1、 Price trend

According to the data monitored by the business community, the price of PVC spot market fell in March. On March 1st, the average price of PVC in China was 6243.33 yuan/ton, while on March 31st, the average price was 6096.67 yuan/ton. The price decreased by 2.35% during the month.

2、 Market analysis

PVC spot market prices fell in March. In the first half of March, there was relatively little price fluctuation. The price of calcium carbide sharply decreased in the second half of the month, resulting in weak support for raw materials. The spot price of PVC fell. On the 24th, the spot market price of PVC rebounded. On the whole, it mainly fell in the second half of the month. At present, transactions in the spot market are average, and downstream enterprises mainly rely on demand for goods, with low purchasing enthusiasm. As of now, the quotation range for PVC5 carbide materials in China is mostly around 5830-6250 yuan/ton.

In terms of international crude oil, on March 30th, international crude oil futures saw a significant increase. The settlement price of the main contract for WTI crude oil futures in the United States was $74.37 per barrel, an increase of $1.40 or 1.9%. Brent crude oil futures rose, with the main contract settlement price at $78.60 per barrel, an increase of $1.01 or 1.6%. The unexpected decline in commercial crude oil inventories in the United States, coupled with the obstruction of crude oil exports from the Kurdistan region of Iraq, has provided significant support for the oil market.

In terms of calcium carbide, the mainstream factory prices of calcium carbide in the northwest region slightly decreased in February. The price of calcium carbide decreased from 3483.33 yuan/ton on March 1 to 3133.33 yuan/ton on March 31, a decrease of 10.05%. The price of raw material Shenmulan charcoal has stabilized at a low level, while the cost support for calcium carbide is average. The downstream PVC market has recently slightly declined, and downstream customers’ enthusiasm for calcium carbide procurement has weakened. Stacking high levels of calcium carbide inventory results in oversupply. In the future, it is expected that the factory price of calcium carbide in the northwest region may fluctuate slightly and decrease, with consolidation being the main trend.

3、 Future Market Forecast

PVC analysts from the business community believe that the PVC spot market price fell this month, and the upstream carbide price fell, which is weak support. The overall market confidence is insufficient, and traders and downstream companies have a cautious wait-and-see attitude. Primarily purchasing on demand. It is expected that the PVC spot market will continue to fluctuate slightly in the short term.