1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyishe, the spot market price of PVC has increased this week. The average domestic PVC price last Friday was 5566 yuan/ton, and this Friday’s average price was 5654 yuan/ton, with a price increase of 1.58% during the week.
2、 Market analysis
The spot market price of PVC has risen this week. From Monday to Thursday, PVC futures market prices are currently rising, boosting confidence in the spot market. Spot manufacturers are following up on price increases, but downstream procurement is relatively cautious. On Friday, the futures market shifted from rising to falling, and the atmosphere in the spot market weakened accordingly. The market was cautious and cautious, with some downstream companies placing orders at low prices that needed to be replenished. As of now, the quotation range for PVC SG5 type carbide materials in China is mostly around 5470-5850 yuan/ton.
On March 21st, international crude oil futures fell. The settlement price of the main WTI crude oil futures contract in the United States was $81.07 per barrel, a decrease of $0.20 or 0.3%. The settlement price of the Brent crude oil futures main contract was $85.24 per barrel, a decrease of $0.14 or 0.2%.
In terms of calcium carbide, according to data monitored by Business Society, the prices of calcium carbide manufacturers will increase after the year. Last Friday, the average price of domestic calcium carbide was 2916.67 yuan/ton, and this Friday’s average price was 2983.33 yuan/ton, with a 2.29% increase in prices during the week. With the recovery of logistics transportation, enterprise shipments have improved, downstream procurement has actively improved, inventory has decreased, and market prices have increased.
3、 Future Market Forecast
PVC analysts from Business Society believe that the PVC spot market is on the rise this week. Upstream calcium carbide prices have increased, and cost support is still acceptable. Affected by the decline in external oil prices on the 21st, PVC futures prices turned from rising to falling on Friday, and the futures market returned to a weak position. The performance of futures has suppressed confidence in the spot market, and it is expected that the PVC spot market will fluctuate and consolidate in the short term. Close attention will be paid to changes in the news.
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