1、 Price trend
According to the monitoring of the commodity market analysis system of the Business Society, the price of PVC carbide SG5 decreased this week. At the beginning of the week, the average domestic PVC price was 6066.67 yuan/ton, and on Friday, the average price was 5994 yuan/ton. The price fell by 1.2% during the week.
2、 Market analysis
The price of PVC in the domestic spot market fell this week. This week, the spot market continued to be weak, and the futures market performed poorly. The overall market atmosphere is bearish, with insufficient confidence on the market and a decline in prices. Inquiries in the spot market are acceptable, and transactions can be made at multiple prices. As of now, the quotation range for PVC5 carbide materials in China is mostly around 5700-6200 yuan/ton.
In terms of crude oil, on April 13th, international crude oil futures closed lower. The settlement price of the main contract for WTI crude oil futures in the United States was $82.16 per barrel, a decrease of $1.10 or 1.3%. The settlement price of the main contract for Brent crude oil futures was $86.09 per barrel, a decrease of $1.24 or 1.4%. The OPEC report from oil producing countries states that there is a risk of a decline in summer oil demand, putting pressure on international oil prices.
In terms of calcium carbide, according to data monitored by the Business Society, the stable average price of calcium carbide this week was 3083 yuan/ton. The upstream price of blue charcoal has slightly decreased, with insufficient cost support. The downstream PVC market has slightly declined, and the demand for calcium carbide has weakened.
3、 Future Market Forecast
PVC analysts from Business Society believe that PVC spot prices will continue to decline this week. At present, the demand for PVC spot market is weak. The poor performance of the futures market affected the confidence of the spot market, and the market price center was downward. It is expected that the PVC market will be weak in the short term and closely monitor changes in the news.
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