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Under the ups and downs of crude oil, PVC is at the mercy of futures?
- Categories:Industry information
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- Time of issue:2022-03-29 15:42
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(Summary description)Recently,thepriceofinternationalcrudeoilhitarecordhighduetothe"RussiaUkraineconflict".OnMarch7,thepriceofinternationalcrudeoilfuturesrosesharply,reachingamaximumof$139inBrentcrudeoil,thehighestlevelsince2008.ThesettlementpriceofthemaincontractofusWTIcrudeoilfutureswasUS$119.4/barrel,up3.2%;ThesettlementpriceofthemaincontractofBrentcrudeoilfutureswasUS$123.21/barrel,up4.3%.OnMarch9,theinternationalcrudeoilpriceplummeted.ThesettlementpriceofthemaincontractofWTIcrudeoilfuturesintheUnitedStateswasUS$108.70/barrel,down12.1%;ThesettlementpriceofthemaincontractofBrentcrudeoilfutureswasUS$111.14/barrel,down13.2%.Withthesharpfluctuationofoilprice,commodityfuturessuchasPVCroseagain.Drivenbyfuturesandenergy,spotpricesalsofluctuatedgreatly.Sinceentering2022,thePVCmarkethasexperiencedfrequentsharpupsanddowns,withtheoverallfluctuationintherangeof8000-9400yuan/ton. InearlyMarch,crudeoilpricessoaredduetotheconflictbetweenRussiaandUkraine,andcommodityfuturessuchasPVCsurged.Drivenbyfuturesandenergy,PVCpricesrosesharply,up8.83%.Subsequently,concernsaboutcrudeoilsupplyeased,oilpricesfellslightly,PVCfuturesalsoroseandfell,andthespotPVCmarketfell.Inaddition,thedomesticepidemichasspread,someregionsandprovinceshavebeenclosedandisolated,thedownstreamdemandisexpectedtodecline,andtheoverallPVCpriceisweakandadjusted.Atpresent,therearemanyemptyspacesinthevenue,therearemanyuncertainfactors,andthefuturetrendofPVCisstilluncertain.Let'sanalyzeitonebyonefromseveralaspects! Upstream,calciumcarbideproductionenterprisesinNorthwestChinahavestableplantoperationandnormalcalciumcarbidesupply.Someareasareaffectedbytheepidemic,andshipmentandtransportationareblocked.ThearrivalofPVCmanufacturersisunevenregionally,thearrivalofgoodsinsomeareasistight,andthepurchasepriceofcalciumcarbideisincreased.Intheshortterm,thepriceofcalciumcarbideisstillhigh,andthecostsupportstillexists. AftertheSpringFestival,theoperatingloadofPVCproductionenterpriseshasbeensteadilyincreasing.InMarch,therewerefewdevicemaintenanceinPVCproductionenterprises,andonlysomeenterprisedeviceswerenotfullyopenduetocostortheirowndeviceproblems.AsofMarch18,theoperatingloadofPVCproductionenterpriseshasreboundedto82.39%.Inthelaterstage,withtherecoveryoftheplant,theoperatingrateisstillexpectedtoincrease,butattentionshouldbepaidtothemaintenanceofPVCenterprises
Under the ups and downs of crude oil, PVC is at the mercy of futures?
