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SunSirs: China PVC Market Rises strongly after May Day

May 10 2021 14:17:59     SunSirs (Selena)

According to the data monitored by SunSirs (the average price of SG5 manufactured by calcium carbide method), on May 7, the mainstream average price of PVC in China was 9,150 RMB/ ton, up 2.09% from the beginning of this month and 62.67% from the same period last year.

After the May Day holiday, the price of PVC futures market rose strongly, driving the spot trend. From May 6 to 7, the price increased by about 2%, with a year-on-year increase of more than 60%. Manufacturers generally increased, with a daily increase of about 100-200 RMB/ ton. Most of the quotations now rose to above 9,000 RMB/ ton. Traders' offers also soared, and the overall focus of the market moved up. In recent days, the price of raw calcium carbide has risen, and the cost support has gradually strengthened. Moreover, the number of maintenance enterprises has increased in May, and the market supply has tightened, which is good for the price of PVC. At present, the export market has weakened, but the domestic market is relatively stable, and the quotation of downstream products industry has also risen with the rising of raw material market. However, the acceptance of high price PVC is still not high, and the market transaction is light, so we continue to maintain the purchase of rigid demand and make up on the cheap. Overall, the market is strong, raw material prices, tight supply, stable demand and other positive support PVC market strong operation.

In terms of spot price, the main quotation range of PVC5 calcium carbide in China is around 9,000-9,300 RMB/ ton. PVC5 calcium carbide in Hangzhou area is 9,300-9,500 RMB/ ton; The main stream of PVC5 calcium carbide in Changzhou area is 9,300-9,450 RMB/ ton; The mainstream price of PVC in Guangzhou is 9,300-9,450 RMB/ ton; Prices have risen in various markets.

Futures, a strong rise in spot prices, May 7 V2109 contract opening price: 9,120 RMB/ ton, the highest price: 9,305 RMB/ ton, the lowest price: 9,115 RMB/ ton, positions: 467,793, settlement price: 9,225 RMB/ ton, settlement price of the previous day: 9045 RMB/ ton, up 180 RMB/ ton.

SunSirs PVC analysts believe that after the holiday, the PVC market has a good start, the futures price has risen sharply, driving the spot trend. In addition, the price of raw material calcium carbide has continued to rise, the demand is stable, and the maintenance is good. It is expected that the PVC market will continue to rise in a volatile way in the short term in China.

 

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