1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, the PVC spot market rose first and then fell this week, and overall, prices have risen. On Monday, the average domestic PVC price was 5558 yuan/ton, and on Saturday it was 5610 yuan/ton. The price increased by 0.94% during the week.

2、 Market analysis

This week, the PVC spot market rose first and then fell, and overall prices have risen. With the weakening of the futures market, the mainstream transaction prices in the spot PVC market have also experienced a certain decline, and the spot market has weakened to some extent. Downstream procurement is mainly based on point pricing, and the enthusiasm for inquiry procurement has increased, resulting in lower listed prices. Overall, the main focus is still on hard demand, and the trading atmosphere is average. As of now, the quotation range for PVC SG5 type carbide materials in China is mostly around 5520-5750 yuan/ton.

On May 10th, international crude oil futures fell. The settlement price of the main WTI crude oil futures contract in the United States was $78.26 per barrel, a decrease of $1.0 or 1.3%. The settlement price of the Brent crude oil futures main contract was $82.79 per barrel, a decrease of $1.09 or 1.3%.

In terms of calcium carbide, according to data monitored by Business Society, the prices of calcium carbide manufacturers have decreased. On Monday, the average price of domestic calcium carbide was 2883.33 yuan/ton, and on Saturday it was 2816.67 yuan/ton. The weekly price has decreased by 2.31%. Overall, the trading sentiment in the calcium carbide market has improved this week, and the situation of traders receiving goods has been more positive compared to before.

3、 Future Market Forecast

Business Society PVC analysts believe that the PVC spot market rose first and then fell this week. Upstream carbide prices have been lowered, with average cost support. International crude oil futures fell, and the PVC futures market showed weak performance in the later stage, affecting the confidence of the spot market. The PVC spot market shifted from an upward trend to a downward trend. It is expected that the PVC spot market will continue to fluctuate and consolidate within the range in the short term, and we will closely monitor changes in the news.