1、 Price trend

According to the data monitored by the business community, the price of PVC Spot market rose in July. On July 1st, the average price of PVC in China was 5505 yuan/ton. On July 28th, the average price was 5796.67 yuan/ton, and the price increased by 5.3% during the month.

2、 Market analysis

PVC Spot market prices rose in July. The overall market trading situation has improved, and downstream market order demand is improving. Today, the futures price broke through the high again, the confidence of the Spot market soared, and the price also rose with the high profile of futures prices. There are many downstream inquiries, but the actual transaction is still relatively cautious, mainly on demand.

On July 27th, international crude oil futures rose. The settlement price of the main contract for WTI crude oil futures in the United States was $80.09 per barrel, an increase of $1.31 or 1.7%. The settlement price of the Brent crude oil futures main contract was $83.79 per barrel, an increase of $1.23 or 1.5%. The WTI has broken below $80 for the first time in three months, mainly due to supply tightening caused by OPEC+production cuts in oil producing countries, coupled with bullish expectations of increased Chinese demand.

In terms of calcium carbide, according to the commodity analysis system of the Business Society, the factory price of calcium carbide in the northwest region first fell and then increased in July. The overall price increased. On June 1st, the average price of calcium carbide was 2883.33 yuan/ton, while on July 28th, the average price was 2933.33 yuan/ton, an increase of 1.73%. At present, the price of raw material blue charcoal has stabilized at a low level, with average cost support. The downstream PVC market has slightly increased, and downstream demand has increased. It is expected that in the short term, the price of calcium carbide in the northwest region will temporarily stabilize and consolidate.

3、 Future Market Forecast

PVC analysts from the Business Agency believe that the price of PVC Spot market rose sharply this month, and the price of upstream calcium carbide rose. The support is acceptable. In addition, the current market demand side performance is improving, so the confidence of the two cities is good. It is expected that in the short term, the PVC Spot market is on the strong side.