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SunSirs: The Favorable Conditions were Superimposed in July, China PVC Market Price Rose
August 04 2021 14:16:18SunSirs(Selena)

According to the data monitored by SunSirs (the average ex-factory price of carbide SG5), the average price of domestic PVC mainstream was 9,137.5 RMB/ ton on July 30, an increase of 137.5 yuan compared with 9,000 RMB/ ton at the beginning of the month, an increase of 1.53% within the month, an increase of 41.12% compared with the same period last year.

In July, the PVC market leveled first and then rose. In the second half of the month, the price rose vigorously and continued to maintain a high operating state. In the first half of July, the PVC market generally operated steadily, and the price fluctuation was less than 1%. In the second half of the month, PVC futures rose strongly, driving the spot market to rise slightly. Raw calcium carbide was limited by the impact of electricity policy, the supply of goods was tight, the cost support was strong, and PVC went up. At the same time, due to the impact of tight raw materials and high prices, some PVC enterprises have reduced their operating load and device maintenance, the market supply has decreased, the supply side is good, and PVC has increased. Near the end of the month, the off-season factors and high price transactions were negative, and the PVC price decreased slightly, but it still showed an upward trend in the whole month.

In terms of spot, at present, the mainstream quotation range of PVC5 electric stone in China is mostly around 9,100-9,300 RMB/ ton. The interval of PVC5 electric stone in Hangzhou is 9,100-9,200 RMB/ ton; The mainstream of PVC5 electric stone in Changzhou is 9,100-9,250 RMB/ ton; The mainstream price of PVC ordinary electric stone in Guangzhou is 9,200-9,280 RMB/ ton; Local markets adjusted slightly.

In terms of futures, in July, the price of PVC futures fluctuated and rose to around 9,300 RMB/ ton, driving the price trend of the spot market. On August 2, the high fell, and the spot market fell. On Monday, the opening price of V2109 contract was 9,105 RMB/ ton, the highest price was 9,110 RMB/ ton, the lowest price was 8,895 RMB/ ton, the position was 332,553, the settlement price was 8,975 RMB/ ton, the settlement price of the previous day was 9,185 RMB/ ton, and the decline was 210 RMB/ ton.

SunSirs PVC analysts believe that the current off-season is not out, the downstream demand is limited, the atmosphere of high price transaction is general, and the offer of goods holders is loose, but the raw calcium carbide is operating at a high level, the cost support is still in place, and the inventory pressure is not large. It is expected that the short-term PVC market will be generally stable in China, dominated by small fluctuations.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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