According to the monitoring of the commodity market analysis system of SunSirs, the spot price of PVC carbide SG5 rose last week. The average domestic PVC price on Friday the previous week was 5,490 RMB/ton, and this week's average price was 5,615 RMB/ton, with a price increase of 2.28% during the week.

Last week, the price of PVC in the domestic Spot market rose. Last week's increase in upstream calcium carbide prices, coupled with the delay of two policies in the "16 Financial Measures" issued on the evening of July 10th, has boosted the confidence of the PVC market. The futures market continues to rise, and spot prices are gradually following suit. As of now, the quotation range for PVC5 carbide materials in China is mostly around 5,450-5,900 RMB/ton.

On July 13th, international crude oil futures rose. The settlement price of the main contract for US WTI crude oil futures was $76.89 per barrel, up $1.14 or 1.5%. The settlement price of the main contract for Brent crude oil futures was $81.36 per barrel, an increase of $1.25 or 1.6%. Inflation in the United States has cooled beyond expectations, the necessity for the Federal Reserve to raise interest rates has decreased, coupled with seasonal peak demand from refineries and OPEC production cuts in oil producing countries, heating up the oil market.

PVC analysts from the business agency believe that the trading atmosphere in the PVC Spot market last week was good, and the price rose. The increase in upstream calcium carbide prices has provided strong support, coupled with the extension of two policies in the "Financial 16", which has also boosted the confidence of the PVC market. It is expected that the PVC market will be relatively strong in the short term, and we will closely monitor changes in the news.

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