According to the monitoring of the commodity market analysis system of SunSirs, the PVC spot market fell from a high level last week (12.1-5), and prices fluctuated downward. As of last Friday, the average price of SG-5 PVC carbide method in China was 4,400 RMB/ton, with a drop of 1.23% during the week.

Last week, PVC did not continue its previous upward trend, and prices continued to decline during the week. During the week, most manufacturers provided stable quotes, with some mainly lowering their prices by within a hundred yuan. The fundamental performance of supply and demand is weak, with obvious supply pressure. Although the operating rate of manufacturers has not increased, social inventory is still in the process of rising. In terms of demand, external demand is weak, and exports are affected by the external environment, resulting in increased export pressure. The domestic market maintains a stable demand for essential goods. Overall, demand is weak. As of now, the quotation range for PVC SG5 electrical aggregate in China is mostly around 4,450-4,480 RMB/ton.

In terms of upstream calcium carbide, the calcium carbide market rebounded last week, with a growth rate of 3.8% according to the Commodity Analysis System of SunSirs. The rise in calcium carbide prices has driven downstream PVC prices to rebound at the beginning of the week, but from mid week to the weekend, the market was affected by supply and demand pressures, and prices did not continue to rise.

The PVC analyst from SunSirs believes that the PVC spot market is expected to continue to perform poorly in the short term. Looking at next week, the pressure on the supply side may ease, and equipment such as Jinlu and Yibin Tianyuan have maintenance plans. However, considering the high social inventory, there will not be much change in the supply in the near future. From the demand side, the enthusiasm for external procurement is not high, the demand performance is average, and the market demand is mainly driven by urgent needs. Overall, PVC prices may stop falling this week and turn into volatility, and a real rebound market may not occur.

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