According to the data monitored by SunSirs (the average ex-factory price of calcium carbide SG5), the average price of domestic mainstream PVC on October 27 was 7,050 RMB/ ton, up 0.36% compared with the previous day, 5.62% on a month on month basis, and 5.94% higher than the same period last year.

Market Analysis

PVC market rose steadily on Tuesday and the market picked up. After consolidation last week, the PVC market rebounded this week, and the spot market continued to rise due to the rebound of futures. On October 27, some enterprises raised the range of 50-100 RMB/ ton, and most of the quotations were stable, and the prices were generally around 7,000 RMB/ ton. Generally speaking, the market is fair, supply is tight, raw materials price is rising, futures rebounds, social inventory continues to decline, China PVC is easy to rise but difficult to fall, the overall market mentality is good.

In terms of spot goods, domestic PVC5 type tourmaline's mainstream quotation range is around 6,850-7,150 RMB/ ton. At present, the mainstream of PVC5 type tourmaline in East China is around 6,900-7,050 RMB/ ton, and that in Hebei Province is 6,950-7,020 RMB/ ton. The price of Inner Mongolia's goods source including tax is 6,730-6,800 RMB/ ton, which fluctuates in a narrow range; the price of PVC5 type tourmaline in Hangzhou is 6,970-7,070 RMB/ ton, and the price is up; the mainstream price of PVC ordinary calcium carbide in Guangzhou is 7,120-7,240 RMB/ ton, the price is rising, and the quotation of various places is rising steadily.

In terms of futures, the futures price of PVC rose again, boosting the spot market. On October 27, the main PVC futures contract 2101 opened 6,780 RMB/ ton and closed at 6,810 RMB/ ton. The settlement price of the previous day was 6,705 RMB/ ton, up 1.57%. The trading price was 6,750-6,820 RMB/ ton, with 150,816 transactions and 221,095 positions.

Market Forecast

SunSirs PVC analysts believe that the current futures rebound, tight supply, manufacturers inventory pressure, PVC fundamentals are still good, the market trading atmosphere is obvious, China PVC trend is expected to be strong in the short term, the price may continue to rise slightly.

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