Weekly PVC Market: Prices Fluctuated Down

Chinese PVC Market Review

PVC Market Price

The overall Chinese PVC market was flat this week. In H2 May, the futures market went down and the dealing prices of PVC in the spot market slid. Most PVC producers hold stable ex-works prices. On June 1, the calcium carbide price jumped, which boosted the PVC market to some degree. Up to June 1, the average price of PVC produced via calcium carbide method was RMB 5,984/mt, down RMB 85/mt or 1.4% week on week. The average price of PVC produced via ethylene method was RMB 6,664/mt, down RMB 9/mt or 0.13% week on week.   

Forecast：The calcium carbide prices maintain firm and the supply of PVC will be stable. The demand for PVC is limited. Most players show a wait-and-see position. It is predicted that the PVC price in East China will be in the range of RMB 5,930-6,100/mt. The price in South China will be in the range of RMB 6,000-6,100/mt.