October is already halfway through, and after returning from the Double Festival holiday, the entire Plastic market is booming. ABS took the lead, leading the rise of general plastics in batches. Then the engineering material giant PC was not to be outdone, leading the PA duo to rise. It can be said that the entire plastics market started perfectly in October. Today, in a situation where the start is a perfect start, can the market really end perfectly?
Shandong Top leader plastic packing co. ltd is main producer with Rigid Pvc Film/sheet, Rgid pet film/sheet, rigid Pp Film/sheet.Rigid Hips Film/sheet,Pc Film/sheet. We are very focused on raw materials,so let us go on:
Upstream raw materials: ethylene monomer, Asian ethylene supply is sufficient, buying intention is sluggish, and the stalemate is maintained in the short term. Downstream, the domestic styrene plant has an overhaul plan, which may weaken domestic demand for ethylene. Calcium carbide material, the calcium carbide market after the holiday basically maintained stable operation. The domestic calcium carbide production enterprises are operating normally, the market supply is stable, and the manufacturers are actively shipping.
From the above table, the autumn maintenance of PVC manufacturers has basically begun, and the maintenance time is mostly in the middle and late October, so from the supply point of view, the late PVC market supply is still in a tight state. In addition, Tianjin Port halted PVC transportation during the double festival period. This behavior caused the spot shortage in South China to become prominent. In addition, due to various reasons such as the high cost of reducing cargo in various regions and poor operability, the spot in the South China PVC market continued to rise. It is reported that the suspension of PVC in Tianjin Port will continue until the 20th. The shortage of goods in South China is difficult to change in the short term, and the price will continue to be relatively high.
Demand side: The apparent domestic consumption of PVC in August was 1.8218 million tons, an increase of 130,200 tons from August 2019 (1.6916 million tons), an increase of 7.70% year-on-year. In addition, the continuous increase in sales of the real estate industry in the third quarter drove the demand for profiles, pipes and other industries. However, in the later stage, due to the gradual cooling of the weather, downstream construction and real estate construction will be somewhat weakened. In terms of exports, the export arbitrage window began to open in mid-August, and the arbitrage space continued to expand. From late August to the end of September, the number of export orders increased significantly. According to incomplete statistics, it was about 200,000 tons. Part of this part of the export volume was delivered in September. A large amount of goods will be delivered in October or even November. Form greater support.
Futures: Futures contributed to this round of market growth. After the holiday, PVC futures rose sharply, breaking through 6,700 yuan, boosting the spot market, and in the short term, PVC futures were still in a high level of consolidation. The market outlook should continue to pay attention to the impact of the futures market on the spot trend.
To sum up, the price of raw calcium carbide is relatively stable, and the support for PVC is acceptable. In the later stage, we need to pay attention to whether the supply shortage situation can be improved after transportation resumes, the autumn maintenance and the commissioning of new capacity, the macro perspective, the development of foreign epidemics, the monetary policy of the Federal Reserve, and winter construction. It is expected that the PVC market in the later period will remain high and fluctuate, and it is not ruled out that the phenomenon of rising and falling in a short period of time will occur.
Yours faithfully.
Shanong top leader plastic packing co., ltd.
www.sdzlplastic.cn
Whatsapp 008615065872595
Rigid PVC Film sheet roll.
