Price Trend
According to the data monitored by business associations (average price of SG5 manufactured by calcium carbide method), domestic PVC quoted 6713 yuan/ton on July 1, and domestic PVC quoted 6775 yuan/ton on July 5. The price of PVC rose 100-200 yuan/ton on the whole, up 0.93%, and the market of PVC rose slightly.
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II. Cause Analysis
Product aspect: This week, the price of PVC futures continued to rise, pulling up spot prices, improving the atmosphere of spot delivery, stable trading, resulting in a small increase in the price of PVC. At the same time, PVC spot inventory is relatively low, on demand with production, sales pressure is not high, which plays a supporting role in price rise. As of July 5, the domestic mainstream quotation range of PVC is 6650-7000 yuan/ton.
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Industry: On July 4, the rubber and plastic index was 705 points, which was the same as yesterday. It was 33.49% lower than the peak of 1060 points in the cycle (2012-03-14), and 22.40% higher than the lowest point of 576 points on December 21, 2015. (Note: Cycle refers to 2011-12-01 to date) This week commodity market warmed up, the overall trend of rubber and plastic industry shocks up.
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3. Future Market Forecast
PVC analysts believe that the demand of PVC terminal is just in demand, the spot stock of PVC market is not pressured, the market transaction is stable, and the macro-economy is warming up. In the short term, the market of PVC is expected to oscillate slightly, and the game between supply and demand dominates the price trend. It is estimated that the mainstream price of PVC 5 will be 6600-7100 yuan/ton.