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.