SunSirs: China PVC Spot Market Prices first Rose and then Fell Last Week (December 8-15)

https://www.chemnet.com   Dec 19,2023

According to the monitoring of the commodity market analysis system of SunSirs, the spot price of PVC carbide method SG5 rose first and then fell last week. Overall, the price increased, with an average price of 5,698 RMB/ton last Friday, and a price increase of 0.92% during the week.

Last week, the domestic spot market price of PVC rose first and then fell, and overall, the price increased. At present, the spot market situation is average, with light trading and low enthusiasm for downstream procurement. The manufacturer's quotation is mainly stable. Downstream demand for goods is still cautious in actual transactions. As of now, the quotation range for PVC SG5 carbide materials in China is mostly around 5,400-5,830 RMB/ton.

On December 14th, international crude oil futures continued to rise, with a significant increase. The settlement price of the main WTI crude oil futures contract in the United States was $71.58 per barrel, with an increase of $2.11 or 3.0%. The settlement price of Brent crude oil futures main contract was $76.61 per barrel, an increase of $2.35 or 3.2%. Previously, there was an oversold in the market, with the weakening of the US dollar driving up oil price valuations. Coupled with the International Energy Agency (IEA) raising its forecast for next year's oil demand, the oil market was boosted.

In terms of calcium carbide, according to data monitored by SunSirs, the prices of calcium carbide manufacturers increased last week, with an average price of 2,933.33 RMB/ton last Friday, and a price increase of 0.57% during the week. The upstream blue charcoal market is stable and weak, with average cost support. The downstream PVC market has slightly increased, leading to an increase in demand for calcium carbide.

The PVC analyst from SunSirs believes that the trading situation in the PVC spot market was average last week. Upstream calcium carbide has slightly increased, with overall support being average. Downstream demand is poor, there is a strong wait-and-see atmosphere, and procurement enthusiasm is relatively low. It is expected that the PVC market will consolidate and operate in the short term.

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