1、 Price trend
| Chitosan oligosaccharide |
According to the data monitored by the business community, the PVC calcium carbide method SG5 operated in shock this week. On the whole, the price increased slightly. At the beginning of the week, the average domestic PVC price was 5992.86 yuan/ton, and at the weekend, the average price was 6028.57 yuan/ton. The price decreased by 0.6% within the week.
2、 Market analysis
This week, the PVC calcium carbide method SG5 was operated in shock, and the overall price increased slightly. The overall trading and investment situation of the market is relatively light, the actual transaction situation of the spot market is general, and the market confidence is insufficient. Downstream procurement enthusiasm is not high, and the transaction of real orders is more cautious, focusing on rigid demand. Up to now, the quotation range of domestic PVC5 carbide is mostly around 5550-6150 yuan/ton.
In terms of crude oil, on November 10, international crude oil futures prices rose. The settlement price of the main contract of US WTI crude oil futures was 86.47 US dollars/barrel, up 0.64 US dollars or 0.8%. The settlement price of the main contract of Brent crude oil futures was 93.67 dollars/barrel, up 1.02 dollars or 1.1%. The inflation data of the United States in October was lower than market expectations, supporting the rebound of oil prices, and diluting the fear of slowing fuel demand in Asia due to epidemic measures.
| Gamma-PGA (gamma polyglutamic acid) |
In terms of calcium carbide, the average ex factory price of mainstream calcium carbide manufacturers in northwest China fell from 3883.33 yuan/ton at the end of last week to 3733.33 yuan/ton at the end of this week, a drop of 3.86%. The price of raw material blue charcoal was consolidated at a low level. The cost of calcium carbide was generally supported. The downstream PVC market rose in a narrow range, and the downstream demand increased. It is expected that carbide prices in the northwest region will rise in a narrow range in the middle and late November.
3、 Future market forecast
PVC analysts from the business agency believe that PVC prices will rise slightly this week. This week, the futures market rose, driving the spot market sentiment. However, the overall downstream demand was average, and the trading of new orders was limited. The trading atmosphere was weak. It is expected that the PVC market will be more wait-and-see in the short term, and the finishing operation will be more stable. Pay close attention to the changes in the message.
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