PVC market remains weak

It is understood that from November 19, 2012, the PVC market continued the dull situation, and the mainstream offer did not change much. The supply and demand side has not changed, the business operation mood is not high, the terminal's purchasing capacity is limited, and trading is bleak. The current mainstream price of vinyl material 6900-7100 yuan / ton, PVC market to maintain the weakness.

I. Upstream Market Overview Friday (November 16) New York Mercantile Exchange West Texas Light Oil December 2012 ** Settlement price US$86.67 per barrel, up US$1.22 over the previous session; London Intercontinental Exchange Burren Special crude oil in January 2012 ** settled at $108.95 a barrel, up $0.94 over the previous trading day.

On Friday (November 16) Asian ethylene closed down 7 US dollars, CFR Northeast Asia 1252-1254 US dollars / ton, CFR Southeast Asia 1225-1227 US dollars / ton.

Second, the local market quotes today PVC market price is weak and the transaction is tepid.

The pvc market in Shandong is gloomy and the transaction atmosphere is dull. Local common materials in the 6250-6300 yuan / ton, acceptance of high 150 yuan / ton, excluding tax prices lower. Ethylene material slightly stagnant, watching the atmosphere is more concentrated.

Tianjin PVC market atmosphere is still light, the offer was confusing. Ordinary calcium carbide reported at 6000-6200 yuan / ton cash, ethylene material reported at 6400-6500 yuan / ton, the competition is relatively fierce.

The PVC market in Hangzhou is still deadlocked and the adjustment is not obvious. At present, all ordinary electric stone material trading offers are heard at 6380-6430 yuan/ton, either high or low, Yihua/Ruiheng/Yuhang/Yili 5 are reported at 6380-6390 yuan/ton, Tianneng materials. Reported 6,420 yuan / ton, high-type models to maintain stable trading.

Third, the latest quotation Jining Jinwei PVC quotation slightly reduced by 50 yuan, the old device started normal, 5 type electric stone factory 6550-6600 yuan / ton acceptance, export low 50 yuan / ton, the implementation of preferential.

Taishan Salted PVC quotation slightly reduced by 50 yuan, the device started 6-7 percent, 5 type electric stone factory reported 6500-6550 yuan / ton acceptance, spot exchange low 150 yuan / ton, the transaction can be discussed.

Xinjiang Zhongtai PVC issued a new quotation and the equipment was under full load. Type 5 electric stone material was released by the South China Expressway at 6,600 yuan per ton, the southwestern outbound library was reported at 6,400 yuan per ton, and the east China warehouse was reported at 6,550 yuan per ton. Actual transactions could be negotiated.

Fourth, the market outlook predicts that the price of calcium carbide is slightly stable, but the release of production capacity in the later period still puts pressure on the market. It is difficult to realize the promotion of PVC cost. The market is still dull due to limited demand, and wait-and-see mood is heavy. Traders cautiously shipped their goods, and the overall construction of the downstream factories was not high. It was necessary to maintain the current buying methods and there was no breakthrough in terms of transactions. It is expected that the PVC market will not be able to improve in the short term.