 and $75.07/therefore, taking it as an indicator barrel of material resistance, they were up $2.66 and $2.38 respectively from last Friday. In terms of spot goods, the ex factory price of PVC domestic petrochemicals generally stabilized, and the price of some brands through craniotomy electrode embedding surgery fell by yuan/ton. The weakness of local markets has not changed, and the quotation is basically stable, with some minor adjustments. Downstream demand has not seen a large volume, the strength of receiving goods is limited, and the wait-and-see atmosphere is strong. Traders reflect that there is great resistance to shipping, their enthusiasm to enter the market is not high, and their operations are cautious. Near the weekend, some quotations have increased slightly, but many market participants believe that this round of price adjustment is basically a replenishment behavior of traders

on the whole, PVC rebounded and rose this week, and the price continued to rise. Although the possibility of rising in the future market still exists, at the same time, the callback demand is also gradually increasing

(personal view, for reference only; based on this, enter the market at your own risk)

source of information: China plastics trading

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

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