SunSirs: China PVC Market Fluctuated weakly Last Week (July 8-12)

https://www.chemnet.com   Jul 16,2024 SunSirs

According to the monitoring of the commodity market analysis system of SunSirs, the PVC spot market first rose and then fell last week (7.8-12), and overall prices fell. On Monday, the average price of PVC in China was 5,666 RMB/ton, and on Friday it was 5574 RMB/ton, a decrease of 1.22% in price during the week.

Last week, the PVC spot market was weak, with prices mainly slightly decreasing. With the weakening of the futures market, the mainstream transaction prices in the spot PVC market also experienced a certain decline, coupled with supply and demand pressures, resulting in a slight weakening of the spot market. Downstream procurement is mainly based on spot prices, with low enthusiasm for inquiry based procurement and a sluggish market atmosphere. The hanging order price is relatively low. Overall, it is still mainly driven by basic needs, and the trading atmosphere is average. As of now, the quotation range for PVC SG5 electrical aggregate in China is mostly around 5,500-5,700 RMB/ton.

In terms of calcium carbide, as we entered July, the domestic price of calcium carbide continued to decline. According to data monitored by SunSirs, the price of calcium carbide dropped by 3.55% during the month. Overall, the trading sentiment in the calcium carbide market was pessimistic during the week, and the situation of traders receiving goods was sluggish compared to before.

The PVC analyst from SunSirs believes that the PVC spot market fluctuated slightly and fell last week. Upstream calcium carbide prices have decreased, with average cost support. International crude oil futures maintained range volatility, and the PVC futures market performed weakly in the later stage, affecting confidence in the spot market. The PVC spot market is generally bearish. It is expected that the PVC spot market will continue to fluctuate and consolidate within a certain range in the short term, and we will closely monitor changes in the news.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

 Print  |    add to Favorites  |    Close