1、 Price trend

According to the data monitored by the business agency, the price of PVC carbide SG5 fell sharply within 7 days. On June 20, the average price of domestic PVC was 8385 yuan / ton, and on June 27, the average price was 7472.5 yuan / ton. The price fell by 10.88% within 7 days.

2、 Market analysis

Recently, the PVC domestic spot market continued to decline, and the futures price fell for 13 consecutive working days, dampening the sentiment of the spot market. At present, the confidence of PVC spot market is still insufficient. Downstream enterprises and traders are in a strong wait-and-see mood. They are cautious in taking goods, have a weak willingness to purchase, and have a poor delivery in the PVC spot market. As of the 27th, the quotation range of domestic pvc5 electric stone is mostly around 7050-7800 yuan / ton. The quotation of Inner Mongolia and Xinjiang is relatively high, around 7700-7800 yuan / ton.

International crude oil. On June 27, the price of international crude oil futures rose. The settlement price of the main contract of WTI crude oil futures in the United States was US $109.57/barrel, up US $1.95 or 1.81%; The settlement price of the main contract of Brent crude oil futures was US $110.98/barrel, up US $1.88 or 1.72%. The market is mainly affected by the expectation of supply tightening.

Ethylene, internationally, on June 27, Asian ethylene market, CFR Northeast Asia quoted 981 US dollars / ton; CFR Southeast Asia quotation is USD 1101 / ton. On June 27, the U.S. ethylene market was $572 / ton. Recently, the U.S. ethylene market has been stable with average demand. As of the 27th, the domestic ethylene market price was around 7900 yuan / ton. Manufacturers’ shipping atmosphere was light, and the main force maintained a cautious offer.

As for calcium carbide, as of the 27th, the average ex factory price of mainstream manufacturers of calcium carbide was 3833.33 yuan / ton. Within 7 days, the factory price of calcium carbide manufacturers fell slightly. The price of raw material blue carbon fell slightly, the cost support of calcium carbide weakened, but the downstream PVC market fell slightly, the downstream demand weakened, and the power for calcium carbide to rise was insufficient. In the future, it is predicted that the price of calcium carbide in Northwest China may fall in a narrow range in early July.

3、 Aftermarket forecast

PVC analysts of business club believe that at present, PVC is in the off-season, domestic demand is weak, and market transactions are poor. The accumulated inventory is obvious, the market confidence is insufficient, the downstream is cautious in taking goods, and the operating rate is not high. It is expected that the PVC market will be weak and stable in the short term.