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China PVC Market Fluctuated slightly in the First Half of July

  35
 June 13, 2024

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According to the potato network monitoring data (SG5 average price of calcium carbide method), July 14 domestic PVC alcohol average price of 9012.5 yuan / ton, compared with the beginning of the month 9000 yuan / ton up 0.14%.–down 1.23% from the ring, up 37.12% from the ring.

In the first half of 2021, the PVC market is running at a high level, and the price was once close to 10,000 yuan / ton. Since June, the impact of the market off-season has continued until today. In the first half of July, the overall stability of the PVC market, price fluctuations of less than 1%, minor adjustments, prices are still at a high level. Recently, PVC futures prices fluctuated, and many attempts to rebound, but stopped at 9,000 yuan / ton. For the spot market, the boost is limited. Most of the enterprise price adjustment of 50 yuan / ton, not much change, the futures spread gradually narrowed. At present, the downstream product industry off-season start rate declined, PVC price rise is still resistance. All they have to do is buy. In July this year, the number of maintenance enterprises decreased and the supply increased, which brought some pressure on the sales of enterprises. The mindset of operators is negative. Generally speaking, supply and demand are weakening. However, the recent raw material calcium carbide prices continue to rise, PVC costs have not decreased significantly, more than a small fluctuation.

In terms of spot prices, the domestic PVC5 calcium carbide offer is mainly around 9000-9150 yuan / ton. Hangzhou PVC5 calcium carbide liquid price of 9050 ~ 9150 yuan / ton, Changzhou PVC5 calcium carbide liquid price of 9000 ~ 9150 yuan / ton. tons; the market fluctuated slightly.

As far as futures are concerned, futures prices continued to rebound, but not enough to revive the spot market. July 14 V2109 contract opening price: 8,890 yuan / ton, the highest price: 8,975 yuan / ton, the lowest price: 8,865 yuan / ton, position: 432,886, settlement price: 8,920 yuan / ton, the previous trading day settlement price: 8,885 yuan / ton, up 35 yuan / ton.

In external market, Taiwan Taiwan Plastic announced 8 new monthly shipment estimates. CFR India fell $60 to $1,330, CFR China fell $30 to $1,200-1,210 per ton, FOB Northeast Asia to Southeast Asia fell $50 to $1,190-1,200. USD/mt, FOB Northeast Asia-Vietnam fell $10 to $1,200/mt.

Toodudu PVC analysts believe that supply and demand are currently weak. Although PVC futures have rebounded, fluctuations in the spot market are still limited. Raw material calcium carbide prices have risen due to power restrictions, and cost support is getting stronger. It is expected that the short-term market will stagnate, and it is difficult to distinguish between long-term and short-term. Domestic PVC prices mainly fluctuate less.

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

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