1、 Price trend

According to data monitored by Business Society, the PVC spot market prices in February first fell and then rose, and overall, the prices increased. On February 1st, the average price of PVC in China was 5574 yuan/ton. On February 29th, the average price was 5596 yuan/ton, with a monthly price increase of 0.39%.

2、 Market analysis

In February, the spot market price of PVC fell first and then rose, and overall, the price increased. In the first half of this month, the spot market price of PVC fell. The market inquiry enthusiasm is average, and the market transactions are light near the holiday. The market has basically stagnated during the mid Spring Festival holiday. In the latter half of the year, the spot market prices remained stable and increased after the opening of the year. The manufacturer’s quotation is mainly stable, while the prices of traders are relatively flexible. Downstream markets are more wait-and-see, just in need of goods. As of now, the quotation range for PVC 5 type carbide materials in China is mostly around 5300-5850 yuan/ton.

In terms of crude oil, international crude oil futures closed slightly lower on February 28th. The settlement price of the main WTI crude oil futures contract in the United States was $78.54 per barrel, a decrease of $0.33 or 0.4%. The settlement price of the Brent crude oil futures main contract was $82.15 per barrel, a decrease of $0.41 or 0.5%.

In terms of calcium carbide, according to the commodity market analysis system of Business Society, the ex factory price of calcium carbide in the northwest region fell in February. On February 1st, the average ex factory price of mainstream calcium carbide manufacturers in Northwest China dropped from 3000 yuan/ton at the beginning of the week to 2900 yuan/ton on February 29th, a decrease of 0.55%. Production companies had high inventory levels before and after the Spring Festival, and many companies provided subsidies and discounts to actively ship out. In the future, the calcium carbide market has bottomed out. Considering that enterprise inventories are still at a medium to high level and prices remain relatively stable, as the speed of outbound shipments increases and downstream demand gradually improves, the calcium carbide market is steadily improving.

3、 Future Market Forecast

According to PVC analysts from Business Society, as downstream product companies continue to start production, the market will see a recovery in demand and an improvement in on-site demand. The spot market prices will remain stable with some increases, but it is still difficult to trade high priced goods. It is expected that the PVC market will mainly adjust within the short term.