SunSirs: China PVC Spot Market Prices Remain Stable with some Increases (December 18-22)

According to the monitoring of the commodity market analysis system of SunSirs, the spot price of PVC carbide method SG5 remained basically stable last week. At the beginning of the week, the average domestic PVC price was 5,698 RMB/ton, and the average weekend price was 5,702 RMB/ton, with a price increase of 0.07% during the week.

Last week, the domestic spot market price of PVC remained stable with an increase. At present, the spot market situation is still good, and the trading situation is average. The manufacturer's quotation is mainly stable. Downstream demand for goods is still cautious in actual transactions. As of now, the quotation range for PVC SG5 type carbide materials in China is mostly around 5,550-5,880 RMB/ton.

On December 21st, international crude oil futures closed lower. The settlement price of the main WTI crude oil futures contract in the United States was $74.22 per barrel, a decrease of $0.33 or 0.4%. The settlement price of Brent crude oil futures main contract was $79.16 per barrel, a decrease of $0.5 or 0.7%.

In terms of calcium carbide, according to data monitored by SunSirs, the prices of calcium carbide manufacturers slightly increased last week. At the beginning of the week, the average price of domestic calcium carbide was 2,966.67 RMB/ton, and the average price over the weekend was 2,983.33 RMB/ton, with a price increase of 0.56% during the week. The upstream blue charcoal market is stable and weak, with average cost support. The downstream PVC market has slightly increased, leading to an increase in demand for calcium carbide.

The PVC analyst from SunSirs believes that the trading volume in the PVC spot market was average last week. Upstream calcium carbide has slightly increased, and the support situation is still acceptable. The demand for downstream real estate enterprises is average, and the market has a general demand for PVC spot goods, mainly on demand. It is expected that the PVC spot market will tend to strengthen and consolidate in the short term, and we will closely monitor changes in the news.

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