1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, the PVC spot market fluctuated within a range this week (8.4-8), with prices rising within the week and then falling back. As the weekend approached, prices basically returned to the level at the beginning of the week. As of Friday, the average price of SG-5 PVC carbide method in China was 4780 yuan/ton, with a slight increase of 0.61% during the week.
2、 Market analysis
This week, most PVC manufacturers maintained price stability, with some making slight adjustments within 50 yuan/ton. Due to the lack of favorable fundamentals, crude oil prices have weakened and fallen, and the futures market has experienced repeated range fluctuations, making it difficult to maintain a long-term strong pattern. After the PVC price rose at the beginning of the week, it stopped rising and slightly fell back, with a weak price and 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 electrical aggregate in China is mostly around 4850-5000 yuan/ton.
In terms of upstream calcium carbide, the calcium carbide market rebounded this week, with a slight increase in prices. According to the commodity analysis system of Shengyi Society, the increase this week was 1.4%. But since August, the market has been volatile, with a comprehensive increase or decrease of 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 is average, mainly due to insufficient downstream operating rates and average demand. The supply-demand pattern is difficult to change in the short term, and it is expected that PVC prices will continue to maintain a range adjustment pattern next week.
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