SunSirs: China PVC Spot Market Prices was Falling (Ocotber 9-13)

According to the monitoring of the Commodity Market Analysis System of SunSirs, the spot price of PVC carbide SG5 decreased this week. At the beginning of the week, the average domestic PVC price was 5,930 RMB/ton, and the average weekend price was 5,842 RMB/ton. The price fell by 1.48% during the week.

This week, the domestic spot market price of PVC fell. The upstream calcium carbide market prices have temporarily stabilized and reorganized, with futures opening at a low price after the holiday. During the week, the futures market weakened slightly, and there was a significant lack of confidence in the futures markets. PVC spot prices have been lowered. In terms of demand, the downstream market procurement is not active after the holiday, and the trading atmosphere on the market is weak. Many people are cautious and wait, and the overall transaction situation is weak, with just the need for replenishment being the main focus. As of now, the quotation range for PVC5 carbide materials in China is mostly around 5,520-5,940 RMB/ton.

In terms of crude oil, on October 12th, international crude oil futures were mixed. US WTI crude oil futures closed higher, with the main contract settlement price at $82.91 per barrel, up 0.58 US dollars or 0.7%. Brent crude oil futures fell, with the main contract settlement price at $86.00 per barrel, a decrease of $0.18 or 0.2%.

In terms of calcium carbide, according to data monitored by SunSirs, the prices of calcium carbide manufacturers have temporarily stabilized this week, with an average domestic price of 2,966.67 RMB/ton. The upstream price of blue charcoal is stable and relatively strong, with good cost support. The downstream PVC market has slightly declined, and the demand for calcium carbide has weakened.

PVC analysts from SunSirs believe that the trading volume in the PVC spot market is relatively light this week. Upstream calcium carbide is temporarily stabilized and sorted, with average support. Futures prices have mostly declined, suppressing confidence in the spot market and causing a decline in the PVC spot market. It is expected that the PVC market will experience slight fluctuations in the short term, and we will closely monitor changes in the news.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.