1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, the PVC spot market prices will remain stable and increase after the year. On February 17th, the average domestic PVC price was 5566 yuan/ton, and on February 26th, the average price was 5592 yuan/ton, with a weekly price increase of 0.47%.

2、 Market analysis

After the year, the spot market price of PVC will remain stable with an increase. At present, the spot market situation is average, and the trading situation is relatively light. The manufacturer’s quotation is mainly stable. Traders have relatively flexible prices, and market transaction prices fluctuate. Downstream markets are more wait-and-see, and if you just need to pick up the goods, use a little to pick them up. Actual transactions remain cautious. As of now, the quotation range for PVC SG5 type carbide materials in China is mostly around 5540-5850 yuan/ton.

In terms of crude oil, on February 23rd, international crude oil futures plummeted by nearly 3%. The settlement price of the main WTI crude oil futures contract in the United States was $76.49 per barrel, a decrease of $2.12 or 2.7%. The settlement price of the Brent crude oil futures main contract was $80.80 per barrel, a decrease of $1.90 or 2.3%. The main reason is that the Federal Reserve has released hawkish signals, delaying expectations of interest rate cuts and suppressing market confidence.

In terms of calcium carbide, according to data monitored by Business Society, the prices of calcium carbide manufacturers will decrease after the year. On February 17th, the average price of domestic calcium carbide was 2933.33 yuan/ton, and on February 26th, the average price was 2900 yuan/ton, with a 1.14% decrease in prices during the week. With the recovery of logistics transportation, enterprise shipments have improved, production enterprises are actively shipping, and inventory has decreased.

3、 Future Market Forecast

PVC analysts from Business Society believe that the PVC spot market will be average after the year. Upstream calcium carbide has been lowered, with average support. Traders have more flexible prices, with market prices fluctuating. Downstream factories are more cautious and restock as needed. It is expected that the PVC spot market will fluctuate and consolidate within the short term, and we will closely monitor changes in the news.