1、 Price trend
According to the monitoring of the commodity market analysis system of Business Society, the spot price of PVC carbide method SG5 rose first and then fell this week. Overall, the price has increased. Last Friday, the average domestic PVC price was 5646 yuan/ton, and this Friday’s average price was 5698 yuan/ton, with a price increase of 0.92% during the week..
2、 Market analysis
This week, the domestic spot market price of PVC rose first and then fell, and overall, the price has increased. At present, the spot market situation is average, with light trading and low enthusiasm for downstream procurement. The manufacturer’s quotation is mainly stable. Downstream demand for goods is still cautious in actual transactions. As of now, the quotation range for PVC SG5 carbide materials in China is mostly around 5400-5830 yuan/ton.
On December 14th, international crude oil futures continued to rise, with a significant increase. The settlement price of the main WTI crude oil futures contract in the United States was $71.58 per barrel, with an increase of $2.11 or 3.0%. The settlement price of Brent crude oil futures main contract was 76.61 yuan/barrel, an increase of 2.35 US dollars or 3.2%. Previously, there was a oversold in the market, with the weakening of the US dollar driving up oil price valuations. Coupled with the International Energy Agency (IEA) raising its forecast for next year’s oil demand, the oil market was boosted.
In terms of calcium carbide, according to data monitored by Business Society, the prices of calcium carbide manufacturers have increased this week. Last Friday, the average price of domestic calcium carbide was 2900 yuan/ton, and this Friday’s average price was 2933.33 yuan/ton, with a price increase of 0.57% during the week. The upstream blue charcoal market is stable and weak, with average cost support. The downstream PVC market has slightly increased, leading to an increase in demand for calcium carbide.
3、 Future Market Forecast
Business Society PVC analysts believe that the trading situation in the PVC spot market this week is average. Upstream calcium carbide has slightly increased, with overall support being average. Downstream demand is poor, there is a strong wait-and-see atmosphere, and procurement enthusiasm is relatively low. It is expected that the PVC market will consolidate and operate within a certain range in the short term, and we will closely monitor changes in the news.
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