1. Market Price
2. Market
Review
China’s
PVC powder prices fluctuated downward this week. The weekly average price of
calcium carbide-based PVC powder was RMB 5,474/mt, down RMB 46/mt WoW.
PVC
powder fundamentals remained soft. As for costs, calcium carbide prices moved
down, denting the cost support. In addition, the market sentiment weakened. New
policies failed to meet the market expectations, and market players held
uncertain attitudes toward the increase in real estate demand.
3. Market
Forecast
SCI
predicts that China’s PVC powder prices will possibly move down next week, with
the price range of RMB 5,300-5,500/mt. Macro policies have been the main price
drivers for the PVC powder market recently. As new policies fail to meet market
expectations, market sentiments may cool down further.