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China PVC Spot Market Prices Continued to Fall in October

November 7, 2022

Latest company news about China PVC Spot Market Prices Continued to Fall in October

According to the data monitored by SunSirs, the spot market price of PVC SG5 fell in October. On October 1, the average price of domestic PVC was 6,265.71 RMB/ ton, and on October 28, the average price was 6,021.43 RMB/ ton. The price fell 3.9% in the month.

After the National Day holiday, the market price of PVC calcium carbide SG5 rose slightly for a short time. With the end of the small replenishment after the festival, affected by the decline of futures, the lack of confidence in the PVC spot market weakened, and the market price began to fall gradually. Both futures and current prices fell this month, which affected market confidence mutually. At present, most manufacturers do not make external quotations, and the actual transaction is limited. The market trading atmosphere is more light. Up to now, the quotation range of PVC 5 carbide in China is mostly around 5,650-6,200 RMB/ ton.

In terms of international crude oil, on October 27, the international crude oil futures prices continued to rise on the previous trading day. The settlement price of the main contract of U.S. WTI crude oil futures was 89.08 dollars/barrel, up 1.17 dollars or 1.3%; The settlement price of Brent crude oil futures contract in December was 96.96 dollars/barrel, up 1.27 dollars or 1.3%. The focus of the market is still on the problem of tight supply. In addition, the economic data released on Thursday showed that the US GDP grew moderately by 2.6% in the third quarter, which is also good for oil prices at the macro level.

In terms of calcium carbide, the mainstream factory price of calcium carbide in northwest China rose slightly in October. The price of calcium carbide rose from 3,700.00 RMB/ ton on October 1 to 3,950.00 RMB/ ton on October 28, an increase of 6.76%. The price at the end of the month fell by 50.83% year-on-year. In the future: in the first ten days of November, the carbide market may fall slightly, mainly finishing. The price of upstream raw material blue charcoal has risen slightly recently, and the cost of calcium carbide is well supported. However, the downstream 1,4 butanediol and PVC markets declined slightly, and the downstream demand weakened. In the future, it is predicted that carbide prices in northwest China will fall slightly in the first ten days of November, mainly finishing.

SunSirs PVC analysts believe that the PVC spot market price continued to fall this month, and the downstream demand was affected by the market performance of real estate data, and the market demand was still lower than expected. Although the upstream crude oil futures and calcium carbide prices rose, the impact on PVC spot prices was limited. China PVC market is expected to be weak and stable in the short term.

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