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 (11.3-7), and the price performance was weak. As of Friday, the average price of SG-5 PVC carbide method in China was 4490 yuan/ton, with a price drop of 0.88% during the week.
2、 Market analysis
This week, PVC showed weak consolidation, with most manufacturers maintaining stability and some making slight adjustments within 50 yuan/ton. Entering the weak range of the PVC market in November, the main reason is the lack of favorable fundamentals, the sustained weakness of crude oil prices, and the continuous fluctuation of prices at low levels, as well as the weakness of the futures market. The spot price of PVC is also unlikely to have a strong 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 electrical aggregate in China is mostly around 4550-4680 yuan/ton.
In terms of upstream calcium carbide, the performance of the calcium carbide market was sluggish this week, and the price did not continue the previous downward trend, but still hovered at the bottom. According to the commodity analysis system of Shengyi Society, the fluctuation range 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 sluggish performance of the PVC spot market is 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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