According to the monitoring of the commodity market analysis system of SunSirs, last week (10.13-17), the PVC spot market mainly adjusted within the range, and the price did not change much compared to last week. The market price slightly rebounded after a decline during the week. As of Friday, the average price of SG-5 PVC carbide method in China was 4,536 RMB/ton, with a slight increase of 0.02% during the week.

Last week, the ex factory prices of PVC manufacturers mostly remained at last week's price level, with some slight adjustments controlled at 20-50 RMB/ton. Due to the lack of significant improvement in fundamentals, crude oil prices continued to decline throughout the week, and the futures market maintained a range bound volatile trend. After a decline from the beginning of the week to the middle of the week, PVC prices slightly rebounded towards the weekend and basically returned to the beginning of the week level. The overall oscillation range continues to narrow. 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 electric aggregate in China is mostly around 4,580-4,700 RMB/ton.

In terms of upstream calcium carbide, as we enter October, the price of calcium carbide continues to decline. Last week, the calcium carbide market still showed weakness, and prices continued to decline. According to the Commodity Analysis System of SunSirs, the decline last week was 0.39%. The weak prices of upstream raw materials have brought certain negative effects to PVC.

The PVC analyst from SunSirs believes that on a macro level, crude oil and futures continue to suppress, and the PVC spot market is lukewarm, mainly due to insufficient downstream operating rates, average demand, and difficulty in changing 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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