SunSirs: Domestic PVC Market prices Fell on March 23
March 24 2022 09:06:12 SunSirs (John)
The latest price (March 23): 8,880 RMB/ton
On March 23, the average domestic spot price of PVC5 type was 8,880 RMB/ton, down 0.34% from the previous trading day and down 0.5% year-on-year.
Analysis review
Affected by the recent public health incident, the demand of downstream demand products industry has weakened, and the market focus has shifted downward. In addition, the price of raw materials has been lowered, and the focus of the PVC market has shifted downward. The actual transaction is mainly based on negotiation. At present, the price of raw calcium carbide is around 4,400-4,550 RMB/ton, and the price of PVC is 8,700-9,150 RMB/ton.
Market outlook
The PVC market is expected to fluctuate within a narrow range.
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