1.
Market Price
2. Market
Review
China’s PVC powder prices fluctuated downward after rising after
the National Day holiday. The weekly average price of calcium carbide-based PVC
powder was RMB 5,520/mt, up RMB 287/mt from September 26.
The
PVC powder industrial operating rate remained high, while China’s domestic consumption
remained tepid. PVC powder fundamentals remained tepid, failing to support the market
price. As for costs, calcium carbide prices rose, giving stronger cost support.
Macro atmospheres were the main factor affecting the PVC market. After the holiday,
with the bullish effects brought by loose monetary policies being digested, market
atmospheres weakened, so PVC prices moved down.
3. Market
Forecast
SCI
predicts that China’s PVC powder prices will possibly be range-bound next week,
with the price range of RMB 5,350-5,600/mt. PVC powder fundamentals may remain
stable. Expectations for more loose monetary policies support market sentiments
to some extent. If new loose monetary policies are implemented, PVC powder
prices will possibly rebound.