SunSirs: Domestic PVC Market Prices Rose on March 29
March 30 2022 08:59:43 SunSirs (John)
Price trend
The latest price (March 29): 9,000 RMB/ton
On March 29, the average domestic spot price of PVC5 type was 8,880 RMB/ton, down 0.56% from the previous trading day and up 3% year-on-year.
Analysis review
The disk was on the strong side, and the upward trend of futures drove the atmosphere of the spot market to increase. The offer of stockholders increased, and the market focus moved upward. However, after the price pushed up, downstream inquiries were normal, high-priced transactions were normal, and actual transactions were mainly negotiated. As of the 29th, the price of raw calcium carbide was around 4,400-4,550 RMB/ton, and the price of PVC was 8,900-9,300 RMB/ton.
Market outlook
It is expected that the PVC market will be stable and strong.
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