On March 18, the domestic PVC mainstream average price (calcium carbide SG5 ex-factory average price) was 6187.5 yuan / ton, down 0.6% from the previous trading day, down 2.56% from the same period last year.

On March 18, the PVC commodity index was 78.41, down 0.47 points from yesterday, down 21.59% from the 2011 peak of 100.00 points. Compared with the lowest point of 58.27 points on December 20, 2015, up 34.56% over the same period. Note: As of September 2011 (1st of the month to date).

Products, the domestic PVC market fell slightly on Wednesday, mainly digesting the previous rise. In terms of PVC futures, due to the recent plunge in the oil market, its trend is not good, but for the time being, the impact is not great. Spot market fluctuations are limited, small fluctuations, but the market trading is light.

Demand increased as terminal companies resumed work, but some of them are still struggling to resume work. As a result, overall utilization was low. Most of this is mainly to supplement emergency demand. Currently, demand is too weak to effectively support the PVC market. Sales pressure on manufacturers remains high.

PVC enterprises' work rate gradually increased, inventory continued to increase, and the market is well supplied. It is difficult to change the situation of oversupply in the short term. Meanwhile, calcium carbide cost support is strong. PVC enterprise mentality is stable, wait and see. Some enterprises cut prices, but the overall market is still at a low level, difficult to recover.

As of March 18, the domestic PVC mainstream price range of 5950-6350 yuan / ton. At present, the mainstream price of PVC5 rigid material in Changzhou is about 6080-6210 yuan/ton, the mainstream price of PVC5 rigid material in Hangzhou is about 6080-6230 yuan/ton, and the mainstream price of PVC rigid material in Guangzhou is about 6080-6230 yuan/ton. 6050-6100 yuan/ton or so. This deal is negotiable.

PVC main futures: V2005 contract shocked down, closing price of 6055 yuan / ton, turnover over the last trading day turnover of 120748 hands, positions 152462 hands. 7638 lots, basis difference of 95 yuan, 100 yuan, spread-120,-0.

Industry chain: On March 16, the price of U.S. WTI crude oil futures market plummeted, falling below $30/barrel again, with the main contract at $28.70/barrel, down $3.03 (-9.55%). Crude oil prices tumbled due to the dispute between Saudi Arabia and Russia over the production cut agreement. Ethylene prices fell to their lowest level since 2017 and could not be sustained. Todudu's data analysts expect prices to remain within a narrow range. The market for calcium carbide was modestly volatile. Calcium carbide prices in the Northwest are expected to fall slightly in mid-March.

Industry: Looking at the list of rubber and plastic products as of March 18, 2020, natural rubber (0.21%) has increased from last year. Meanwhile, a total of 10 raw materials declined from the previous month. br (-2.86%) was the top three decliners, SBR (-2.69%) and PA6 (-1.71%). The daily decline was-0.76%.

Market Forecast: Todudu PVC analysts believe that the current PVC market is sluggish and the overall market is depressed. Although the futures trend is worse, spot price perception is stronger, but in the short term the pattern of oversupply is difficult to change. In the short term, the PVC market is difficult to recover, difficult to recover. Focus on crude oil, futures trend and downstream resumption.

If you have any questions, please feel free to contact toodududu (tdd-global@toodudu.com).