SunSirs: PVC Spot Market Prices Fluctuated and Fell (January 15-19)
January 22 2024 14:47:10 SunSirs (Selena)
According to the monitoring of the commodity market analysis system of SunSirs, the spot price of PVC carbide method SG5 fluctuated and fell last week. At the beginning of the week, the average domestic PVC price was 5,550 RMB/ton, and the average weekend price was 5,538 RMB/ton, with a 0.22% increase in price during the week.
Last week, the PVC spot market prices fluctuated. At present, the spot market situation is still good, and the trading situation is average. The manufacturer's quotation is mainly stable. Downstream just needs to pick up goods, considering that the end of the year is approaching, some small processing plants are considering a holiday. Downstream demand is slowing down, enterprise inventories are high, and actual transactions are cautious. As of now, the quotation range for PVC SG5 carbide materials in China is mostly around 5,280-5,750 RMB/ton.
On January 18th, international crude oil futures rose. The settlement price of the main WTI crude oil futures contract in the United States was $73.95 per barrel, with an increase of $1.47 or 2.0%. The settlement price of the Brent crude oil futures main contract was $79.10 per barrel, an increase of $1.22 or 1.6%.
In terms of calcium carbide, according to data monitored by SunSirs, the prices of calcium carbide manufacturers remained stable last week, with an average domestic price of 3,000 RMB/ton. The upstream blue charcoal market is consolidating at a low level, with average cost support. The downstream PVC market prices have slightly declined, and downstream demand has weakened. In the future, it is expected that the price of calcium carbide in the northwest region will fluctuate and fall narrowly in late January, with consolidation being the main trend.
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