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Since India PVC market demand serious shortage increases this year, supply in the first eight months of India exports China double PVC year-on-year growth, at present this trend continues. According to Chinese customs statistics, in the first eight months of this year Chinese exports to India's PVC resin 18.35 tons, surging into 59499 tons for the same period last year. Most of the export resin for calcium carbide method PVC.
Expected by March 31, 2008 fiscal year, India PVC demand will be increased by 15%, 140 tons, to meet the growth, India will import PVC about 45 million tons. And in 2006 ~ 2007, India for 34 million tons of polyvinyl chloride (PVC) imports. India is PVC production capacity of about 100 tons/year total, but because many devices, actual production line has decreased. In recent months, the PVC price surge, India prompted Indian traders and end users more selected imports from China cheaper resin material.
This year India PVC main demand growth momentum from buildings, water supply, health and irrigation pipe, etc. The rise of construction boom of Indian polyvinyl chloride (PVC) pipe and the Windows are driving demand growth profile. Relative to other Asian producers, China PVC price to cheaper, usually calcium carbide method PVC the relative price of ethylene method products lower price about 30 ~ 40 dollars a ton. End users in manufacturing PVC pipe, calcium carbide method when polyvinyl chloride (PVC) and ethylene method, so most as polyvinyl chloride (PVC) performance users will priority use calcium carbide method PVC. LLDPE spot weakness is expected to affect DaShangSuo plastic plastic futures continue concussion shock, 22 japan-china picture futures contract main 801 13465 highest opening, lowest, 13330 13255, closing 13430, rising to clinch a deal, all-day 5814 20 points in hand, ing hand 902.
NYMEX crude oil futures electronic dish Thursday in steady above $97. November 22 (Thursday) Thanksgiving, the New York mercantile exchange closed exchange-traded will, but global electronic trading will continue to open. On Thursday, NYMEX crude oil futures fell slightly electronic dish, January 96.63 closed down in contract, $0.66.
22 domestic LLDPE spot stability slipped a bit, zhongyou east China outbound continued to hold firm and in lanzhou petrochemical 7042 offer 13,000 RMB/tons, manufacturer sales is fair. Daqing petrochemical LLDPE ex-works smoothly, 7042 aggregates offer 12770 yuan/ton, manufacturer sales is fair. Qilu petrochemical LLDPE outbound continued to smoothly, 7042 ex-works in 12700 yuan/ton. Yangzi petrochemical LLDPE ex-works slipped a bit, 7042 quotation 12750 yuan/ton, manufacturer sales is fair. Guangzhou petrochemical LLDPE outbound price quotation, steady in 7042 12850 yuan/ton, manufacturer sales normally. Jilin petrochemical LLDPE ex-works continuously and steadily, 7042 aggregates quotation 12820 yuan/ton, powder quotation 12520 yuan/ton, manufacturer sales situation general.
Though weak spot, but oil is still in the highs, expected plastic futures will continue to shock.
