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SunSirs: China PVC Spot Market Rose First and then Fell Last Week (December 2-9)
December 12 2022 10:57:43SunSirs(Selena)

According to the data monitored by SunSirs, the PVC calcium carbide SG5 rose first and then fell last week. On the whole, the price rose slightly. On Friday, the average price of domestic PVC was 6,008.57 RMB/ton, and on last Friday, the average price was 6,025 RMB/ton. The price rose 0.27% within the week.

Last week, the SG5 of PVC calcium carbide method rose first and then fell. On the whole, the price rose slightly. At present, the overall trading situation of the market is relatively general, the actual transaction situation of the spot market is general, the enthusiasm for inquiry and goods acquisition is weak, and more wait-and-see, the actual transaction is more cautious, and the demand is strong. Up to now, the quotation range of domestic PVC5 carbide materials is mostly around 5,700-6,300 RMB/ton.

In terms of crude oil, international crude oil futures closed lower on December 8. The settlement price of the main contract of US WTI crude oil futures was 71.46 dollars/barrel, down 0.55 dollars or 0.76%. The settlement price of the main contract of Brent crude oil futures was 76.15 dollars/barrel, down 1.02 dollars or 1.32%. The market was shrouded in a negative atmosphere, and the oil market was dragged down by the fear of economic recession. The expectation of the Federal Reserve to raise interest rates next week will put pressure on oil prices and weaken energy demand.

In terms of calcium carbide, the average ex factory price of mainstream calcium carbide manufacturers in northwest China fell from 3,800 RMB/ton on Friday to 3,766.67 RMB/ton at the end of last week, down 0.88%. The upstream carbon price was consolidated at a high level, with good cost support. The downstream PVC market rose first and then fell, and the demand for calcium carbide weakened.

SunSirs PVC analysts believe that PVC rose first and then fell last week, with a slight increase. The downstream demand is general, and the purchase is mainly on demand, with limited new orders. It is expected that in the short term, China PVC market price will fluctuate and consolidate.

 

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