China PVC Spot Market Fell in September

October 13, 2022

Latest company news about China PVC Spot Market Fell in September

According to the data monitored by SunSirs, the spot market price of PVC SG5 fell in September. On September 1, the average price of domestic PVC was 6,461.43 RMB/ ton, and on September 30, the average price was 6,265.71 RMB/ ton. The price fell 3.03% in the month.

In September, the market price of PVC calcium carbide method SG5 rose first and then fell, with the overall trend mainly falling. In the first half of September, the PVC price increased steadily, the downstream inquiries increased, and the market trading atmosphere was fair. In the second half of September, the price fell, the spot market became weaker, and the futures price fell, which affected the confidence of the spot market. The spot market price fell, the actual transaction was limited, and the market trading atmosphere was light. Up to now, the quotation range of PVC 5 carbide in China is mostly around 6,000-6,450 RMB/ ton.

In terms of international crude oil, on September 29, the international crude oil futures closed lower. The settlement price of the main contract of the U.S. WTI crude oil futures was 81.23 dollars/barrel, down 0.92 dollars or 1.12%; The settlement price of the main contract of Brent crude oil futures was 87.18 dollars/barrel, down 0.87 dollars or 0.99%. The Organization of Petroleum Exporting Countries and its allies (OPEC+) will hold a ministerial meeting next week, after Russia proposed to reduce production by 1 million barrels per day, and oil prices rebounded in the previous two trading days. Oil prices fell on Thursday, mainly because the market weighed the risk of economic recession, and oil prices remained under pressure.

In terms of calcium carbide, in September, the mainstream factory price of calcium carbide in northwest China fluctuated in a narrow range. The price of calcium carbide rose from 3,700.00 RMB/ ton on September 1 to 3,733.33 RMB/ ton on September 2, an increase of 0.90%. Maintain stable operation until September 8. Then it fell to 3,616.67 RMB/ ton on September 16, down 3.12%. Finally, it rose to 3,700.00 RMB/ ton at the end of the month, up 2.20%. The price at the end of the month was 50.11% lower than the same period last year. In the future, it is predicted that carbide prices in northwest China will rise slightly in the first ten days of October, mainly due to consolidation.

The spot market price of PVC fell in September, and the market demand was average. However, futures prices rebounded at the end of the month, driving the spot atmosphere to improve. The PVC market is expected to be stable and good in the short term.

Get in touch with us
Contact Person : Mr. Karl Shen
Tel : +8615052152041
Fax : 86-510-85881876
Characters Remaining(20/3000)