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.

The price of boric acid has been relatively stable recently. According to the Commodity Market Analysis System of Business Society, the average price of boric acid in the domestic market was 7400 yuan/ton on March 21st. At present, the quotation range for domestic boric acid traders is between 6900-7800 yuan/ton (the actual transaction price for different brands, specifications, and products is mainly negotiated).

In terms of overseas imported goods, the current foreign quotation for imported goods is concentrated at 7500-7800 yuan/ton (the actual transaction price of different brands, specifications, and products is mainly negotiated). According to the Commodity Market Analysis System of Business Society, as of March 21st, the average market price of imported boric acid was 7650 yuan/ton, an increase of 0.16% compared to the average market price of 7637.5 yuan/ton at the beginning of March.

The price of boric acid began to decline from its high point in June 2022, and began to bottom out and fluctuate horizontally in May 2023. Currently, it is still operating in the range of bottom box fluctuations. If there is no positive news, it is expected to be difficult to change in the short term.

Product name: Neopentanediol

Latest price (March 20th): 10433.33 yuan/ton

On March 20th, the domestic market price of new pentanediol slightly decreased, with a decrease of 200 yuan/ton compared to March 19th, a decrease of 1.88%, and a year-on-year decrease of 1.57%. The market situation of raw material isobutyraldehyde has recently experienced a slight decline, with insufficient cost support. The downstream polyester resin market is average, with a strong wait-and-see atmosphere, and downstream customers have weak enthusiasm for purchasing new pentanediol.

It is expected that the domestic market price of new pentanediol will fluctuate slightly in the future. The average market price is around 10300 yuan/ton.

According to the Commodity Market Analysis System of Business Society, as of March 19th, the average quoted price of polyethylene glycol 400 by enterprises was 7550.00 yuan/ton, which is unchanged from last Thursday (March 14th).

Recently, the polyethylene glycol market has continued to operate steadily, with no significant price changes. In recent times, there has been strong support for the market in terms of costs, with downstream water reducing agent markets mainly following steadily. Industries such as printing and dyeing and daily chemical products are in high demand for purchases, and market transactions are orderly.

Recent quotations for polyethylene glycol 400 products in the East and South China markets (for reference only), with actual transaction negotiations as the main focus:

Market/ March 14th March 19th Rise and Fall

East China/ 7700-7900 yuan/ton 7700-7900 yuan/ton 0

South China/ 7800-8000 yuan/ton 7800-8000 yuan/ton 0

Cost side:

Upstream ethylene oxide: According to the commodity market analysis system of Business Society, on March 18th, the reference price of ethylene oxide was 6900.00, an increase of 1.47% compared to March 1st (6800.00). In mid March, the market price of ethylene oxide increased, providing support for the polyethylene glycol market. Currently, some equipment maintenance and short-term supply side support still exist, and downstream demand is mainly followed up. The support for the polyethylene glycol market may still be stable.

Upstream ethylene glycol: According to the commodity market analysis system of Business Society, the reference price of ethylene glycol on March 18th was 4560.00, a decrease of 0.98% compared to March 1st (4605.00), which provides moderate support for the polyethylene glycol market.

According to polyethylene glycol analysts from Business Society, short-term cost support is still strong, and downstream enterprises tend to make essential purchases based on their own situation. It is expected that the polyethylene glycol market will remain stable in the short term, and more attention should be paid to the trend of upstream ethylene oxide.

The price of boric acid has been relatively stable recently. According to the commodity market analysis system of Business Society, the average price of boric acid in the domestic market in March was 7400 yuan/ton. At present, the quotation range for domestic boric acid traders is between 6900-7800 yuan/ton (the actual transaction price for different brands, specifications, and products is mainly negotiated).

In terms of overseas imported goods, the current foreign quotation for imported goods is concentrated at 7500-7800 yuan/ton (the actual transaction price of different brands, specifications, and products is mainly negotiated). According to the Commodity Market Analysis System of Business Society, as of March 15th, the average market price of imported boric acid was 7643.75 yuan/ton, a decrease of 2.63% compared to the market average price of 7850 yuan/ton at the beginning of the year.

The price of boric acid began to decline from its high point in June 2022, and began to bottom out and fluctuate horizontally in May 2023. Currently, it is still operating in the range of bottom box fluctuations. If there is no positive news, it is expected to be difficult to change in the short term.