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SCI99 Editor

Mar 7, 2025 10:31:04

Weekly Summary: China PVC Powder Prices Dropped After Rising

1. Market Price

2. Market Review

China’s PVC powder prices first rose and then dropped this week. The weekly average price of calcium carbide-based PVC powder was RMB 4,990/mt, down RMB 31/mt or 0.62% WoW.

First, PVC powder fundamentals remained soft, as the PVC inventory was still high. Downstream enterprises engaged in bargain-hunting, while exports were average. Early this week, there were expectations for more loose monetary policies. After that, U.S. stock fell. Coupled with uncertainties in Trump’s policies, risk aversion warmed up. Thus, with macro atmospheres weakening, PVC spot prices went 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 4,800-5,050/mt. The PVC powder market can hardly change in the short term. There are uncertainties in the macro market. Attention needs to be paid to changes in the macro market.  

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