1、 Price trend
According to the monitoring of the commodity market analysis system of the Business Society, the spot price of PVC carbide SG5 fell first and then rose this week. At the beginning of the week, the average domestic PVC price was 5856 yuan/ton, and the average weekend price was 5832 yuan/ton. The price fell by 0.41% during the week.
2、 Market analysis
This week, the domestic spot market price of PVC fell first and then rose. Overall, the price has slightly decreased. At present, the spot market is not good, and the trading situation is average. How many manufacturers’ quotations are mainly stable. Downstream just needs to pick up the goods, but the actual transaction is still cautious. As of now, the quotation range for PVC SG5 carbide materials in China is mostly around 5650-5920 yuan/ton.
In terms of crude oil, on November 16th, international crude oil futures plummeted. The settlement price of the main contract for US WTI crude oil futures was $72.90 per barrel, a decrease of $3.76 or 4.9%. The settlement price of the main contract for Brent crude oil futures was 77.42 yuan/barrel, a decrease of 3.76 US dollars or 4.6%. The US crude oil inventory has significantly increased, and more importantly, weak economic data has exacerbated concerns about the future demand outlook.
In terms of calcium carbide, according to data monitored by the Business Society, the prices of calcium carbide manufacturers have temporarily stabilized this week, with an average domestic price of 2900 yuan/ton. Some orchid charcoal enterprises have lowered their orchid charcoal quotations, resulting in insufficient cost support. The downstream PVC market has stabilized at a low level, and the demand for calcium carbide is average.
3、 Future Market Forecast
PVC analysts from Business Society believe that the PVC spot market has had average trading volume this week. Upstream calcium carbide is temporarily stabilized and sorted, with average support. Downstream real estate enterprises have poor demand, and the market has weak demand for PVC spot goods. In addition, the downward trend of PVC futures on Friday has dampened confidence in the spot market. It is expected that the PVC market will be weak in the short term and closely monitor changes in the news.
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