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SunSirs: China PVC Spot Market Prices Rose Last Week (March 15-22)
March 26 2024 14:39:52SunSirs(Selena)

According to the monitoring of the commodity market analysis system of SunSirs, the spot market price of PVC increased last week. On March 15th, the average domestic PVC price was 5,566 RMB/ton, compared to last Friday's average price of 5,654 RMB/ton, with a price increase of 1.58% during the week.

Last week, the spot market price of PVC increased. From Monday to Thursday, PVC futures market prices are currently rising, boosting confidence in the spot market. Spot manufacturers are following up on price increases, but downstream procurement is relatively cautious. On Friday, the futures market shifted from rising to falling, and the atmosphere in the spot market weakened accordingly. The market was cautious and cautious, with some downstream companies placing orders at low prices that needed to be replenished. As of now, the quotation range for PVC SG5 type carbide materials in China is mostly around 5,470-5,850 RMB/ton.

On March 21st, international crude oil futures fell. The settlement price of the main WTI crude oil futures contract in the United States was $81.07 per barrel, a decrease of $0.20 or 0.3%. The settlement price of the Brent crude oil futures main contract was $85.24 per barrel, a decrease of $0.14 or 0.2%.

In terms of calcium carbide, according to data monitored by SunSirs, the prices of calcium carbide manufacturers have increased after the Spring Festival. Last Friday, the average price of domestic calcium carbide was 2,916.67 RMB/ton, and this Friday's average price was 2,983.33 RMB/ton, with a 2.29% increase in prices during the week. With the recovery of logistics transportation, enterprise shipments have improved, downstream procurement has actively improved, inventory has decreased, and market prices have increased.

SunSirs PVC analysts believe that the PVC spot market saw an upward trend last week. Upstream calcium carbide prices have increased, and cost support is still acceptable. Affected by the decline in external oil prices on the 21st, PVC futures prices turned from rising to falling last Friday, and the futures market returned to weakness. The performance of futures has suppressed confidence in the spot market, and it is expected that the PVC spot market will fluctuate and consolidate in the short term. Close attention will be paid to changes in the news.


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