1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, the PVC spot market fluctuated within the range this week (11.17-21), and the price performance was weak. As of Friday, the average price of SG-5 PVC carbide method in China was 4416 yuan/ton, with a price drop of 0.96% during the week.
2、 Market analysis
This week, PVC continued its previous weak market trend, with most manufacturers offering stable prices and some mainly lowering prices within 100 yuan. Since November, the PVC market has continued to fluctuate within a weak range. On the one hand, there is a lack of favorable fundamentals, and crude oil prices have been consistently weak, with prices hovering at low levels and a weak futures market. The spot price of PVC is also unlikely to have a strong trend, with a slight downward shift in the overall range. More importantly, the supply and demand fundamentals remain in a pattern of oversupply, and the supply and demand of the spot PVC market continue to be loose. Most manufacturers are operating stably, and the PVC production rate continues to increase this week. Supply pressure remains high, dealer 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 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 4450-4520 yuan/ton.
In terms of upstream calcium carbide, the performance of the calcium carbide market was sluggish this week, and the price did not continue the previous downward trend, but still hovered at the bottom. According to the commodity analysis system of Shengyi Society, the fluctuation range this week was 0. The price is still relatively low, with limited support for PVC.
3、 Future forecast
The PVC analyst from Shengyi Society believes that the PVC spot market will continue to perform poorly in the short term, with prices continuing to fluctuate weakly. On the one hand, the supply pressure is not decreasing, and next week we are facing the expectation of starting work, which is bearish for the supply. In addition, the operating rate of downstream factories is insufficient, the demand is average, and the supply-demand pattern is difficult to change in the short term. It is expected that PVC prices will not have a good performance next week.
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