1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, the PVC spot market was mainly adjusted within the range this week (9.15-19), and the price did not change much compared to last week. After the market price rose during the week, it slightly fell back. As of Friday, the average price of SG-5 PVC carbide method in China was 4680 yuan/ton, with a slight increase of 0.43% during the week.
2、 Market analysis
This week, the ex factory prices of PVC manufacturers mostly remained at last week’s price level, with some slight adjustments controlled at 20-50 yuan/ton. Due to the lack of significant improvement in fundamentals, crude oil prices are hovering at mid to low levels, and the futures market is maintaining a range of volatile prices. After the PVC price rose at the beginning of the week, it stopped rising from mid week to the weekend and slightly fell back, with a weak price and a slight upward shift in the overall range. From the perspective of supply and demand fundamentals, the spot PVC market has shown loose supply and demand, and most manufacturers are operating stably. The supply pressure has not changed much, dealers’ offers are generally weak, downstream demand performance is insufficient, downstream procurement is mainly based on spot prices, inquiry and procurement enthusiasm is not high, and the market atmosphere is sluggish. 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 4730-4800 yuan/ton.
In terms of upstream calcium carbide, the calcium carbide market has rebounded this week, and prices have risen this week. According to the commodity analysis system of Shengyi Society, the increase this week is 4.0%. As the weekend approaches, calcium carbide prices are rising, and due to the lag in transmission, it may provide support for PVC costs in the later stage.
3、 Future forecast
The PVC analyst from Shengyi Society believes that the PVC spot market is lukewarm, mainly due to insufficient downstream operating rates, average demand, and difficulty in improving the supply-demand pattern in the short term. It is expected that PVC prices will continue to maintain a range adjustment pattern next week.