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 (3.17-21), and the price performance was weak. As of Friday, the average price of SG-5 PVC carbide method in China was 4894 yuan/ton, with a price drop of 0.12% during the week.
2、 Market analysis
This week, PVC’s weak consolidation was the main focus, with some manufacturers lowering their prices by around 50 yuan/ton during the week. The main reason is the lack of favorable fundamentals, resulting in weak performance of crude oil prices and a downturn in the futures market. PVC prices continue to show a weak trend, with a slight downward shift in the overall range. From the perspective of supply and demand fundamentals, the spot PVC market has shown loose supply and demand, and most manufacturers are operating stably. The supply pressure has not changed much, dealers’ 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 the 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 electric aggregate in China is mostly around 4800-4900 yuan/ton.
In terms of upstream calcium carbide, since March, the market price of calcium carbide has stabilized and risen narrowly. This week, the price increase was weak, and the price has stabilized. According to the commodity analysis system of Shengyi Society, the price fluctuation 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 remains weak, mainly due to insufficient downstream operating rates, average demand, and difficulty in improving the supply-demand pattern in the short term. It is expected that PVC prices will continue to maintain a range adjustment pattern next week.
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