1、 Price trend
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According to the data monitored by the Business News Agency, the price of PVC carbide SG5 fell sharply in the first ten days of March. The average price of domestic PVC was 6243.33 yuan/ton on March 1 and 6225 yuan/ton on March 10, with a price drop of 0.29%.
2、 Market analysis
In the first ten days of March, the domestic spot market of PVC fell sharply. At present, the trading atmosphere of the spot market is general, and the futures market is weak, which affects the confidence of the spot market. The delivery is mainly based on the spot price, and the situation of traders’ taking goods is general. Downstream enterprises are more wait-and-see, cautious about actual orders, and mainly purchase on demand. Up to now, the domestic price range of PVC5 carbide is mostly around 5900-6380 yuan/ton.
In terms of crude oil, international crude oil futures fell for the third consecutive trading day on March 9. The settlement price of the main contract of US WTI crude oil futures was US $75.72/barrel, down US $0.94 or 1.2%. The settlement price of the main contract of Brent crude oil futures was US $81.59/barrel, down US $1.07 or 1.3%.
In terms of calcium carbide, according to the data monitored by the Business Society, the ex-factory price of calcium carbide in the northwest region was temporarily stable this week. This week, the average ex-factory price of mainstream calcium carbide manufacturers in northwest China was 3483.33 yuan/ton. The price of upstream blue charcoal fell slightly, the cost support was insufficient, the downstream PVC market was general, and the demand for calcium carbide was tepid.
3、 Aftermarket forecast
According to the PVC analyst of the Business Agency, the spot price of PVC fell in the first ten days of March. At present, the demand of PVC spot market is general, and downstream enterprises have low purchasing enthusiasm. They are cautious about actual orders, and mainly purchase on demand. It is expected that in the short term, the PVC market will still fluctuate slightly, and close attention will be paid to the changes in the news.
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