1、 Price trend

According to data monitored by Business Society, the spot market price of PVC fell in October. On October 1st, the average price of PVC in China was 5986 yuan/ton, while on October 30th, the average price was 5854 yuan/ton. The price fell by 2.21% during the month.

2、 Market analysis

The spot market price of PVC fell in October. After the National Day holiday in early this month, futures prices opened at a low price, and the futures market weakened slightly. The market confidence in the two markets was significantly insufficient, and PVC spot prices were lowered. In the middle of the year, the upstream calcium carbide market prices significantly declined, and the futures market weakened more. The trading atmosphere on the market was weak, and people were cautious and cautious. The PVC spot market lacked confidence, and prices were lowered. In the latter half of the year, there has been a rebound in both markets, with a slight increase in spot market prices. However, downstream procurement enthusiasm is generally average, with purchases mainly on demand and ready to use. As of now, the quotation range for PVC 5 type carbide materials in China is mostly around 5700-5870 yuan/ton.

On October 27th, international crude oil futures rose. The settlement price of the main contract for WTI crude oil futures in the United States was $85.54 per barrel, an increase of $2.33 or 2.8%. The settlement price of the main contract for Brent crude oil futures was 89.20 yuan/barrel, an increase of 2.15 US dollars or 2.5%.

In terms of calcium carbide, according to the Commodity Analysis System of Business Society, the factory price of calcium carbide in the northwest region slightly decreased in October, with the price of calcium carbide dropping from 2966.67 yuan/ton at the beginning of the month to 2916.67 yuan/ton at the end of the month, a decrease of 1.69%. Looking at the future market: In mid to early November, the calcium carbide market may slightly decline, with consolidation being the main focus. The price of upstream raw material blue charcoal has slightly decreased, and the cost support for calcium carbide is insufficient. The downstream PVC and 1,4-butanediol markets have fluctuated and fallen, leading to a weakening of downstream demand. In the future, the price of calcium carbide in the northwest region may fluctuate slightly in mid to early November, with consolidation being the main trend.

3、 Future Market Forecast

PVC analysts from Business Society believe that the factory prices of calcium carbide in the northwest region fell in October, with average cost support. The enthusiasm for downstream procurement is average, and actual transactions are limited, with most enterprises mainly focusing on stability and wait-and-see. It is expected that the PVC market may continue to fluctuate within the range in the short term, and closely monitor changes in the news.