Price Trend
According to the data monitored by business associations (average price of SG5 manufactured by calcium carbide method), domestic PVC quoted 6350 yuan/ton on Feb. 18 and domestic PVC quoted 6350 yuan/ton on Feb. 22, with little change in price, the fluctuation range is 50-100 yuan/ton, and the PVC market runs smoothly.
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II. Cause Analysis
Product aspect: After the Spring Festival, the spot market atmosphere of PVC has gradually recovered, the market inventory has increased, the main demand is still recovering, the actual volume is not much, stable price operation. Recently, there has been little volatility in PVC futures, which has little impact on the spot market. Up to February 22, the domestic mainstream price range of PVC is 6150-6600 yuan/ton.
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P > Industry: On February 22, the rubber and plastic index was 734 points, unchanged from yesterday, down 30.75% from the highest point of 1060 points in the cycle (2012-03-14), and up 27.43% from the lowest point of 576 points on December 21, 2015. (Note: Cycle refers to 2011-12-01 to date) This week, commodity market shocks slightly, the overall trend of rubber and plastic industry consolidation.
3. Future Market Forecast
Business analysts believe that after the Spring Festival, the PVC market is in a recovery period, stable operation, price consolidation. It is expected that the downstream demand side will gradually recover in the future, and the future market will oscillate. The mainstream price of PVC 5 is 6100-6650 yuan/ton.
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