1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the PVC spot market rose first and then fell this week (7.8-12), and overall prices fell. On Monday, the average price of PVC in China was 5666 yuan/ton, and on Friday it was 5574 yuan/ton, a decrease of 1.22% in price during the week.

2、 Market analysis

This week, the PVC spot market has been weak, with prices mainly decreasing slightly. With the weakening of the futures market, the mainstream transaction prices in the spot PVC market have also fallen to a certain extent. Coupled with the pressure of supply and demand, the spot market has weakened to some extent. Downstream procurement is mainly based on spot prices, with low enthusiasm for inquiry based procurement and a sluggish market atmosphere. The hanging order price is relatively low. Overall, it is still mainly driven by basic needs, and the trading atmosphere is average. As of now, the quotation range for PVC SG5 electrical aggregate in China is mostly around 5500-5700 yuan/ton.

In terms of calcium carbide, as we entered July, the domestic price of calcium carbide continued to decline. According to data monitored by Business Society, the price of calcium carbide dropped by 3.55% during the month. Overall, the trading sentiment in the calcium carbide market was pessimistic during the week, and the situation of traders receiving goods was sluggish compared to before.

3、 Future forecast

The PVC analyst from Shengyi Society believes that the PVC spot market has experienced slight fluctuations and a decline this week. Upstream calcium carbide prices have decreased, with average cost support. International crude oil futures maintained range volatility, and the PVC futures market performed weakly in the later stage, affecting confidence in the spot market. The PVC spot market is generally bearish. It is expected that the PVC spot market will continue to fluctuate and consolidate within a certain range in the short term, and we will closely monitor changes in the news.