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PVC Spot Price Continued to Fall Last Week

July 7, 2022

Latest company news about PVC Spot Price Continued to Fall Last Week

1、 Price trend

According to the data monitored by the SunSirs, the price of PVC carbide SG5 fell last week. Two weeks ago, the average price of domestic PVC was 7996.25 RMB/ton on B Thursday, and 7348.75 RMB/ton on last Thursday. The price fell by 8.1% in seven days.

2、 Market analysis

Last week, the domestic spot market of PVC continued to decline. Downstream enterprises and traders are in a strong wait-and-see mood. They are cautious in taking goods. They can take goods as they are used. Rigid demand is the main factor, and the delivery and transaction of PVC spot market is not good. Up to now, the quotation range of domestic pvc5 electric stone is mostly around 7050-7550 RMB/ton.

International crude oil. On June 29, the price of international crude oil futures fell. The settlement price of the main contract of WTI crude oil futures in the United States was $109.78 / barrel, down $1.98 or 1.8%; The settlement price of the main contract of Brent crude oil futures was $112.45 / barrel, down $1.35 or 1.2%. The US Energy Information Administration (EIA) data was negative, and the inventory of refined oil products increased; And market concerns about the risk of a global recession weighed on oil prices.

Ethylene, internationally, on June 29, the ethylene market in Asia, CFR Northeast Asia quoted us $981 / ton; CFR Southeast Asia quotation is 1101 US dollars / ton. On June 29, the US ethylene market was $561 / ton. Recently, the U.S. ethylene market rose slightly. There is sufficient spot supply of ethylene in the domestic market, which depresses the market atmosphere, and many operators wait and see.

Calcium carbide, as of the 30th, the average ex factory price of mainstream manufacturers of calcium carbide was 3800 RMB/ton. Last week, the factory price of calcium carbide manufacturers continued to fall slightly. The carbon price in the upstream fell slightly, the cost support weakened, the PVC market in the downstream fell slightly, and the demand for calcium carbide weakened. In the future, it is predicted that the price of calcium carbide in Northwest China may fall in a narrow range in early July.

3、 Aftermarket forecast

PVC analysts of SunSirs believe that the spot price of PVC fell last week. At present, domestic demand is weak and market transactions are poor. The downstream is cautious in taking goods, and the operating rate is not high. However, the futures market price rose slightly today, which was good for the confidence of the spot market. It is expected that the PVC market will stabilize in the short term.

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