According to the monitoring of the commodity market analysis system of SunSirs, the PVC spot market fluctuated within a range last week (7.14-18), with prices rising within the week and then falling back. As the weekend approached, prices basically returned to the level at the beginning of the week. As of Friday, the average price of SG-5 PVC carbide method in China was 4,731 RMB/ton, with a slight decrease of 0.04% during the week.

Last week, most PVC manufacturers maintained price stability, with some making slight adjustments within 50 RMB/ton. The main reason is the lack of favorable fundamentals, with crude oil prices fluctuating weakly and the futures market fluctuating repeatedly, making it difficult to maintain a long-term strong pattern. After the PVC price rose at the beginning of the week, it stopped rising and stabilized, 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 4,700-4,850 RMB/ton.

In terms of upstream calcium carbide, the calcium carbide market performed poorly last week, and the price did not continue to decline this week. The price has stabilized, and according to the commodity analysis system of SunSirs, the price increase or decrease last week was 0. But there has still been a nearly 1% decline since July. The price is still relatively low, with limited support for PVC.

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

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.