PVC market takes a slow pace

By the end of November 2012, the fundamentals of the PVC market had not been significantly improved and the trading environment was still relatively flat. In terms of specific prices, the mainstream quotes in the PVC market have stabilized, and individual prices have been flexibly adjusted according to their own circumstances. At present, the mainstream price of vinyl material is 6800-6900 yuan/ton, and the mainstream price of 5 type stone material is 6800-6900 yuan/ton. The actual transaction can be negotiated.

Intensified pressure on the venue, the overall pace of taking goods slow, wait and see atmosphere is stronger.

I. Upstream Market Overview The New York Mercantile Exchange (NYMEX) crude oil ** closed 1.8% higher on Nov. 29, ending the three-day losing streak. NYMEX crude oil ** closed higher by $1.58, or 1.8%, in January. 88.07 US dollars. Brent January crude oil ** rose 1.25 US dollars or 0.33% to US $ 110.76 a barrel.

On November 29th (Thursday), Asian ethylene mixed, CFR Northeast Asia fell 4 to 1154-1156 US dollars / ton, CFR Southeast Asia rose 20 to 1182-1184 US dollars / ton.

Second, the market conditions around the market today PVC weak market price, trading is flat, the adjustment is limited.

The PVC market in Tianjin was weakly consolidated and the small orders were mainly sold. Ordinary calcium carbide reported at 6000-6200 yuan / ton cash, ethylene material reported at 6400-6500 yuan / ton, the market supply sufficient, and fierce competition. Inner Mongolia and Hebei Province are more common and the offer is a bit confusing.

The Shantou PVC market was weakly organized and trading stalemate. The price of various ordinary stone materials is about 6,450 yuan/ton, a small amount is reported at 6,400 yuan/ton, and ethylene is reported at 6,600-6,700 yuan/ton, which is flexible.

Guangzhou PVC market price stability, no more adjustments. The price of various ordinary stone materials in the 6380-6430 yuan / ton, the days can be expected to report 6430 yuan / ton, vinyl material quoted in the 6600-6750 yuan / ton shocks, trading is slightly flexible.

Third, the latest quotation Tianjin Chemical PVC quotation is stable, the device starts 6-70%, the high model of the local factory reported 6450 yuan / ton cash, export low 100 yuan / ton, 2500 type goods less do not offer.

Jining Jinwei PVC quotation rose slightly by 50 yuan, and the new and old devices were all operating normally. Type 5 electric stone products were reported at 6,600 yuan/ton, and exported at a low price of 50 yuan/ton, with preferential implementation.

Baotou sea level PVC quotation slightly reduced by 50 yuan, the device started about 5 percent, 5 type of electric stone factory reported 6100 yuan / ton acceptance, spot exchange low 100 yuan / ton, the implementation of a little flexible.

Fourth, there is no obvious direction for the macro market outlook for the time being. With the approach of the end of the year, the market is facing more uncertainties. The mentality of the business is more complex, with more than one small transaction, and the downstream factories are generally started. Purchasing is still on-demand, and the overall capacity of digesting supplies is limited. It is expected that short-term PVC market performance is difficult to have a breakthrough performance, or is still dominated by shock consolidation.