A brief comment on the PVC market of China Plastic

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On October 23, a brief comment on the PVC market of China Plastics warehouse receipts

I. brief description of the market:

affected by the sharp decline of the international oil futures over the weekend, the PVC warehouse receipts opened sharply lower today and closed down in the late trading. 11: At 00, the warehouse receipt index closed at 1105.14 points, down 11.66 points from the previous trading day for more than a year. The trading atmosphere improved and both volumes increased

pv0610 opened sharply lower today, and the intraday price remained at the end of the day, closing at 6900 yuan/ton. The settlement price was 100 yuan/ton lower than yesterday. The trading atmosphere was more active, the trading volume increased significantly, and the order volume was the same as that of the previous trading day. The disk seller is dominant

pv0611 opened slightly lower today, and the intraday price remained at the end of the day. At 684, the development of bio based plastics was 50 yuan/ton, and the settlement price was 50 yuan/ton lower than yesterday. The trading volume decreased slightly, the order volume increased slightly, and the power of the two twists and turns of the disk trading was equal

II. Comprehensive comments:

over the weekend, the international futures fell sharply, with WTI and Brent closing at $56.82 and $59.68 per barrel, down $1.68 and $1.19 per ton respectively. Ethylene prices in Asia continued to fall. In terms of PVC spot, the ex factory price of domestic petrochemicals remained stable, and individual prices decreased slightly. The opening of local markets remained stable, the overall atmosphere was general, the downstream demand was still not amplified, the market mentality was different, the wait-and-see atmosphere was strong, and the transaction did not change significantly. The quotation of PVC raw material market in Yuyao plastic city was stable and the transaction was poor

in general, the disk market is still depressed, and the decline of international crude oil has a significant impact on the market mentality

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

source of information: the products of Anhui Xiangbang composite material Co., Ltd. of China plastics trading company have been successfully applied to the aerospace and aviation fields

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

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