According to the monitoring of the commodity market analysis system of SunSirs, the PVC spot market fluctuated in the range last week (5.19-23), and the price performance was weak. As of Friday, the average price of SG-5 PVC carbide method in China was 4,681 RMB/ton, with a price drop of 0.95% during the week.

Last week, PVC fell from a high level, and the price did not continue the previous upward trend. Last week, the main trend was bearish, and most manufacturers made price adjustments within the week, with a range of around 50 RMB/ton. The market generally followed the decline, and dealers reported a decrease in offers. The main reason is the lack of favorable fundamentals, with crude oil prices fluctuating at low levels and the futures market continuing to decline. PVC spot prices tend to follow the downward trend and are relatively weak. From the perspective of supply and demand fundamentals, the spot PVC market has shown loose supply and demand, and most manufacturers' equipment is 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 4,650-4,800 RMB/ton.

In terms of upstream calcium carbide, last week (May 19-23), the calcium carbide market remained stable, and according to the Commodity Analysis System of SunSirs, the increase or decrease last week was 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 low downstream operating rates, insufficient 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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