According to data monitored by the business society (the average price of ssg5, the average domestic pvc price was $8670 per ton on 15 may, a decline of $30 per ton of 8,700 yuan per ton at the beginning of the year, a decline of 0. 34 per cent over the same period last year, and 6. 05 per cent over the same period。
Situation analysis
The return of the 5-1 holiday period, the aggressive operation of the portfolio, combined with higher prices for raw materials, increased cost-side support, and a combination of an increase in pvc futures and spot prices, was not sustained, but began to stop and fall in mid-term, mainstream prices began to decline in various parts of the country, and market priorities continued to shift downward. Despite the booming market season, public health events in various parts of the country remain severe, inhibiting part of demand and, in the near future, the market has become increasingly volatile. As at 15, the price of raw materials was in the range of 4,400-4500 yuan/t, and the domestic pvc5-type electricity and stone enterprise offer was in the range of 8,600-9000 yuan/t. Exterior prices are currently us$ 1,300 per ton for cfr china, us$ 1520 per ton for cfr india and us$ 1395 per ton for south-east asia。
As can be seen from the fall in the week of 21 february 2022 to 15 may 2022, the pvc in the country experienced an increase and fall during the cycle, with the largest increase occurring during the week of 28 february and the largest decline occurring during the week of 21 february, with little overall volatility。
International crude oil, whose futures rose significantly on 13 may. Us$ 110. 49 or 4. 1 per cent for wti futures contract settlement; us$ 11. 55 or 3. 8 per cent for brent crude oil futures contract settlement. In asia, the epidemic has improved and demand is expected to recede; the supermarket is cautious about the eu oil embargo against russia, and supply tightening is expected to continue to work。
Ethylene, the market for exterior ethylene has generally declined this week. As of no. 12, the prices of the asian ethylene market fell, with cfr receiving $1166-1176 per ton for north-east asia and $1216-1226 per ton for south-east asia. The prices of the european ethylene market fell and, as of no. 12, the fd western nordic received $1758-1767 per ton and the cif western nordic received $1408-1417 per ton. The prices of ethylene fell in the united states region, as of no. 12, at $618-636 per ton, and the market for exterior ethylene was in poor condition this week, with a cold trading climate and prices falling sharply。
In mid-may, electrical rock or concussion fell to the main level. Raw material orchar prices are flat, the cost of electricity and stone has been reduced, the market conditions in the downstream pvc market have declined and demand has diminished. The post-market forecast is that in mid-may the price of electricity stones in the north-west of the country will fall, or a narrow shock。
Iii. Post-market projections
According to the pvc analysts of the business society, the market for pvc is expected to continue its shock trend in the short term, as it is in the middle of the overhaul season, with raw materials being adjusted upwards and supply costs being supported。
