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PVC Spot Prices Fell

April 20, 2023

Latest company news about PVC Spot Prices Fell

Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the price of carbide method PVC SG5 decreased this week. At the beginning of the week, the average domestic PVC price was 6,066.67 RMB/ton, and on Friday, the average price was 5,994 RMB/ton. The price fell by 1.2% during the week.

Analysis review

The price of PVC in the domestic spot market fell this week. This week, the spot market continued to be weak, and the futures market performed poorly. The overall market atmosphere was bearish, with insufficient confidence on the market and a decline in prices. The spot market inquiry was acceptable. As of the 14th, the quotation range for domestic PVC5 carbide materials was mostly around 5,700-6,200 RMB/ton.

In terms of crude oil, on April 13th, international crude oil futures closed lower. The settlement price of the main contract for WTI crude oil futures in the United States was 82.16 US dollars per barrel, a decrease of 1.10 US dollars or 1.3%. The settlement price of the main contract for Brent crude oil futures was 86.09 US dollars per barrel, a decrease of 1.24 US dollars or 1.4%. US dollars

In terms of calcium carbide, according to data monitored by SunSirs, the stable average price of calcium carbide this week was 3,083 RMB/ton. The upstream price of semi-coke had slightly decreased, with insufficient cost support. The downstream PVC market had slightly declined, and the demand for calcium carbide had weakened.

Market outlook

PVC analysts from SunSirs believe that PVC spot prices will continue to decline this week. As of the 14th, the demand for PVC in spot market was weak, and the futures market performed poorly. It affected the confidence of the spot market, and the market price was downward. It is expected that the PVC market will be weaker in the short term, and pay close attention to changes in the news surface.

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