SunSirs: China PVC Spot Market Prices Rose this Week (June 12-16)

According to the monitoring of the Commodity Market Analysis System of SunSirs, the spot price of PVC carbide SG5 has slightly increased last week. The average domestic PVC price on Monday was 5,524 RMB/ton, and on Friday it was 5,554 RMB/ton. The weekly price has increased by 0.54%.

The price of PVC in the domestic Spot market rose slightly this week. At present, the market trading situation is fairly good. The closing price of futures has risen, which has driven the confidence of the Spot market. The spot price has a good attitude and the price has risen. However, downstream procurement enthusiasm is still average, with replenishment based on demand as the main focus. Be cautious in actual transactions and wait and see. As of now, the quotation range for PVC5 carbide materials in China is mostly around 5,320-6,170 RMB/ton.

In terms of crude oil, international crude oil futures rose on June 15th. The settlement price of the main contract for WTI crude oil futures in the United States was 70.62 US dollars per barrel, an increase of 2.35 US dollars or 3.4%. The settlement price of the Brent crude oil futures main contract was $75.67 per barrel, an increase of $2.47 or 3.4%. Unexpected retail growth in the United States in May, supported by positive employment data. The significant increase in processing capacity of Chinese refineries has led to a rebound in the oil market.

In terms of calcium carbide, according to data monitored by SunSirs, the factory price of calcium carbide in the northwest region has slightly increased this week. On Monday, the average ex factory price of mainstream calcium carbide manufacturers in Northwest China was 2,883.33 RMB/ton, while on Friday, the average price was 2,900 RMB/ton, with a price increase of 0.58% during the week. Upstream blue charcoal prices have stabilized at a low level, with average cost support. Downstream PVC prices have slightly increased, and demand for calcium carbide is still acceptable.

SunSirs PVC analysts believe that the spot price of PVC has slightly increased this week. At present, the factory price of calcium carbide has slightly increased, and the support is still acceptable. Futures closed higher on Friday, which was good for the Spot market to a certain extent, but the performance of terminal real estate was poor. Downstream and traders were mainly wait-and-see, replenishing as needed, and the market was cautious. It is expected that China PVC market will operate stronger in the short term, and we will closely monitor changes in the news.

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