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 5,174/mt, down
RMB 54/mt or 1.03% WoW.
First,
PVC powder fundamentals remained soft. The PVC powder industrial operating rate
moved up due to limited unit maintenance, but demand failed to increase
notably. Export orders were lukewarm. Second, macro atmospheres were tepid. However,
as two important meetings are planned to be held in December, market players
held watch-and-see sentiments.
3. Market
Forecast
SCI
predicts that China’s PVC powder prices will possibly inch down next week, with
the price range of RMB 5,100-5,300/mt. PVC powder fundamentals will likely
remain soft. The PVC powder market may face supply pressure. Market players
hold strong watch-and-see sentiments.