According to the data (calcium carbide method SG5 ex-factory average price), the domestic mainstream average price of PVC on April 9 was 8905 yuan/ton, an increase of 1.49% from the beginning of the week (5th) and an increase of 57.17% from the same period last year.

 Market analysis

After the Ching Ming holiday, the PVC market rose again, and futures prices fluctuated higher, which led to the increase in spot market prices. The daily increase was mostly in the range of 50-300 yuan/ton. Prices in various regions generally rose, but the rising trend did not continue. The price callback approached the weekend. The range is around 50-150 yuan/ton, and the market showed a trend of first rising and then falling during the week. The increase in PVC prices this time was mainly due to higher disks and April, when the traditional peak season came, and social inventories continued to decline, indicating that downstream demand has increased. Moreover, the spring maintenance has started, and the inventory pressure of PVC manufacturers is not strong, and they are actively pushing up. Bullish factors helped the PVC market to rise this week. However, the downstream receiving capacity is still to be discussed. The low acceptance of high-priced PVC and the recent decline in the price of raw material calcium carbide have restricted the rapid rise of PVC. Therefore, after the rise of PVC, there has been a slight correction and failed to continue to rise. At present, some companies have entered the state of overhaul, and positive signals have been injected into the market. At the same time, the operating rate of downstream pipes, profiles and other products has increased, and the demand side has gradually improved. Overall, there is no major contradiction between supply and demand. PVC prices fluctuate mainly in narrow ranges. .

In terms of spot, the mainstream domestic quotations of PVC5 calcium carbide materials are mostly around 8700-9000. PVC5 type calcium carbide materials in Hangzhou area range from 8700-8850 yuan/ton; PVC5 type calcium carbide materials in Changzhou area are mainstream 8700-8850 yuan/ton; PVC ordinary calcium carbide materials in Guangzhou area are mainstream at 8800-9000 yuan/ton; quotations in various markets fluctuate within a narrow range .

For futures, the price of futures rose and fell, and the volatility was violent, driving the spot trend. The opening price of the V2150 contract on April 9 was 8860, the highest price was 8870, the lowest price was 8700, and the closing price was 8735, a decrease of 1.47%. The trading volume was 326,300 hands and the open interest was 234,400 hands.

Upstream crude oil. On April 8, international oil prices did not change much. The settlement price of the main contract in the US WTI crude oil futures market was reported at 59.60 US dollars per barrel, a decrease of 0.17 US dollars or 0.3%. The main contract settlement price of the Brent crude oil futures market was reported at 63.20 US dollars per barrel, an increase of 0.04 US dollars or 0.1%. The fall in the U.S. dollar and the rise in the stock market offset the previous decline caused by the sharp increase in US gasoline inventories and the expected slowdown in demand recovery due to the epidemic.

Ethylene, on April 8, European ethylene market quotations, FD Northwest Europe quoted 1,249-1260 US dollars / ton, CIF Northwest Europe quoted 1227-1236 US dollars / ton, down 12 US dollars / ton, April 8th, U.S. ethylene market quotations, FD U.S. Gulf is quoted at US$1,096-1107/ton, down by US$143.5/ton. Recently, the U.S. ethylene market has fallen and the demand is general. On April 8, the ethylene market in Asia, CFR Northeast Asia quoted at US$1,068-1074/ton, up by 10 US dollars/ton, CFR Southeast Asia quoted US$1013-1019/ton, an increase of US$10/ton. Affected by the high price of upstream crude oil, the ethylene market in the later period may mainly rise.