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South China market further turmoil obviously bearish outlook

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South China market further turmoil obviously bearish outlook

  • Categories:News
  • Time of issue:2020-01-16 14:34

(Summary description)Since opening this morning, the domestic South China PVC market turmoil again...

South China market further turmoil obviously bearish outlook

(Summary description)Since opening this morning, the domestic South China PVC market turmoil again...

  • Categories:News
  • Author:
  • Origin:
  • Time of issue:2020-01-16 14:34
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Since opening this morning, the domestic South China PVC market turmoil again, some companies have a supply price move up sharply, leading to clear market direction. Other regional price outlook is up, down or consolidation is not the case according to conventional cards, the harder the following conclusions in the market.

Since long time, the South China market price of chaos and shock undulating, so the company to deliver care to the sources, moreover, in the overall production enterprises operating rate is not high joint function, southern China PVC severe supply crunch, part stock companies took the opportunity to move up the price of PVC, high morning reported to 6400-6500 yuan / ton, the closing price as of the afternoon has reached 6500-6600 yuan / ton range. Although turnover is limited, subject to market goods less support, showing the price down trend, but in the downstream demand is still sluggish, the price is overwhelmed to get effective support is difficult to determine. Accordingly, the parties concerned about the local stock market business to the next step and shipments.

Today, the East China market placid, five types of calcium carbide material remains in consolidation 6200-6300 yuan / ton, the market sentiment is still bland. Whether the South China market will follow the trend of late raised the unconventional, yet difficult to say. The negative aspect, it is learned, a number of the purchase price of 5,800 yuan sources of imports / ton to enter the East China market, whether there will have to see the impact on the market outlook imports are mostly small.

From the current situation, it seems, to see an increase in empty market factors, changes in how the market outlook for further wait and see, but the market is still not very optimistic about the long-term, mainly due to the real estate industry is optimistic about the market outlook is difficult, the demand for PVC will remain difficult to heavy volume.

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