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 4,915/mt, down RMB 9/mt or 0.18% WoW.
The
concentrated cancellation of March PVC warehouse receipts led to the outflow of
older stocks and downward pressure from low-priced resources. Downstream enterprises
purchased on a need-to basis, and only low-priced transactions improved. Though
the social inventory fell, the inventory level was still high. Market players
held bearish sentiments. As for the macro market, macro atmospheres were tepid.
There were risks in the overseas market.
3. Market
Forecast
SCI
predicts that China’s PVC powder prices will possibly be range-bound next week,
with the price range of RMB 4,750-5,000/mt. The PVC powder
inventory may remain high despite the slow decrease in inventory. Macro atmospheres
may underperform, with market players’ bearish sentiments. Costs may give
stronger support to the PVC market. Attention needs to be paid to the
progress of PVC powder units’ intensive maintenance.