1、 Price trend

According to the data monitored by the Business News Agency, the price of PVC carbide SG5 rose slightly this week. The average price of domestic PVC was 6155 yuan/ton last Friday, and the average price of this Friday was 6216.67 yuan/ton, and the price increased by 1% in the week.

2、 Market analysis

The domestic spot market price of PVC rose slightly this week. At present, the spot market is fair. This week, the spot market has good confidence, and the market price is upward, with a slight increase. As the Spring Festival holiday approaches, downstream markets stock up on demand. As downstream enterprises have holidays in succession, the market transactions have gradually faded. Up to now, the domestic price range of PVC5 carbide is mostly around 6000-6450 yuan/ton.

In terms of crude oil, international crude oil futures rose on January 12. The settlement price of the main contract of WTI crude oil futures in the United States was US $78.39/barrel, up US $0.98 or 1.3%. The settlement price of the main contract of Brent crude oil futures was US $84.03/barrel, up US $1.36 or 1.7%. Influenced by the optimistic expectation of China’s demand outlook and the unexpected drop in consumer prices in the United States in December, the Federal Reserve’s tightening monetary policy slowed down and oil prices gained support.

In terms of calcium carbide, the ex-factory price of calcium carbide in the northwest region rose this week. This week, the average ex-factory price of mainstream calcium carbide manufacturers in northwest China rose from 3716.67 yuan/ton at the end of last week to 3850 yuan/ton at the end of this week, up 3.59%. The price of upstream blue charcoal has been consolidated at a high level, with good cost support. The downstream PVC market has risen slightly, and the demand for calcium carbide has increased.

3、 Aftermarket forecast

PVC analysts of the Business Agency believe that the spot price of PVC rose slightly this week. As the Spring Festival holiday approaches, the market transactions will gradually fade as downstream enterprises have holidays. It is expected that the PVC market price will be sorted out in the short term. Pay close attention to changes in the news.