1、 Price trend

According to the monitoring of the commodity market analysis system of the Business Society, the spot price of PVC carbide SG5 fell first and then rose this week. At the beginning of the week, the average domestic PVC price was 5818 yuan/ton, and the average weekend price was 5794 yuan/ton. The price fell by 0.41% during the week.

2、 Market analysis

This week, the domestic spot market price of PVC fell first and then rose. The futures market performed poorly from Monday to Thursday, with spot market prices continuously falling slightly. Affected by the rise in crude oil futures on Friday, the PVC futures market rose above 6, reaching its highest point at 6027. Futures have driven the spot market, boosting confidence in the PVC market, and spot market prices have rebounded. Today, some companies saw a slight increase in spot prices. As of now, the quotation range for PVC5 carbide materials in China is mostly around 5520-5930 yuan/ton.

On October 19th, international crude oil futures rose. The settlement price of the main contract for WTI crude oil futures in the United States was $88.37 per barrel, an increase of $1.10 or 1.3%. The settlement price of the main contract for Brent crude oil futures was 92.38 yuan/barrel, an increase of $1.0 or 0.9%.

In terms of calcium carbide, according to data monitored by the Business Society, the prices of calcium carbide manufacturers have temporarily stabilized this week, with an average domestic price of 2966.67 yuan/ton. The upstream price of blue charcoal is stable and relatively strong, with good cost support. The downstream PVC market has slightly declined, and the demand for calcium carbide has weakened. It is expected that the price of calcium carbide in the northwest region will fluctuate and fall in a narrow range in late October, with consolidation being the main trend.

3、 Future Market Forecast

PVC analysts from Business Society believe that the trading volume in the PVC spot market is relatively light this week. Upstream calcium carbide has temporarily stabilized and consolidated, with average support. The futures markets from Monday to Thursday are currently performing poorly. Affected by the rise in crude oil futures on Friday, the PVC futures market rose, boosting confidence in the PVC spot market. It is expected that the PVC market will move slightly upwards in the short term and closely monitor changes in the news.