1、 Price trend

According to the monitoring of the Commodity Market Analysis System of the Business Society, the spot price of PVC carbide SG5 fell first and then rose this week, indicating an overall price increase. At the beginning of the week, the average price of PVC in China was 5854 yuan/ton, while the average price over the weekend was 5884 yuan/ton. The price increased by 0.51% during the week.

2、 Market analysis

This week, the domestic spot market price of PVC fell first and then rose, and overall, the price rose. On Friday, the closing price of futures rose, driving confidence in the spot market. The market atmosphere was relatively active, with more inquiries and tentative increases from manufacturers. However, there was a clear resistance to high prices in the downstream market, with traders mainly shipping at one go, and actual transactions remained cautious. As of now, the quotation range for PVC SG5 carbide materials in China is mostly around 5820-6050 yuan/ton.

In terms of crude oil, on November 2nd, international crude oil futures ended their three consecutive declines and saw a rebound. The settlement price of the main contract for WTI crude oil futures in the United States was $82.46 per barrel, an increase of $2.02 or 2.5%. The settlement price of the main contract for Brent crude oil futures was 86.85 yuan/barrel, an increase of 2.22 US dollars or 2.6%. The main reason is that the Federal Reserve maintains interest rates unchanged, reducing future demand pressure, and increasing risk appetite.

In terms of calcium carbide, according to data monitored by the Business Society, the prices of calcium carbide manufacturers have temporarily stabilized this week, with an average domestic price of 2916.67 yuan/ton. The upstream price of blue charcoal is stable and weak, with average cost support. The downstream PVC market is average, and the demand for calcium carbide is weakening.

3、 Future Market Forecast

PVC analysts from Business Society believe that the PVC spot market has had average trading volume this week. Upstream calcium carbide is temporarily stable and organized, with acceptable support. International crude oil futures have ended their three consecutive declines and rebounded, which has affected the PVC futures market and boosted confidence in the spot market. It is expected that the PVC market will move slightly upwards in the short term and closely monitor changes in the news.