1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, the PVC spot market has been fluctuating this week. On Monday, the average domestic PVC price was 5564 yuan/ton, and on Sunday it was 5566 yuan/ton. The price increased by 0.04% during the week.

2、 Market analysis

This week, the PVC spot market is operating in a volatile manner. As the May Day holiday approaches, the trading situation on the market is slightly average, with slight fluctuations in market prices. The quotes from manufacturers are generally stable, while the prices from traders are relatively flexible. Downstream procurement is relatively cautious, with a strong wait-and-see attitude. The enthusiasm for stocking up before holidays is average, and the focus is still on basic needs. As of now, the quotation range for PVC SG5 type carbide materials in China is mostly around 5520-5750 yuan/ton.

In terms of crude oil, international crude oil futures closed higher on April 26th. The settlement price of the main WTI crude oil futures contract in the United States was $83.85 per barrel, an increase of $0.28 or 0.3%. The settlement price of Brent crude oil futures main contract was reported at 88.21 US dollars per barrel, with an increase of 0.44 US dollars or 0.5%.

In terms of calcium carbide, according to data monitored by Business Society, the prices of calcium carbide manufacturers have decreased. On Monday, the average price of domestic calcium carbide was 3000 yuan/ton, and on Sunday, the average price was 2883.33 yuan/ton. The weekly price has decreased by 3.89%. The downstream procurement performance is average, and the process of removing calcium carbide inventory is slow.

3、 Future Market Forecast

PVC analysts from Business Society believe that the PVC spot market has been volatile this week. Upstream carbide prices have been lowered, resulting in weak 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.