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China PVC Spot Price Fell Last Week (October 17-21)

October 27, 2022

Latest company news about China PVC Spot Price Fell Last Week (October 17-21)

According to the data monitored by SunSirs, the price of PVC calcium carbide SG5 fell last week. The average price of domestic PVC on Friday of the previous week was 6,281.43 RMB/ ton, and the average price on Friday was 6,178.51 RMB/ ton. The price rose 1.64% during the week.

Last week, the domestic spot market price of PVC fell, as did the futures price. The overall market operation of the market is weak, the spot market transaction is not good, the confidence is insufficient, the market price gradually falls slightly, and the actual transaction is limited. Up to now, the quotation range of domestic PVC5 carbide is mostly around 5,750-6,450 RMB/ ton.

For crude oil, on October 20, the settlement price of international crude oil futures was basically the same as that of the previous trading day. The settlement price of December contract (month) of US WTI crude oil futures was 84.51 dollars/barrel, down 0.01 dollars; The settlement price of the main contract of Brent crude oil futures was 92.38 dollars/barrel, down 0.03 dollars. The game between supply and demand intensified, and oil prices fell into a stalemate.

In terms of calcium carbide, the factory price of calcium carbide in northwest China rose slightly last week. Last week, the average ex factory price of mainstream carbide manufacturers in northwest China rose from 3,950 RMB/ ton at the weekend to 3,966.67 RMB/ ton at the weekend, up 0.42%. In late October, the calcium carbide market fell mainly due to narrow shocks. The price of raw material semicarbon runs at a high level, and the cost of calcium carbide is well supported. The PVC market in the downstream has experienced a narrow range of shock and decline, and the downstream demand has weakened. In late October, calcium carbide prices in northwest China may fall in a narrow range.

SunSirs PVC analysts believed that the current price of PVC fell last week, which depressed market confidence. The overall market demand is light, new orders are limited, and the trading atmosphere is poor. It is expected that the PVC market price in China will be weak and stable in the short term.

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