SunSirs: China PVC Spot Market Prices first Fell and then Rose in January, 2024

According to data monitored by SunSirs, the PVC spot market price in January first fell and then rose, and overall, the price fell. On January 1st, the average price of PVC in China was 5,638 RMB/ton. On January 30th, the average price was 5,592 RMB/ton, and the price dropped by 0.82% during the month.

In January, the spot market price of PVC first fell and then rose, and overall, the price fell. In the first half of this month, the spot market price of PVC fell. The enthusiasm for market inquiries is average, and market transactions are light. In the middle of the month, the delivery situation is average, and 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. Demand is slowing down, corporate inventories are high, and actual transactions are cautious. In the latter half of the year, the spot market stopped falling and rose, with futures trading showing four consecutive gains, driving confidence in the spot market. In addition, with the approaching Spring Festival, some companies are hoarding a small amount of goods, and the trading atmosphere in the market has improved. As of now, the quotation range for PVC 5 type carbide materials in China is mostly around 5,300-5,800 RMB/ton.

On January 29th, international crude oil futures fell. The settlement price of the main WTI crude oil futures contract in the United States was $76.78 per barrel, a decrease of $1.23 or 1.6%. The settlement price of the Brent crude oil futures main contract was $81.83 per barrel, a decrease of $1.15 or 1.6%.

In terms of calcium carbide, according to the commodity market analysis system of SunSirs, the ex factory price of calcium carbide in the northwest region fell in January. On January 1st, the average ex factory price of mainstream calcium carbide manufacturers in Northwest China dropped from 3,016.67 RMB/ton at the beginning of the week to 3,000 RMB/ton on January 30th, a decrease of 0.55%. The downstream PVC market slightly declined, demand weakened, and the price of raw material blue charcoal slightly decreased, resulting in insufficient cost support. 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.

PVC analysts from SunSirs believe that PVC has experienced a decline followed by an increase this month, and overall prices have declined. As the end of the month approaches, market demand slows down and enterprise inventories are high. Downstream processing enterprises are gradually taking holidays, and their enthusiasm for purchasing PVC spot goods is average. It is expected that the PVC market will remain stable in the short term.

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