(Summary description)Recently,thepriceofinternationalcrudeoilhitarecordhighduetothe"RussiaUkraineconflict".OnMarch7,thepriceofinternationalcrudeoilfuturesrosesharply,reachingamaximumof$139inBrentcrudeoil,thehighestlevelsince2008.ThesettlementpriceofthemaincontractofusWTIcrudeoilfutureswasUS$119.4/barrel,up3.2%;ThesettlementpriceofthemaincontractofBrentcrudeoilfutureswasUS$123.21/barrel,up4.3%.OnMarch9,theinternationalcrudeoilpriceplummeted.ThesettlementpriceofthemaincontractofWTIcrudeoilfuturesintheUnitedStateswasUS$108.70/barrel,down12.1%;ThesettlementpriceofthemaincontractofBrentcrudeoilfutureswasUS$111.14/barrel,down13.2%.Withthesharpfluctuationofoilprice,commodityfuturessuchasPVCroseagain.Drivenbyfuturesandenergy,spotpricesalsofluctuatedgreatly.Sinceentering2022,thePVCmarkethasexperiencedfrequentsharpupsanddowns,withtheoverallfluctuationintherangeof8000-9400yuan/ton. InearlyMarch,crudeoilpricessoaredduetotheconflictbetweenRussiaandUkraine,andcommodityfuturessuchasPVCsurged.Drivenbyfuturesandenergy,PVCpricesrosesharply,up8.83%.Subsequently,concernsaboutcrudeoilsupplyeased,oilpricesfellslightly,PVCfuturesalsoroseandfell,andthespotPVCmarketfell.Inaddition,thedomesticepidemichasspread,someregionsandprovinceshavebeenclosedandisolated,thedownstreamdemandisexpectedtodecline,andtheoverallPVCpriceisweakandadjusted.Atpresent,therearemanyemptyspacesinthevenue,therearemanyuncertainfactors,andthefuturetrendofPVCisstilluncertain.Let'sanalyzeitonebyonefromseveralaspects! Upstream,calciumcarbideproductionenterprisesinNorthwestChinahavestableplantoperationandnormalcalciumcarbidesupply.Someareasareaffectedbytheepidemic,andshipmentandtransportationareblocked.ThearrivalofPVCmanufacturersisunevenregionally,thearrivalofgoodsinsomeareasistight,andthepurchasepriceofcalciumcarbideisincreased.Intheshortterm,thepriceofcalciumcarbideisstillhigh,andthecostsupportstillexists. AftertheSpringFestival,theoperatingloadofPVCproductionenterpriseshasbeensteadilyincreasing.InMarch,therewerefewdevicemaintenanceinPVCproductionenterprises,andonlysomeenterprisedeviceswerenotfullyopenduetocostortheirowndeviceproblems.AsofMarch18,theoperatingloadofPVCproductionenterpriseshasreboundedto82.39%.Inthelaterstage,withtherecoveryoftheplant,theoperatingrateisstillexpectedtoincrease,butattentionshouldbepaidtothemaintenanceofPVCenterprises
- Categories:Industry information
- Time of issue:2022-03-29 15:42
- Views:
Information
Recently, the price of international crude oil hit a record high due to the "Russia Ukraine conflict". On March 7, the price of international crude oil futures rose sharply, reaching a maximum of $139 in Brent crude oil, the highest level since 2008. The settlement price of the main contract of us WTI crude oil futures was US $119.4/barrel, up 3.2%; The settlement price of the main contract of Brent crude oil futures was US $123.21/barrel, up 4.3%. On March 9, the international crude oil price plummeted. The settlement price of the main contract of WTI crude oil futures in the United States was US $108.70/barrel, down 12.1%; The settlement price of the main contract of Brent crude oil futures was US $111.14/barrel, down 13.2%. With the sharp fluctuation of oil price, commodity futures such as PVC rose again. Driven by futures and energy, spot prices also fluctuated greatly. Since entering 2022, the PVC market has experienced frequent sharp ups and downs, with the overall fluctuation in the range of 8000-9400 yuan / ton.
In early March, crude oil prices soared due to the conflict between Russia and Ukraine, and commodity futures such as PVC surged. Driven by futures and energy, PVC prices rose sharply, up 8.83%. Subsequently, concerns about crude oil supply eased, oil prices fell slightly, PVC futures also rose and fell, and the spot PVC market fell. In addition, the domestic epidemic has spread, some regions and provinces have been closed and isolated, the downstream demand is expected to decline, and the overall PVC price is weak and adjusted. At present, there are many empty spaces in the venue, there are many uncertain factors, and the future trend of PVC is still uncertain. Let's analyze it one by one from several aspects!
Upstream, calcium carbide production enterprises in Northwest China have stable plant operation and normal calcium carbide supply. Some areas are affected by the epidemic, and shipment and transportation are blocked. The arrival of PVC manufacturers is uneven regionally, the arrival of goods in some areas is tight, and the purchase price of calcium carbide is increased. In the short term, the price of calcium carbide is still high, and the cost support still exists.
After the Spring Festival, the operating load of PVC production enterprises has been steadily increasing. In March, there were few device maintenance in PVC production enterprises, and only some enterprise devices were not fully open due to cost or their own device problems. As of March 18, the operating load of PVC production enterprises has rebounded to 82.39%. In the later stage, with the recovery of the plant, the operating rate is still expected to increase, but attention should be paid to the maintenance of PVC enterprises
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