After a slight weakened consolidation in the domestic PVC market last week, the domestic PVC market rebounded sharply again driven by the strong futures. The traders in the spot market have little supply and prices have been raised, ranging from 50-100 yuan / ton.
Futures up
Dalian Commodity Exchange PVC main V1805 opened 6835 yuan / ton, the highest 6975 yuan / ton. The lowest 6805 yuan / ton, closing 6930 yuan / ton, up 65 yuan / ton over the previous day. Volume at 476,556 hands, open interest Add 57,262 hands at 343,818 hands.
Unit maintenance
Last week, the domestic PVC industry started a slight decline, mainly affected by the Baotou sea level and Yili Chemical PVC plant parking impact as of now, the domestic PVC industry overall operating rate at 73.06%.
market prediction
The domestic PVC market after the price rise, the temporary consolidation pattern will be maintained, the current stocking has started downstream, and even some small and medium enterprises due to limited demand, has completed stocking. Some products factory has been a sign of holiday this week, the spot is expected to remain Good trend.
With the end of January, the advent of February, the market sentiment will gradually light, the Spring Festival flavor will gradually thick.So it is expected next week the domestic PVC market trends and more to maintain a stable consolidation pattern, the market price in east China temporarily stabilize at 6650-6750 Yuan / ton