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SCI99 Editor

Mar 14, 2025 10:23:36

Weekly Summary: China PVC Powder China PVC Powder Prices Fluctuated Downward

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 4,924/mt, down RMB 66/mt or 1.32% WoW.

The main reasons affecting the market trend were as follows: On one hand, the sharp decline in U.S. stocks increased the probability of China’s stock markets and commodity futures adjusting in tandem. The U.S. non-farm payroll data for February came in below market expectations, with further weakness anticipated, raising concerns that the U.S. economy could fall into recession. On March 10, U.S. stocks plummeted, and market risk aversion increased. This led to a weakening atmosphere in domestic stock markets and commodities, with PVC futures showing a downward trend, followed by a drop in the spot market. On the other hand, the availability of marketable goods increased, mainly due to the concentrated cancellation of March PVC warehouse receipts, which led to the outflow of older stocks and downward pressure from low-priced resources.

3. Market Forecast

SCI predicts that China’s PVC powder prices will possibly be range-bound next week, with the price range of RMB 4,700-5,000/mt. With the concentrated cancellation of March PVC warehouse receipts, PVC spot resources may increase, denting fundamentals. There are uncertainties in the macro market. Attention needs to be paid to changes in the macro market.

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