In China and East Asia, is still refining naphtha-based ethylene production process, there is positive correlation between the two. Naphtha by the cost of crude oil rose after the transmission, the price gradually move up the focus to Inflatable promote the recent strong rise in the price of ethylene.
In 2008 from the equivalent consumption point of view, China's ethylene self-sufficiency rate is only 38% -44%, Northeast Asian countries, the major importer of China's ethylene. According to the latest statistics, this year stepped up maintenance unit in the region, in which vinyl monomers 3-4 month gap between Japan and South Korea reached 3.46 million tons, North Asia first and second quarter of ethylene monomer will face Inflatable shortages. Tight supply will directly support its spot price.
The long term, subject to limited supply and strong demand for support, Asian ethylene prices will remain up and push up the cost of PVC prices.
To sum up, China's PVC market in 2010,Inflatable demand-pull and the context of increased production costs, the futures and spot prices will gradually rise. In this context, V1005 will continue to rise, the target price is expected to reach 8600 yuan / ton. |
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