1、 Price trend

According to data monitored by the Business News Agency, the price of PVC carbide SG5 fell this week, with the average domestic PVC price of 613333 yuan/ton at the beginning of the week and 6041.67 yuan/ton on Friday. The price fell 1.49% during the week.

2、 Market analysis

The domestic spot market price of PVC continued to decline this week. This week, the spot market was relatively light, with futures market prices underperforming. In addition, the price of raw calcium carbide was significantly reduced, and raw material support was weak. The overall market atmosphere is relatively empty, with insufficient confidence in the market. The inquiry atmosphere in the spot market is weak, and prices are falling. Downstream customers are more wait-and-see, and actual orders are cautiously traded. Up to now, the quotation range of domestic PVC5 carbide materials is mostly around 5700-6250 yuan/ton.

In terms of crude oil, according to monitoring, the domestic price of 92 # gasoline on the 23rd was 8456.4 yuan/ton, down 0.64% from the price on the 10th; The domestic price of 0 # diesel oil is 7555.4 yuan/ton, a decrease of 1.15% compared to the price on the 10th. Since the middle of the year, the crude oil market price has decreased significantly. Due to cost factors, the market price of refined oil has decreased slightly.

In terms of calcium carbide, according to data monitored by the Business News Agency, the average price of calcium carbide at the beginning of the week was 3350 yuan/ton, compared to 3066.67 yuan/ton on Friday, with a decrease of 8.46% during the week. The price of calcium carbide manufacturers fell sharply this week. The price of raw material Shenmulan charcoal is around 1250 yuan/ton, with low price consolidation and average carbide cost support. The downstream PVC market has recently declined slightly, and downstream customers’ enthusiasm for calcium carbide procurement has weakened. Superimposed high calcium carbide inventory, resulting in oversupply. In the future, it is expected that the ex-factory price of calcium carbide in the northwest region may fluctuate slightly and fall, with the main trend being consolidation: the average price quoted by manufacturers is around 3000 yuan/ton.

3、 Aftermarket Forecast

PVC analysts from Business News believe that the spot price of PVC fell this week. At present, the demand for PVC spot market is weak. Upstream calcium carbide prices fell sharply, while crude oil market prices fell sharply, leaving the overall market atmosphere somewhat empty. It is expected that in the short term, there is no shortage of possibility for the PVC market to continue to explore, and close attention will be paid to changes in the news.