According to the monitoring of the commodity market analysis system of SunSirs, the PVC spot market fluctuated within a range last week (6.23-27), and the price performance was weak. As of Friday, the average price of SG-5 PVC carbide method in China was 4,673 RMB/ton, with a 0.09% decrease in price during the week.

Last week, PVC was mainly weakly consolidated, with most manufacturers maintaining stability and some making slight adjustments within 50 RMB/ton during the week. The main reason is the lack of favorable fundamentals, resulting in a severe decline in crude oil prices and a volatile decline in the futures market. The price of PVC has shown a trend of stabilization, with a weak price and a slight downward shift in the overall range. From the perspective of supply and demand fundamentals, the spot PVC market has shown loose supply and demand, and most manufacturers are operating stably. The supply pressure has not changed much, dealers' offers are generally weak, downstream demand performance is insufficient, downstream procurement is mainly based on spot prices, inquiry and procurement enthusiasm is not high, and the market atmosphere is sluggish. The hanging order price is relatively low. Overall, it is still mainly driven by basic needs, and the trading atmosphere is average. As of now, the quotation range for PVC SG5 electrical aggregate in China is mostly around 4,650-4,750 RMB/ton.

In terms of upstream calcium carbide, last week's market performance was sluggish, and the price did not continue the previous upward trend. The rise was weak, and the price stabilized. According to the commodity analysis system of SunSirs, the rise and fall last week were 0. The price is still relatively low, with limited support for PVC.

The PVC analyst from SunSirs believes that the sluggish performance of the PVC spot market is mainly due to insufficient downstream operating rates, average demand, and difficulty in improving the supply-demand pattern in the short term. It is expected that PVC prices will continue to maintain a range adjustment pattern this week.

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