PVC Market: Narrow Moves
In the global chemical industry, polyvinyl chloride (PVC) is a plastic product with a large output and is widely used. It is indispensable in fields such as building houses, making building materials, packaging, and pharmaceuticals. It is closely related to our economic development and daily life.
In recent years, the global economic situation has changed from time to time, frictions between countries have continued, and chemical technology has been updated rapidly.
The PVC market is like a roller coaster. Price fluctuations and the abundance and scarcity of goods have made people in this industry and investors very nervous. Recently, everyone is discussing what is going on in the PVC market. The doorway behind it and the future development trend really need to be studied carefully.
At present, the operation of futures prices still presents a situation of pressure from the upper side and support from the downstream. The fluctuation range is narrowing and there is a lack of clear long-term trends. The same is true for the spot market.
The adjustment of spot prices continues to be slightly adjusted in the low range, but the ex-factory prices of some PVC have shown a certain resilience after falling below 4,400 yuan/ton. The current variable factors at the PVC supply and demand level are not enough to drive prices.
The ex-factory price of calcium carbide at the fundamental cost port rose slightly by 100 yuan/ton today. On the foreign market, oil prices rose by more than $1 as the market was optimistic that the contact between China and the United States might lead to a trade agreement.
CME data showed that the market expected the Federal Reserve to cut interest rates only in September, and bets on another rate cut before the end of the year increased. Overall, the PVC spot market will continue to adjust in a narrow range in the short term.
Under the general trend of industrial upgrading and green development, the PVC industry is also facing the pressure of transformation and upgrading.
Enterprises need to increase investment in technology research and development, improve product quality and added value, and adapt to changes in market demand. At the same time, policy-level support and guidance will also play a key role in the development of the industry.
The government may promote the supply-side structural reform of the PVC industry, optimize the industrial layout, and promote the balance of market supply and demand by issuing relevant policies.
For industry participants, in the current relatively stalemate of the PVC market, it is necessary to maintain a high degree of market sensitivity and pay close attention to changes in the cost side, supply and demand side, and macro policy level. When formulating production and business strategies, it is necessary to fully consider short-term market fluctuations and focus on the long-term development trend of the industry.
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