Crude oil continues to rise even with PVC or shocks

Dalian PVC** ended flat on December 22, with the main 1205 contract closing at 6860 yuan/ton. Even yesterday, PVC continued to fluctuate within the range of 6700-7000. The upstream PVC raw materials are still dominated by steady increase, so the cost has certain support for the bottom of the price. The PVC downstream companies are currently starting to significantly reduce the demand slump is more prominent near the Spring Festival. Technically, we need to focus on the 60-day moving average pressure. Overnight crude oil continues to pull up, and even the PVC will continue to fluctuate in the range.

New York Mercantile Exchange (NYMEX) crude oil ** rose on December 22, and rushed to $ 100 a barrel in the session, as the improvement of the US economic data boosted the stock market, and Wednesday’s oil supply tightening report continued to provide momentum to the market . New York time at 14:30 on December 22, NYMEX February crude oil ** contract rose 86 cents, or 0.9%, settled at $ 99.53 a barrel. ICE Brent crude ** rose 12 cents, or 0.1%, to settle at $107.83 a barrel. Market turnover is about one-third of the normal level.

The U.S. Department of Labor said that the number of jobless claims in the United States dropped unexpectedly last week, by 4,000 to 364,000, the lowest since mid-April 2008. In addition, the U.S. leading indicators for the month of November rose by 0.5%, and are expected to increase by 0.3%. The increase was 0.9% in October and the previous value was 0.9%. According to a University of Michigan survey, the U.S. consumer confidence index of the University of Michigan rose to 69.9 in December. However, the US’s real GDP in the third quarter was revised to an annual growth rate of 1.8%, which was lower than the analyst’s previous estimate of 2.0% growth. US stocks climbed and the Dow rose 62 points to 12,169.

The price of calcium carbide in various regions has steadily increased. Some enterprises in Urumqi region once again tentatively raised prices, and the mainstream price of Grade 1 calcium carbide was 3,600-3,650 yuan/ton. The mainstream price of Grade 1 calcium carbide in the Wuhai region is 3,350-3,400 yuan/ton. The mainstream price of Grade 1 calcium carbide in Guizhou Province is mostly at RMB 3,800-3,900/ton. The local chlor-alkali enterprises in Hubei Province have purchased grade 1 calcium carbide products at a price of 3,750 yuan/ton.

In terms of spot, the PVC market in Linyi District has a poor turnover, the downstream demand is flat, and the price fluctuation is limited. The ordinary Type 5 electric stone does not include taxes and is sent to the mainstream at 6,150-6,200 yuan/ton. The PVC market in Shantou region continued to be weak, and the price was gloomy. Ordinary type 5 electric stone mainstream from mentioning 6650-6800 yuan / ton. Vinyl material mainstream in 6850-6950 yuan / ton since mentioning. Downstream demand is not good, and the phenomenon of overreporting is obvious.