1、 Price trend

According to the data monitored by the business agency (average ex factory price of carbide SG5), the average price of domestic PVC mainstream was 9240 yuan / ton on November 11, up 30 yuan / ton compared with 9210 at the beginning of the week, up 0.33% during the week and 22.79% compared with the same period last year.

2、 Market analysis

This week, the PVC market stopped falling and rebounded, and the market rose. This week, the disk was strong, the futures price fluctuated and rose, which boosted the rising atmosphere of the spot market. The enterprise quotation was tentatively raised, the market trading atmosphere gradually improved, the focus began to move up, and the offer was more than 9000 yuan. PVC futures rose 2.8% on Monday. The spot market was cautious, covering the decline slightly, the enthusiasm of downstream bargain hunting and replenishment was improved, and the trading was improved; The upward channel was opened on Tuesday, and the futures price continued to rise by 2.84%. In addition, the decline of raw calcium carbide stabilized and the enthusiasm of low price to promote trading, the enterprise offer continued to rise%. Near the weekend, the price of raw calcium carbide rose to 4600 yuan / ton, which further provided strong support for the cost side. Moreover, after the continuous price reduction operation in the early stage, the acceptance of downstream products industry has improved and the purchasing sentiment has improved, But the wait-and-see attitude remains cautious.

In terms of spot, at present, the quotation range of domestic pvc5 electric stone enterprises is mostly around 8800-9650 yuan / ton, and the range of pvc5 electric stone in Hangzhou is 9730-9800 yuan / ton; The mainstream of pvc5 electric stone in Shanghai is 9780-9800 yuan / ton; The mainstream price of PVC ordinary electric stone in Guangzhou is 9600-9750 yuan / ton, and the market price in various parts of China rebounded and rose.

region workmanship 11 / 11 (yuan / ton) 11 / 8 (yuan / ton) Rise and fall remarks

East China Calcium carbide method 9550-9800 9150-9400 + 400/+400 Ex warehouse

south China Calcium carbide method 9550-9750 9300-9550 + 250/+200 Ex warehouse

North China Calcium carbide method 9100-9400 8950-9000 + 150/+400 Delivered

southwest Calcium carbide method 9350-9600 8950-9400 + 400/+200 Delivered

On November 10, the international oil price fell sharply. The settlement price of the main contract of WTI crude oil futures in the United States was US $81.93/barrel, down US $2.81 or 3.3%, and the settlement price of Brent crude oil futures was US $83.43/barrel, up US $2.14 or 2.5%. At the macro level, the sharp rise of the US dollar has depressed the valuation of oil prices. In addition, under the background of inflation expectations, the Biden government is looking for ways to reduce energy prices, and oil prices are under pressure in the short term.

Ethylene, November 10, US ethylene market, FD US Gulf quoted us $806-824 / ton, November 10, European ethylene market, FD northwest Europe quoted us $1223-1233 / ton, down US $1 / ton, CIF northwest Europe quoted us $1190-1198 / ton, down US $6 / ton, November 10, Asian ethylene market, CFR Northeast Asia quoted us $1156-1166 / ton, CFR Southeast Asia quotation: USD 1071-1081 / ton. Rising international oil prices and sustained global economic recovery support energy demand. Cost support is conducive to the rise of ethylene market, so the data analysts of business society expect the external price of ethylene to rise next.

On November 11, the factory price of calcium carbide in the northwest rose, the price of blue carbon in the upstream fell sharply, the cost support weakened, the PVC market in the downstream stopped falling and rose, and the demand for calcium carbide strengthened.

3、 Future forecast

PVC analysts of business society believe that at present, the disk is strong and volatile, the rise of PVC futures prices and the recovery of raw materials drive the rising atmosphere of the spot market, the enterprise offer is steadily increased, the market trading atmosphere is improved, and the PVC market is warmer. It is expected that PVC may maintain a volatile upward trend in the short term.