May 23, 2022
Price trend
On May 19, the average domestic spot price of PVC5 type was 8,637.5 RMB/ton, down 0.99% from the previous trading day and down 6.62% year-on-year.
Analysis review
At present, the futures price is falling, the spot market offers are falling, and the market trading is relatively flat. The downstream demand continues to maintain rigid demand. The downstream wait-and-see attitude is obvious, coupled with the weakening of exports, which suppresses the rich domestic atmosphere, and the focus of the PVC market shifts downward.
As of the 19th, the price of raw calcium carbide was around 4,400-4,500 RMB/ton, and the price of PVC was 8,300-8,950 RMB/ton.
Market outlook
The PVC market is expected to weaken.
