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The Favorable Conditions were Superimposed in July, China PVC Market Price Rose

  48
 June 13, 2024

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Rabbit doodle (calcium carbide SG5 ex-factory average price) shows that on July 30, the domestic PVC mainstream average price of 9,137.5 yuan / ton, compared with the beginning of the month 9,000 yuan / ton up 137.5 yuan. This month, an increase of 1.53%, an increase of 41.12%.

PVC market performance in July was flat, followed by an upward trend. In the second half of the month, prices rose sharply and continued to run high. In the first half of July, the overall stability of the PVC market, price fluctuations of less than 1%. PVC futures rose sharply in the second half of the month, driving the spot market up slightly. Restricted by the power policy, the supply of raw material calcium carbide is tight, strong cost support, PVC rose. At the same time, due to the shortage of raw materials and high prices, some PVC companies reduced construction load and equipment maintenance, reducing the market supply and improving the supply direction. Toward the end of the month, affected by off-season factors and high trading prices, PVC prices fell slightly, but the whole month is still an upward trend.

As far as spot prices are concerned, the current mainstream price range of domestic PVC5 calcium carbide is mostly around 9100~9300 yuan/ton. Hangzhou PVC5 calcium carbide price range of 9100 ~ 9200 yuan / ton, Changzhou PVC5 calcium carbide mainstream price of 9100 ~ 9250 yuan / ton. tons; the local market slightly adjusted.

Futures, PVC futures prices fluctuated in July, rising to about 9300 yuan / ton, leading the spot market price trend. On August 2, the highest price fell, and the spot market also fell. Monday V2109 contract opening price of 9105 yuan / ton, the highest price of 9110 yuan / ton, the lowest price of 8,895 yuan / ton, position 332,553 yuan, settlement price of 8975 yuan / ton. The price of the last trading day was 9185 yuan / ton, down 210 yuan / ton.

Toodudu PVC analysts believe that the current off-season has not yet ended, downstream demand is limited, the mood is high, the price is general, the holders estimate loose, but the raw material calcium carbide runs high, the cost support is still low. Inventory pressure is not great. It is expected that in the short term, the overall domestic PVC market is stable, without slight fluctuations.

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

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