SunSirs: China PVC Spot Market Prices fell in June

According to the data monitored by SunSirs, the price of PVC Spot market fell in June. On June 1st, the average price of PVC in China was 5,534 RMB/ton. On June 26th, the average price was 5,476.67 RMB/ton, and the price decreased by 1.04% during the month.

In June, the price of PVC Spot market fluctuated and fell. The overall market trading situation is light, and the demand for orders in the downstream market is average. The overall inventory pressure in the market is relatively high. Futures prices fell today, and confidence in the Spot market was hindered, also following the decline of futures prices. Downstream bargain hunting and replenishment. As of now, the quotation range for PVC5 carbide materials in China is mostly around 5,300-5,700 RMB/ton.

In terms of international crude oil, on June 26th, international crude oil futures closed slightly higher. The settlement price of the main contract for WTI crude oil futures in the United States was $69.37 per barrel, an increase of $0.33 or 0.5%. The settlement price of the Brent crude oil futures main contract was $74.35 per barrel, an increase of $0.34 or 0.5%. The unstable geopolitical situation has raised concerns about supply, diluting the bearish outlook for global demand.

In terms of calcium carbide, according to the Commodity Analysis System of SunSirs, the factory price of calcium carbide in the northwest region fell in June, with the price of calcium carbide dropping from 3,150 RMB/ton on June 1 to 2,900 RMB/ton on June 26, a decrease of 7.94%. At present, the prices of upstream blue charcoal have stabilized at a low level, with average cost support. The downstream PVC market has slightly declined, and the demand for calcium carbide has weakened.

SunSirs PVC analysts believe that the price of PVC Spot market fell in shock this month, the upstream carbide price fell, and the support weakened. In addition, the current market demand side performance is poor, the confidence of the two cities is insufficient, traders and downstream wait-and-see mentality is cautious, focusing on just demand, and making up orders on bargain hunting. It is expected that in the short term, the PVC Spot market will slightly fluctuate and reorganize.

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