A brief comment on the PVC market of China Plastic

On November 15, a brief comment on the PVC market of China Plastics warehouse receipts

I. brief introduction of the market:

today, the PVC warehouse receipts are open and go flat, and PU materials can be processed in liquid form, and the daily K-line chart can be closed. 11: At the close of 00, the warehouse receipt index closed at 1089.88, unchanged from yesterday. The trading atmosphere was colder, the trading volume fell slightly compared with yesterday, and the order volume increased slightly

pv0612 opened flat today, and the intraday price remained at the end of the day, closing at 6700 yuan/ton, with the settlement price unchanged from yesterday. The intraday trading atmosphere remained in the early stage, the trading volume was unchanged from yesterday, and the order volume fell slightly. The strength of disk sellers is dominant

pv0701 also leveled at the opening today. The intraday price remained at the end of the day and closed at 6700 yuan/ton. The settlement price was unchanged from yesterday. The trading atmosphere was cold, the trading volume fell slightly, and the order volume increased slightly. The strength of both parties is equal

II. Comprehensive comments:

international crude oil fell slightly, with WTI and Brent closing at 58.28 and 58.84 dollars/barrel, down 0.30 and 0.21 dollars/barrel respectively. In terms of PVC spot goods, the ex factory price of domestic petrochemicals remained stable as a whole, and the price of individual brands decreased slightly, with a range of about 50 yuan/ton. Research progress of graphene composites in supercapacitors markets around the world are mainly stable, and some regions are slightly lower. With the slight reduction of the surrounding upstream prices, some midstream companies have low intention to take goods recently, while the downstream market entry intention is weak, the terminal transaction is weak, and the overall market mood is poor. The PVC raw material market quotation of Yuyao plastic city is still stable today after the reduction of individual brands yesterday afternoon. The latest mainstream market price is yuan/ton, and there is no obvious volume of market transactions. On the whole, the fundamental support is insufficient, and the rebound of PVC is weak

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

information source: China plastics trading

note: this reprint content is noted in the source of the amplifier unit plus a DC input signal (realized through the workstation). 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