According to the monitoring of the Commodity Market Analysis System of SunSirs, the PVC market fell from January to June 2023. On January 1st, the average spot price of PVC carbide method SG5 in China was 6,141.67 RMB/ton, and on June 30th, the average price was 5,503.33 RMB/ton. In the first half of the year, the price fell by 10.39%.

Looking at the development of PVC market in the first half of 2023, the spot price of PVC carbide SG5 fluctuated and rose mainly in January. Prices rose first and then fell in February. Prices fluctuated and fell in March. Prices fell from April to June.

In the first quarter, PVC carbide SG5 spot prices fluctuated and mainly operated in a fluctuating manner. The cumulative decline from January to March was 0.73%. In the second quarter, PVC carbide method SG5 spot sales were mainly down. The cumulative decline from April to June was 9.73%. As of June 30th, the quotation range for domestic PVC5 carbide materials is mostly around 5,300-5,700 RMB/ton.

In terms of production, according to industry data, the domestic PVC production in June 2023 was 1.756 million tons, a decrease of 5.93% month on month and 3.72% year on year. The cumulative production from January to June was 11.1042 million tons. Among them, the production of PVC using carbide method was 1.2887 million tons, a decrease of 8.47% compared to May and a decrease of 12.03% compared to June last year. The production of PVC using ethylene method was 467,300 tons, an increase of 2.23% compared to May and an increase of 30.25% compared to June last year.

In terms of operating rate, according to industry data, the domestic PVC operating rate in June 2023 was 75.02%, a year-on-year decrease of 5.67% and a month on month decrease of 4.72%.

In terms of import and export, the import volume of pure PVC powder in China in May 2023 was 22,100 tons, a year-on-year decrease of 0.03% and a month on month decrease of 42.36%. The average monthly import price was 858.81. The export volume was 140,300 tons, a year-on-year decrease of 47.25% and a month on month increase of 3.97%. The monthly average export price was 810.72. The total export volume from January to May was 928,300 tons, while the total import volume was 212,900 tons.

SunSirs PVC analysts believe that in the second half of the year, the PVC Spot market will continue to operate in a range of shocks. Pay more attention to the upstream calcium carbide situation and the downstream market demand. In addition, changes in terminal real estate policies are also important factors affecting the current two cities. It is expected that PVC spot prices will experience strong fluctuations in the short term.

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