1. Market Price
2. Market
Review
China’s
PVC powder prices were range-bound this week. The weekly average price of
calcium carbide-based PVC powder was RMB 5,308/mt, down RMB 47/mt WoW.
PVC
powder fundamentals remained tepid, failing to give support to the market
price. In addition, market sentiments changed rapidly affected by India’s
anti-dumping preliminary landing, the U.S. presidential election, and expectations
for more loose fiscal policies in China.
3. Market
Forecast
SCI
predicts that China’s PVC powder prices will possibly fluctuate next week, with
the price range of RMB 5,200-5,500/mt. PVC powder fundamentals will likely
remain stable. Macro policies and market sentiments may be the main price
drivers. If new policies exceed expectations, the PVC powder market price will
possibly see a brief rebound. Otherwise, the market price may be range-bound.