According to the monitoring of the commodity market analysis system of SunSirs, the PVC spot market fluctuated in the range last week (3.10-14), and the price performance was weak. As of Friday, the average price of SG-5 PVC carbide method in China was 4,952 RMB/ton, with a decrease of 0.73% during the week.

Last week, the PVC range fluctuated narrowly, with prices being weak. During the week, some manufacturers made downward adjustments, with a range of around 50 RMB/ton. The main reason is that there is not much positive news on the fundamentals, and crude oil prices have shown weak performance, leading to a decline in the futures market. PVC prices have returned to a weak trend, with a slight downward shift in the overall range. From the perspective of supply and demand fundamentals, the spot PVC market has shown loose supply and demand, and most manufacturers are operating stably. The supply pressure has not changed much, dealers' offers are generally weak, downstream demand performance is insufficient, downstream procurement is mainly based on spot prices, inquiry and procurement enthusiasm is not high, and the market atmosphere is sluggish. The hanging order price is relatively low. Overall, it is still mainly driven by basic needs, and the trading atmosphere is average. As of now, the quotation range for PVC SG5 electric aggregate in China is mostly around 4,800-4,900 RMB/ton.

In terms of upstream calcium carbide, since February, the market price of calcium carbide has continued to fluctuate and decline. Last week, the price showed a stabilizing trend, and according to the commodity analysis system of SunSirs, it rose by 0.64% last week. But the price is still relatively low, which has limited support for PVC.

The PVC analyst from SunSirs believes that the PVC spot market is experiencing weak growth and will continue to return to a weak trend, mainly due to insufficient downstream operating rates and average demand. Market transactions are expected to be difficult to improve in the near future, and PVC prices are expected to maintain a range adjustment pattern this week.

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