1、 Price trend
| Polyglutamic acid agricultural grade |
According to the data monitored by the business community, the price of PVC calcium carbide SG5 was lowered this week. Last Friday, the average price of domestic PVC was 6504.29 yuan/ton. This Friday, the average price was 6471.43 yuan/ton, and the price decreased 0.51% within the week.
2、 Market analysis
The domestic spot market price of PVC rose first and then fell this week. At present, the spot market is in a general situation, the downstream inquiry is fair, the follow-up of actual orders is insufficient, the market trading atmosphere is cautious, and the downstream enthusiasm for taking goods is not high. Up to now, the quotation range of domestic PVC5 carbide materials is mostly around 6080-6650 yuan/ton.
In terms of crude oil, on September 15, international crude oil futures fell. The settlement price of the main contract of WTI crude oil futures in the United States was 85.10 dollars/barrel, down 3.38 dollars or 3.8%; The settlement price of the main contract of Brent crude oil futures was 90.84 dollars/barrel, down 3.26 dollars or 3.5%. WTI crude oil fell nearly 4%, hitting a one week low. At the macro level, the Federal Reserve may significantly increase interest rates, making the dollar stronger again, depressing oil price estimates. In addition, the expectation of global economic recession continues to depress oil prices.
| Polyglutamic acid |
In terms of calcium carbide, the factory price of calcium carbide in northwest China fell slightly this week. This week, the average ex factory price of mainstream calcium carbide manufacturers in northwest China dropped from 3700 yuan/ton on Friday to 3616.67 yuan/ton at the weekend, a decline of 2.25%. The upstream carbon price was adjusted at a low level, and the cost support was average. The downstream PVC market was adjusted at a low level, and the demand for calcium carbide was average.
3、 Future market forecast
PVC analysts from the business agency believe that the spot price of PVC rose first and then fell this week. At present, the demand of PVC spot market is general, and the market trading is light. The decline of futures affects the confidence of the spot market, and the downstream is cautious in taking goods. The upstream carbide price fell and the cost support was insufficient. It is expected that the PVC market price will be stabilized temporarily in the short term. Pay close attention to the changes in the message.
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