August 18, 2022
According to the data monitored by SunSirs, the price of PVC calcium carbide method SG5 fell last week. The average price last week was 6,570 RMB/ ton, and the price fell by 1.48% during the week.
Last week, the domestic spot market of PVC rose first and then fell. On the whole, the price fell mainly. At present, the market is relatively light, and traders are not very motivated to buy goods. In addition, the futures price has been lowered today, and the market confidence is obviously insufficient, the market conditions are weakened, and the sales of stockholders are under pressure. The overall purchasing enthusiasm of downstream enterprises is not good, and the purchase price is lowered. Up to now, the price range of domestic PVC5 calcium carbide materials is mostly around 6400-6750 yuan/ton.
On August 11, international crude oil futures closed up. The settlement price of the main U.S. WTI crude oil futures contract was reported at US$94.34 per barrel, an increase of US$2.41 or 2.6%; the settlement price of the main contract of Brent crude oil futures was reported at US$99.60 per barrel, an increase of US$2.20 or 2.3%. Previous data showed that gasoline inventories in the United States fell sharply last week; in addition, the International Energy Agency (IEA) raised its forecast for oil demand growth this year, and the data level eased the expected pressure on demand decline caused by the economic recession; the superimposed natural gas price surged, making the Alternative energy demand for oil got a boost.
In terms of calcium carbide, the average price last Friday was 4,050 RMB/ ton, and the price rose 2.97% during the week. Most of the ex-factory prices of calcium carbide manufacturers were stable last week, while the prices of individual enterprises rose. The price of upstream orchid charcoal has been consolidated at a low level, the market destocking is obvious, and the cost support is acceptable. The downstream PVC market fluctuated, and the purchasing enthusiasm during the week was acceptable, and the calcium carbide transaction was relatively positive.
The spot price of PVC rose first and then fell last week in China. At present, the demand for PVC spot market is general. Downstream enterprises are more wait-and-see, and mainly take orders on demand. Futures prices fell today, and traders were less motivated to get goods. It is expected that the PVC market will continue to fluctuate within a narrow range in the short term in China.