The hottest PVC real estate market is strictly con

2022-08-09
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[PVC] the real estate market strictly controls the continuation of market weakness

I. brief introduction to the market

the fundamentals and external incentives are limited, and the PVC market atmosphere is relatively weak. As the Dragon Boat Festival holiday is approaching, although businesses are more flexible in operation, the downstream enterprises' intention to receive goods is still poor, with weak trading and a total output of about 80million tons. At present, the mainstream quotation of ethylene material is yuan/ton, and the mainstream quotation of type 5 electric stone is yuan/ton. The actual transaction can be negotiated

II. Overview of the upstream market

crude oil futures on the New York Mercantile Exchange (NYMEX) closed slightly higher on June 19, as the market expected that the Federal Reserve would announce some form of economic stimulus after the monetary policy meeting on Wednesday. NYMEX July crude oil futures closed up 76 cents, or 0.9%, at $84.03 a barrel. Ice August Brent crude oil futures closed down $0.29, or 0.30%, at $95.76 a barrel

on Tuesday, ethylene in Asia both rose, CFR Northeast Asia rose 16 to US dollars/ton, and CFR Southeast Asia rose 5 to US dollars/ton

III. local market conditions

today's PVC market quotation is stabilizing. The business mentality is mainly wait-and-see, the operation is cautious, and the negotiation atmosphere is weak

to solve the employment problem and improve product competitiveness

the PVC market in Foshan is not performing well and the trading focus is unstable. Ordinary electric stone materials are reported to be delivered at yuan, Jinlu materials are reported to be 6680 yuan/ton, and a small amount of ethylene materials are reported to be stable. Continue to digest the supply at a low level, and some are still bearish on the market

the PVC market in Shantou was collated horizontally, and the operation was more cautious. The quotation of ordinary electric stone is RMB/ton, and the slightly lower price still exists. There is still operation without tax. The quotation of ethylene material is about 6900 yuan/ton, and the implementation is slightly flexible

Henan PVC market is moving forward slowly and steadily, with small orders following the transaction. The general electric stone market offers at yuan/ton, the acceptance is slightly higher, and the type 3 is higher than 100 yuan/ton. There are many operations excluding tax, and some materials from Shanxi and Inner Mongolia also flow in

IV. in terms of the latest quotation

the quotation of Inner Mongolia Jilantai PVC is stable, about 90% of the plant has been started, the 5-type electric stone is accepted at 6400 yuan/ton from the local factory, and the spot exchange spring testing machine is slightly lower in operation and use, so it is actively traded and shipped

the quotation of Shanxi Yangmei chlor alkali PVC was slightly reduced by 50 yuan, about 50% of the plant was started, the ex factory price of type 5 material was 6500 yuan/ton for acceptance, and the cash exchange was low yuan/ton, so the operation was flexible

the quotation of PVC in Dongyue, Shandong Province is stable, and the device is produced at full capacity. The ex factory quotation of type 5 electric stone in the province is 6650 yuan/ton for acceptance, the ex factory quotation outside the province is 6600 yuan/ton, and the spot exchange is about 150 yuan lower. New orders are mainly implemented and transactions are actively carried out

v. future forecast

the Greek problem has been alleviated. The main focus of the market is the Federal Reserve interest rate meeting. At present, it is generally expected that the United States will extend the reversal operation. Domestically, the Ministry of housing and urban rural development will continue to firmly grasp the regulation of the real estate market, actively cooperate with the financial sector, and continue to strictly implement the differentiated housing credit policy. In terms of market, businesses and downstream enterprises are more wait-and-see, and replenishment is more cautious. The terminal demand continued to be sluggish and the transaction was flat. It is expected that the PVC market may still be dominated by narrow consolidation in the short term

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