According to the monitoring of the commodity market analysis system of SunSirs, the PVC spot market fluctuated last week. On Monday, the average domestic PVC price was 5,564 RMB/ton, and on Sunday it was 5,566 RMB/ton. The price increased by 0.04% during the week.

The PVC spot market fluctuated last week. As the May Day holiday approaches, the trading situation on the market is slightly average, with slight fluctuations in market prices. The quotes from manufacturers are generally stable, while the prices from traders are relatively flexible. Downstream procurement is relatively cautious, with a strong wait-and-see attitude. The enthusiasm for stocking up before holidays is average, and the focus is still on basic needs. As of now, the quotation range for PVC SG5 type carbide materials in China is mostly around 5,520-5,750 RMB/ton.

In terms of crude oil, international crude oil futures closed higher on April 26th. The settlement price of the main WTI crude oil futures contract in the United States was $83.85 per barrel, an increase of $0.28 or 0.3%. The settlement price of Brent crude oil futures main contract was reported at $88.21 per barrel, with an increase of $0.44 or 0.5%.

In terms of calcium carbide, according to data monitored by SunSirs, the prices of calcium carbide manufacturers have decreased. On Monday, the average price of domestic calcium carbide was 3,000 RMB/ton, and on Sunday, the average price was 2,883.33 RMB/ton. The weekly price has decreased by 3.89%. The downstream procurement performance is average, and the process of removing calcium carbide inventory is slow.

SunSirs PVC analysts believe that the PVC spot market fluctuated last week. The price of upstream calcium carbide has been lowered, resulting in weak cost support. The performance of PVC in both markets is average, with little change on the market and average market confidence. It is expected that the PVC spot market will continue to fluctuate and consolidate within the range in the short term, and we will closely monitor changes in the news.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.