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SunSirs: China PVC Spot Market Prices first Fell and then Rose (November 13-17)
November 20 2023 14:33:47SunSirs(Selena)

According to the monitoring of the Commodity Market Analysis System of SunSirs, the spot price of PVC carbide SG5 first fell and then rose last week. At the beginning of the week, the average domestic PVC price was 5,856 RMB/ton, and the average weekend price was 5,832 RMB/ton. The price fell by 0.41% during the week.

Last week, the domestic spot market price of PVC fell first and then rose. Overall, the price has slightly decreased. At present, the spot market is not good, and the trading situation is average. How many manufacturers' quotations are mainly stable. Downstream just needs to pick up the goods, but the actual transaction is still cautious. As of now, the quotation range for PVC SG5 carbide materials in China is mostly around 5,650-5,920 RMB/ton.

In terms of crude oil, on November 16th, international crude oil futures plummeted. The settlement price of the main contract for US WTI crude oil futures was $72.90 per barrel, a decrease of $3.76 or 4.9%. The settlement price of the main contract for Brent crude oil futures was $77.42 per barrel, a decrease of $3.76 or 4.6%. The US crude oil inventory has significantly increased, and more importantly, weak economic data has exacerbated concerns about the future demand outlook.

In terms of calcium carbide, according to data monitored by SunSirs, the prices of calcium carbide manufacturers have temporarily stabilized this week, with an average domestic price of 2900 RMB/ton. Some orchid charcoal enterprises have lowered their orchid charcoal quotations, resulting in insufficient cost support. The downstream PVC market has stabilized at a low level, and the demand for calcium carbide is average.

PVC analysts from SunSirs believe that last week's PVC spot market trading was average. Upstream calcium carbide is temporarily stabilized and sorted, with average support. Downstream real estate enterprises have poor demand, and the market has weak demand for PVC spot goods. In addition, the downward trend of PVC futures on Friday has dampened confidence in the spot market. It is expected that the PVC market will be weak in the short term and closely monitor changes in the news.


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