1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyishe, the spot price of PVC carbide method SG5 remained basically stable this week. At the beginning of the week, the average domestic PVC price was 5698 yuan/ton, and the average weekend price was 5702 yuan/ton, with a price increase of 0.07% during the week.
2、 Market analysis
This week, the domestic spot market price of PVC remained stable with an increase. At present, the spot market situation is still good, and the trading situation is average. The manufacturer’s quotation is mainly stable. Downstream demand for goods is still cautious in actual transactions. As of now, the quotation range for PVC SG5 type carbide materials in China is mostly around 5550-5880 yuan/ton.
On December 21st, international crude oil futures closed lower. The settlement price of the main WTI crude oil futures contract in the United States was $74.22 per barrel, a decrease of $0.33 or 0.4%. The settlement price of Brent crude oil futures main contract was 79.16 yuan/barrel, a decrease of 0.5 US dollars or 0.7%.
In terms of calcium carbide, according to data monitored by Business Society, the prices of calcium carbide manufacturers have slightly increased this week. At the beginning of the week, the average price of domestic calcium carbide was 2966.67 yuan/ton, and the average price over the weekend was 2983.33 yuan/ton, with a price increase of 0.56% during the week. The upstream blue charcoal market is stable and weak, with average cost support. The downstream PVC market has slightly increased, leading to an increase in demand for calcium carbide.
3、 Future Market Forecast
Business Society PVC analysts believe that the PVC spot market has had average trading this week. Upstream calcium carbide has slightly increased, and the support situation is still acceptable. The demand for downstream real estate enterprises is average, and the market has a general demand for PVC spot goods, mainly on demand. It is expected that the PVC spot market will tend to strengthen and consolidate in the short term, and we will closely monitor changes in the news.
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