SunSirs: Domestic PVC Market Prices Fell on May 24
May 25 2022 14:31:55 SunSirs (John)
Price trend
On May 24, the average domestic spot price of PVC5 type was 8,600 RMB/ton, down 0.51% from the previous trading day and down 6.52% year-on-year.
Analysis review
The futures price fell, the spot market offer followed the decline, the market transaction was relatively flat, the downstream demand continued to maintain rigid demand, and the wait-and-see attitude was obvious.
PVC companies sold at profit-cutting, low prices were frequent, the market focus shifted downward, and transactions were more cautiously wait-and-see. As of the 24th, the price of raw calcium carbide was around 4,400-4,500 RMB/ton, and the price of PVC was 8,250-8,750 RMB/ton.
Market outlook
The PVC market is expected to weaken.
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