4, make as many as PE PP PVC ABS continued to decline-PE, PP, PVC-plastics indus
HC plastic mesh : The U.S. Economy Data eased worries of recovery against the euro and the dollar declined to provide enough support, oil prices rising for two days, above 80 U.S. dollars a barrel, hit its highest close in seven weeks. NYMEX4 month closing high price of crude oil futures settled 1.19 U.S. dollars, or 1.49%, to 80.87 U.S. dollars a barrel, the highest since Jan. 11 high. Despite the continuous rise in oil prices, but pressure on profit-taking pressure from recent market decline continues, transactions continued malaise, show a serious shortage of disk access, most businesses continue to maintain the market outlook, wait and see attitude. In the main varieties of calcium carbide PVC Continue to weaken, dragged down to the wide plastic index closed down 1.58 points to 1039.81 points. 3585 batch of transactions, up 89 grant reduction. Order reported that 5085 batch, up by 40 award.
Calcium carbide process PVC: pattern of significant market weakness this week, has dropped four consecutive trading days, the majority of market participants the basic bearish market outlook, mainly to keep watching mood, and the prices are basically ended with the decline, closing at 3? 8 month settlement price to go to the 7210 variety? between 7,488 yuan, up down 9? 69 yuan between. From the view of the overall disk structure is still weak continuity, which is still trapped on main varieties P110054 downward path, soon after opening the gateway from 7400 yuan, once under pressure at the short session approaching 7,300 yuan mark, but soon bargain-hunting buying intervention, some businesses take the bottom plate after another afternoon to promote the varieties of a small pick up, as close at 7,390 yuan, down 20 yuan, from the technical face view, 4, closing out a length of the species under the shadow of the Yin Xian, while the bottom shows be supported, on the other hand shows take some initiative is still short, the market outlook, the market still continues to shock the space. Fundamentals of view, as taking a step forward over the price drop in business mentality has led to significantly worse and gradually the market outlook is not optimistic, especially in the downstream products are more difficult to boost corporate demand for the trend, PVC market in the medium term will not have too large increase of space, or view as previously said, the March market to adjust the main shock.
Ethylene PVC: While oil prices continue to rise, but the low price of ethylene is difficult to support sustainable PVC ethylene firmed few market transactions, market taking a step forward dragged down by the close 4? July delivery prices to the species to 7555? 7640 yuan between, except in May rose 25 per species, other species was down 7? 13 yuan. Look at trends in disk order is obvious, fundamental point of view, ethylene prices are now below 1200 U.S. dollars mark, indicating that energy has come to an end a short sell into corrections, ethylene PVC by upstream companies and currently offer stable support, but die hard adjustment trend.
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