1、 Price trend

According to the monitoring of the Commodity Market Analysis System of Shengyi Society, the futures market has generally declined due to the impact of US tariff policies. This week (4.7-11), the PVC spot market price followed suit and performed weakly. As of Friday, the average price of SG-5 PVC carbide method in China was 4808 yuan/ton, with a price drop of 1.84% during the week.
2、 Market analysis
This week, PVC prices first fell and then rose. At the beginning of the week, due to the negative impact of US tariff policies, the stock and futures markets generally declined. The PVC futures market fell significantly, and the spot market was also suppressed. The market generally fell by around 100 yuan/ton. On the one hand, the lack of favorable fundamentals has led to a sharp drop in crude oil prices and a downturn in the futures market. On the other hand, in terms of supply and demand fundamentals, the spot PVC market has shown loose supply and demand, and most manufacturers are operating stably. The supply pressure has not changed much, dealers’ offers are generally weak, downstream demand performance is insufficient, downstream procurement is mainly based on spot prices, inquiry and procurement enthusiasm is not high, and the market atmosphere is sluggish. The hanging order price is relatively low. Overall, it is still mainly driven by basic needs, and the trading atmosphere is average. On Friday, the market oversold the range, and due to the rebound of the stock and futures markets, PVC spot also rebounded, but did not break through the previous decline. As of now, the quotation range for PVC SG5 electrical aggregate in China is mostly around 4750-4850 yuan/ton.
In terms of upstream calcium carbide, since April, the market price of calcium carbide has stabilized and risen. This week, the price increase was weak, and the price has stabilized. According to the commodity analysis system of Shengyi Society, the price fluctuation this week was 0. But the overall increase in April exceeded 5%, providing some cost support for PVC. It also restricts the downward space of PVC.
3、 Future forecast
The PVC analyst from Shengyi Society believes that the supply and demand performance of the PVC spot market is stable. Although it is affected by fluctuations in the international economic environment in the short term, in the medium term, the market will gradually return to fundamentals. It is expected that PVC prices will continue to maintain a range adjustment pattern next week.