1、 Price trend
According to the monitoring of the commodity market analysis system of Business Society, the spot price of PVC carbide method SG5 fluctuated and fell this week. At the beginning of the week, the average domestic PVC price was 5550 yuan/ton, and the average weekend price was 5538 yuan/ton, with a 0.22% increase in price during the week.
2、 Market analysis
The PVC spot market prices fluctuated this week. At present, the spot market situation is still good, and the trading situation is average. The manufacturer’s quotation is mainly stable. Downstream just needs to pick up goods, considering that the end of the year is approaching, some small processing plants are considering a holiday. Downstream demand is slowing down, enterprise inventories are high, and actual transactions are cautious. As of now, the quotation range for PVC SG5 carbide materials in China is mostly around 5280-5750 yuan/ton.
On January 18th, international crude oil futures rose. The settlement price of the main WTI crude oil futures contract in the United States was $73.95 per barrel, with an increase of $1.47 or 2.0%. The settlement price of the Brent crude oil futures main contract was $79.10 per barrel, an increase of $1.22 or 1.6%.
In terms of calcium carbide, according to data monitored by Business Society, the prices of calcium carbide manufacturers have remained stable this week, with an average domestic price of 3000 yuan/ton. The upstream blue charcoal market is consolidating at a low level, with average cost support. The downstream PVC market prices have slightly declined, and downstream demand has weakened. In the future, it is expected that the price of calcium carbide in the northwest region will fluctuate and fall narrowly in late January, with consolidation being the main trend.
3、 Future Market Forecast
Business Society PVC analysts believe that the PVC spot market has had average trading this week. The upstream calcium carbide is temporarily stable with average support. The downstream procurement situation is cautious, and the market has a general demand for PVC spot goods, mainly based on demand. It is expected that the PVC spot market will experience slight fluctuations and consolidation in the short term, and we will closely monitor changes in the news.