1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, the PVC spot market fell from a high level this week (12.1-5), and prices fluctuated downward. As of Friday, the average price of SG-5 PVC carbide method in China was 4400 yuan/ton, with a drop of 1.23% during the week.
2、 Market analysis
This week, PVC did not continue its previous upward trend, and prices continued to decline during the week. During the week, most manufacturers provided stable quotes, with some mainly lowering their prices by within a hundred yuan. The fundamental performance of supply and demand is weak, with obvious supply pressure. Although the operating rate of manufacturers has not increased, social inventory is still in the process of rising. In terms of demand, external demand is weak, and exports are affected by the external environment, resulting in increased export pressure. The domestic market maintains a stable demand for essential goods. Overall, demand is weak. As of now, the quotation range for PVC SG5 electrical aggregate in China is mostly around 4450-4480 yuan/ton.
In terms of upstream calcium carbide, the calcium carbide market rebounded this week, with a growth rate of 3.8% according to the Commodity Analysis System of Shengyi Society. The rise in calcium carbide prices has driven downstream PVC prices to rebound at the beginning of the week, but from mid week to the weekend, the market was affected by supply and demand pressures, and prices did not continue to rise.
3、 Future forecast
The PVC analyst from Shengyi Society believes that the PVC spot market is expected to continue to perform poorly in the short term. Looking at next week, the pressure on the supply side may ease, and equipment such as Jinlu and Yibin Tianyuan have maintenance plans. However, considering the high social inventory, there will not be much change in the supply in the near future. From the demand side, the enthusiasm for external procurement is not high, the demand performance is average, and the market demand is mainly driven by urgent needs. Overall, PVC prices may stop falling next week and turn into volatility, and a real rebound market may not occur.
| http://www.polyvinylalcohols.com |