1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyishe, the PVC spot market price fluctuated slightly this week, with a slight decrease. On Monday, the average domestic PVC price was 5566 yuan/ton, and on Friday it was 5662 yuan/ton. The price was reduced by 0.07% during the week.
2、 Market analysis
The PVC spot market prices have fluctuated slightly this week, with a slight decrease. Overall, the confidence in the spot market is average, with little change in prices on the market. Manufacturers’ quotations are generally stable, and traders’ prices are relatively flexible. Downstream procurement is relatively cautious, with a strong wait-and-see attitude and a weak market atmosphere, resulting in average transactions. As of now, the quotation range for PVC SG5 type carbide materials in China is mostly around 5300-5750 yuan/ton.
On April 18th, international crude oil futures continued to decline. The settlement price of the main WTI crude oil futures contract in the United States was $82.10 per barrel, a decrease of $0.05 or 0.1%. The settlement price of the Brent crude oil futures main contract was $87.11 per barrel, a decrease of $0.18 or 0.2%.
In terms of calcium carbide, according to data monitored by Business Society, the prices of calcium carbide manufacturers have slightly decreased. On Monday, the average price of domestic calcium carbide was 3016.67 yuan/ton, and on Friday it was 3000 yuan/ton. The price decreased by 0.55% during the week. The PVC market is experiencing low volatility, and the process of removing calcium carbide inventory is relatively slow.
3、 Future Market Forecast
Business Society PVC analysts believe that the PVC spot market has experienced slight fluctuations this week. Upstream calcium carbide prices have slightly decreased, with average cost support. The performance of PVC in both markets is average, with little change on the market and average market confidence. It is expected that the PVC spot market will continue to fluctuate and consolidate within the range in the short term, and we will closely monitor changes in the news.
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