SunSirs: China Domestic PVC Market Fluctuated and Declined in July

https://www.chemnet.com   Aug 01,2024 SunSirs

According to the monitoring of the commodity market analysis system of SunSirs, the domestic PVC spot market fell last month in July. As of July 31st, the average price of PVC in China was 5,385 RMB/ton, a decrease of 3.23% for the whole month.

The PVC spot market in July mainly operated weakly, with prices continuously fluctuating and falling. With the sluggish futures market, the spot PVC market generally showed a bearish trend, 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 July 31st, the mainstream price range of PVC SG5 electrical aggregate in China is mostly around 5,300-5,600 RMB/ton.

In terms of calcium carbide, as we enter July, the domestic price of calcium carbide continues to decline. According to data monitored by SunSirs, the price of calcium carbide has dropped by 4.73% this 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 there will be sufficient PVC supply in the short term, but the pressure of supply and demand still exists. On the cost side, the upstream price of calcium carbide is weak, and the cost support is average. From the perspective of the futures market, the PVC futures market has shown weak performance in the later stage, which has affected the confidence of the spot market, and the 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.

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