According to the data monitored by SunSirs, the PVC SG5 spot market price fluctuated mainly in a narrow range in November, and fell slightly overall. On November 1, the average price of domestic PVC was 6,021.43 RMB/ ton, and on November 29, the average price was 6,002.86 RMB/ ton. The price fell 0.31% in the month.
In November, PVC SG5 spot market prices fluctuated mainly in a narrow range, and fell slightly overall. This month, the PVC spot market performance was average, and the market was tepid, which has been in a narrow range. Downstream procurement enthusiasm is not high, and the transaction of real orders is more cautious, focusing on rigid demand. On November 25, Bank of China official micro blog reported that Bank of China signed agreements with 10 real estate enterprises, including Vanke, Country Garden, Longhu and Zhonghai, to provide intentional credit of more than 600 billion yuan. The favorable period to a certain extent is the atmosphere of the two cities, and the market price has risen slightly. However, the recent commencement of PVC plants has improved, and the supply has increased. However, the demand is general, and the spot market has risen slightly. Up to now, the quotation range of domestic PVC5 carbide is mostly around 5,570-6,400 RMB/ ton.
In terms of international crude oil, international crude oil futures closed higher on November 28. The settlement price of the main contract of US WTI crude oil futures was 77.24 US dollars/barrel, up 0.96 US dollars or 1.3%. The settlement price of the main contract of Brent crude oil futures was USD 83.89/barrel, up 0.18 or 0.2%. The rumors of production reduction by the Organization of Petroleum Exporting Countries (OPEC+) and its allies (OPEC+) have brought good news to the market, and the market is waiting for the results of the OPEC+meeting on December 4.
In terms of calcium carbide, the mainstream factory price of calcium carbide in northwest China fell first and then rose in November. The price of calcium carbide fell from 3,883.33 RMB/ ton on November 1 to 3,750.00 RMB/ ton on November 29, a decrease of 3.43%. The price at the end of the month fell by 28.34% year-on-year. In the future: in the first ten days of December, the carbide market may fall slightly, mainly finishing. The price of upstream raw material blue charcoal has fallen slightly recently, and the cost of calcium carbide is insufficient. However, the market of 1,4 butanediol and PVC in the downstream fell sharply, and the downstream demand weakened. In the future, it is predicted that carbide prices in northwest China will fall slightly in mid to early December, mainly due to consolidation.
SunSirs PVC analysts believe that the PVC spot market price has been in a narrow range this month. The trillion yuan of state-owned large banks has been used to help the real estate industry. To some extent, the atmosphere of the two cities is favorable. However, at present, the commencement of PVC plants has improved, the supply has increased, and the negative and positive effects are intertwined. It is expected that China PVC market will continue to operate in a narrow range in the short term.
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