December 29th News
On December 29th, the PVC market in Zibo showed a stable yet slightly upward trend. Today's quoted prices increased by approximately 30 yuan compared to the previous trading day. The futures market turned positive, supporting the stabilization of spot prices. Dealers primarily offered discounts to facilitate shipments, leading to a slight improvement in market sentiment and relatively favorable actual transactions. Currently, the mainstream delivery price for calcium carbide-based PVC type 5 ranges between 4,450 and 4,500 yuan per ton.
Chempricehub Analysis of PVC
Bull-Bear Score: 1.5
The article indicates that spot PVC prices in Zibo increased by 30 yuan, with the mainstream delivery price ranging from 4,450 to 4,500 yuan per ton. The improved market sentiment and relatively favorable transactions suggest stable spot demand and supply-side support for price stabilization. The positive performance of the futures market, combined with the latest closing price of the PVC futures main contract 2609 (Dalian Commodity Exchange) at 4,962 yuan per ton, up by 29 points, with a trading volume of 44,349 lots and an open interest of 116,695 lots, reflects a strengthening futures market, further supporting spot prices. This indicates overall improvements in supply and demand and enhanced investor confidence, which are favorable for PVC prices. However, the limited price increase leads to a bullish score of 1.5.
Comments
0