According to the data monitored by SunSirs, the price of PVC carbide SG5 fell last week. The average price of domestic PVC on the previous Friday was 6,471.43 RMB/ ton, and the average price on the previous Friday was 6,338.57 RMB/ ton, with a 2.05% drop in the price during the week.

The price of PVC in domestic spot market fell last week. At present, the spot market is weak, the market price drops slightly, the actual transaction is limited, the market trading atmosphere is light, and the confidence is insufficient. Futures prices fell continuously from Monday to Wednesday last week, dampening market confidence. Up to now, the quotation range of domestic PVC5 carbide is mostly around 6,070-6,470 RMB/ ton.

In terms of crude oil, on September 22, international crude oil futures rose. The settlement price of the main contract of US WTI crude oil futures was 83.49 US dollars/barrel, up 0.55 US dollars or 0.7%; The settlement price of the main contract of Brent crude oil futures was 90.46 dollars/barrel, up 0.63 dollars or 0.7%. The impact of the Federal Reserve's interest rate increase has faded, and the market focus has returned to the supply side. On the one hand, there is concern about the risk of Russian oil supply decline; As well as the expected increase in China's demand and the increased geopolitical risks, oil prices are supported.

In terms of calcium carbide, the ex factory price of calcium carbide in northwest China rose last week. Last week, the average ex factory price of mainstream calcium carbide manufacturers in northwest China rose from 3,616.67 RMB/ ton at the previous weekend to 3,700 RMB/ ton this week, up 2.3%. The upstream carbon price rose slightly, with good cost support. The downstream PVC market fell, with general demand for calcium carbide.

SunSirs PVC analysts believed that the PVC spot price fell last week, the market demand was poor, the new orders were limited, and the market trading atmosphere was empty. The futures fell three times at the beginning of the week, which depressed the confidence of the spot market. It is expected that in the short term, China PVC market price will fluctuate and consolidate.

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