1、 Price trend

According to the data monitored by the business community, the PVC spot market price fell in April. On April 1st, the average price of domestic PVC was 6096.67 yuan/ton, while on April 28th, the average price was 5925 yuan/ton. The price fell by 2.82% during the month.

2、 Market analysis

PVC spot market prices fell in April. PVC spot market prices continued to fall in April. The price of raw material calcium carbide has decreased, and cost support is weak. In addition, PVC inventory is still high, resulting in a continuous downward trend in spot prices. Overall, the market demand was light this month and the trading situation was poor. Intermediaries are often cautious and cautious, while downstream processing enterprises mainly focus on obtaining goods on demand and taking them as needed, resulting in low purchasing enthusiasm. As of now, the quotation range for PVC5 carbide materials in China is mostly around 5700-6280 yuan/ton.

In terms of international crude oil, on April 27th, international crude oil futures rose. The settlement price of the main contract for WTI crude oil futures in the United States was $74.76 per barrel, an increase of $0.46 or 0.6%. The settlement price of the Brent crude oil futures main contract was $77.72 per barrel, an increase of $0.50 or 0.6%.

In terms of calcium carbide, according to the Commodity Analysis System of Business Society, the factory prices of power plants in the northwest region fluctuated and fell in April. The price of calcium carbide dropped from 3133.33 yuan/ton at the beginning of the month to 2983.33 yuan/ton at the end of the month, a decrease of 4.79%. At the end of the month, prices decreased by 25.10% year-on-year. Looking at the future market: In mid to early May, the calcium carbide market may slightly decline, with consolidation being the main focus. The prices of upstream raw materials such as blue charcoal have stabilized at a low level, while the cost support for calcium carbide is average. Calcium carbide enterprises have a high operating rate and high inventory. The downstream PVC market continues to decline, and downstream demand is insufficient. Supply exceeds demand, and it is predicted that the price of calcium carbide in the northwest region may fluctuate slightly in mid to early May, with consolidation being the main trend.

3、 Future Market Forecast

PVC analysts from the business agency believe that the PVC spot market price continued to fall this month, and the upstream carbide price fell in shock, lacking support. The performance of futures has not been satisfactory, and the overall market confidence is insufficient. Traders and downstream players have a cautious wait-and-see attitude, with a focus on just needs. It is expected that the PVC spot market will be weak and consolidated in the short term.