Price trend

According to the data monitored by SunSirs, the price of calcium carbide method SG5 PVC fell this week. The average domestic PVC price was 6,850 RMB/ton on last Friday, and the average price on this Friday was 6,498.57 RMB/ton, down 5.13% during the week.

Analysis review

This week, the domestic spot market of PVC continued to decline. The price of PVC futures fell on the 15th, suppressing the spot market sentiment. Most manufacturers did not offer external quotations, and there was a negotiation for one order. Most downstream enterprises and traders were wait-and-see, the inquiries were acceptable, the spot transactions were average, the downstream purchases ere cautious, and the orders were mainly received on demand.

In terms of international crude oil, on July 14, the price of international crude oil futures rebounded after bottoming out and closed down slightly. The settlement price of the main U.S. WTI crude oil futures contract was 95.78 US dollars/barrel, a decrease of 0.52 US dollars/barrel or 0.5%; the settlement price of the main contract of Brent crude oil futures was 99.10 US dollars/barrel, a decrease of 0.47 US dollars/barrel or 0.5%. WTI fell as low as 90 US dollars/barrel during the session before recovering almost all losses. Markets focused on the rate at which the Federal Reserve would raise interest rates, raising concerns about pressure on oil demand.

In terms of calcium carbide, the average price of calcium carbide last Friday was 3,850 RMB/ton, and the average price this Friday was 3,833.33 RMB/ton, down 0.43% during the week. This week, the ex-factory prices of calcium carbide manufacturers were mostly stable, and the prices of individual enterprises fell. The price of upstream semi-coke fell slightly, the cost support weakened, the downstream PVC market fell slightly, and the demand for calcium carbide weakened. It is expected that in the short term, the price of calcium carbide in the northwest region will be temporarily stabilized and consolidated.

Market outlook

The PVC analyst of SunSirs believes that the spot price of PVC continued to fall this week. PVC spot market demand was light. The downstream is more wait-and-see, the order receiving was cautious, and the transaction atmosphere was general. Futures prices fell on the 15th, suppressing on spot market sentiment. It is expected that the PVC market will run weakly and steadily in the short term.

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