According to the monitoring of the Commodity Market Analysis System of toodudu, the spot price of PVC carbide SG5 has decreased this week. On September 8th last Friday, the average domestic PVC price was 6,376 RMB/ton, and on September 14th this Thursday, the average price was 6,310 RMB/ton, with a weekly price drop of 1.04%.

This week, the domestic spot market price of PVC fell.The upstream calcium carbide market prices have temporarily stabilized and consolidated, and the futures market continues to weaken. The confidence in the PVC spot market is unstable, and prices have significantly decreased. Downstream market demand is weak, market inquiries are increasing, and purchasing goods is cautious. The downstream point price transaction is acceptable, with pre holiday restocking being the main focus, and the overall transaction atmosphere is still not good. As of now, the quotation range for PVC5 carbide materials in China is mostly around 6,050-6,450 RMB/ton.

In terms of crude oil, international crude oil futures closed slightly lower on September 13th. The settlement price of the main contract for WTI crude oil futures in the United States was $88.52 per barrel, a decrease of $0.32 or 0.4%. The settlement price of the main contract for Brent crude oil futures was $91.88 per barrel, a decrease of $0.18 or 0.2%. No unexpected increase in crude oil inventory has brought pressure on oil prices.

In terms of calcium carbide, according to data monitored by toodudu, the prices of calcium carbide manufacturers have temporarily stabilized and sorted out this week. The average price of calcium carbide during the week is 3,350 RMB/ton. Upstream orchid charcoal prices are stable and relatively strong, with acceptable cost support. Downstream demand is average, and the market maintains a stable trend. It is expected that the ex factory prices of calcium carbide in the northwest region will be mainly sorted and operated in the future.

PVC analysts from toodudu believe that the trading atmosphere in the PVC spot market this week is not good. Upstream calcium carbide prices have temporarily stabilized, while futures prices have declined, suppressing confidence in the spot market. As the National Day holiday approaches, replenishing inventory before downstream festivals may bring certain benefits. It is expected that the PVC market will fluctuate in the short term and closely monitor changes in the news.

If you have any questions, please feel free to contact toodudu with tdd-global@toodudu.com.