Crude oil fell on May 5 by the plastics futures market make as many low-PE, PP, PVC-plastics industry
HC plastic net: Greek debt as investors worried that the problem may spread to other euro-zone countries, selling crude oil and stock, 4 4% drop in oil prices, the biggest decline in three months: to settle at 82.74 U.S. dollars per barrel; oil prices tumbled on the market negative impact, most businesses continue to see an empty market outlook, waiting to see the main cause of all varieties across the board settled down, and most varieties are end decline, market sentiment, short obviously continue to occupy significant initiative to market and gradually drag callback , in the macro environment surrounding the surface due to sagging, and some countries have interest rates are on the market with a certain response, to close at a bearish atmosphere, extensive plastic index closed at 1044 points, down 3.26 points, closing 3748 batch, 4680 batch of orders reported.
Calcium carbide process PVC: Quotes Xianyihouyang 5 shows the movement in 7,500 more under the buyer's market then drive to promote the market bottomed out once, so that businesses optimistic about the market outlook, market area in the 7,500 strong support efforts, At the close, the settlement price to go to the 7375 variety? 7528 yuan, among which the settlement of this month once again by the stock price impact of P11005, below 7400 yuan to 7375 yuan to a decrease of 56. In contrast to the varieties of long-term October 5, 18 yuan edged higher, to between 7,528 yuan. That business is still bullish on the current short-term market, and other varieties fell 2? 24 yuan. 5 trends from the point of view, the market is not too hot, but the afternoon improved by the real estate market, led by shares of all varieties began to Qiwen rebound, which in most close ranks to do more business driven, long fight back once, some varieties were around back to 7500 yuan. Show that the market in the 7,500 first-line market outlook may be quite fierce. Fundamentals around the market fell back on the 5th, especially in South China 50 yuan price fell slightly again, indicating the current lack of market sentiment, the majority of merchants offer some weak, on the other hand there is no downstream demand too much boost, although shortage of workers be lifted, the operating rate has been lifted, but some companies still stay on the sidelines, waiting for the main chance. Looking around, calcium carbide process PVC trend to continue in the upstream, driven by strong, investors will still be some opportunities there.
Ethylene PVC: 5 market trend to continue in the fall, oil prices, weak business confidence on some impact, some are starting to see space-based, by the close, 5? September 7540 varieties of the price to go to? between 7745 yuan, in addition to August was up 10 yuan, other varieties fell 3? 65, particularly the recent varieties in May and June decline compared with fierce reaction from many business-to-air short-term market have to be treated. Fundamentals strong in the current situation of upstream prices, market supply will begin to increase, due to digest much lower, so prices have relaxed, the majority of imports are also anticipated to some extent in Hong Kong increased the price of the callback, even though prices of imported materials strong, but has little effect on the market, the market outlook is expected to ethylene PVC in the case of underweight fundamentals will continue to weaken.
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