Price trend

According to the data monitored by SunSirs, the price of PVC SG5 made by calcium carbide method fell this week. The average price of domestic PVC last Friday was 6,498.57 RMB/ton, and the average price this Friday was 6,368.57 RMB/ton, and the price fell 2% during the week.

Analysis review

This week, the domestic spot market of PVC fluctuated and fell. On the whole, the price fell mainly. With the improvement of the futures disk this Wednesday, the confidence in the spot market rose, and the price rose slightly on Wednesday. The current PVC market demand maintains the previous level. Most downstream enterprises and traders wait and see, the inquiries are acceptable, the spot transactions are average, the downstream purchases are cautious, and the orders are mainly received on demand. As of the 22nd, the price range of domestic PVC5 calcium carbide materials was mostly around 6,200-6,650 RMB/ton.

In terms of international crude oil, on July 21, international crude oil futures prices fell. The settlement price of the main contract of U.S. WTI crude oil futures was 96.35 US dollars/barrel, a decrease of 3.53 US dollars/barrel or 3.5%; the settlement price of the main contract of Lent crude oil futures was 103.86 US dollars/barrel, a decrease of 3.06 US dollars/barrel or 2.9%. Oil prices continued to fall on Thursday, mainly due to an increase in gasoline inventories in the United States. In addition, at the macro level, the European Central Bank raised interest rates and raised concerns about falling demand.

In terms of calcium carbide, the average price of calcium carbide last Friday was 3,833.33 RMB/ton, and the average price this Friday was 3,816.67 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.

Market outlook

The PVC analyst of SunSirs believes that the spot price of PVC fluctuated and fell this week. At present, the demand for PVC spot market is general. The downstream is more wait-and-see, and the orders are mainly received on demand, and the transaction atmosphere is general. On the 22nd, futures prices rose, and confidence in the spot market recovered. It is expected that the PVC market will run steadily to be strong in the short term.

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