1. Market
Price
2. Market
Review
China’s
PVC powder prices inched down after rising this week. The weekly average price
of calcium carbide-based PVC powder was RMB 4,955/mt, up RMB 40/mt or 0.81% WoW.
On
one hand, the domestic and international macroeconomic environment improved
compared to the previous period. There were expectations of a reserve requirement
ratio (RRR) and interest rate cuts domestically. The United States agreed to
discuss tariff issues with China and Canada. Market participants were
optimistic about the future of commodity markets. On the other hand, PVC powder
fundamentals improved marginally, with industry inventory continuing to decline.
Although China’s domestic downstream enterprises’ purchasing enthusiasm was not
high, the delay in the anti-dumping policy review by India allowed PVC producers
to continue receiving decent export orders.
3. Market
Forecast
SCI predicts that
China’s PVC powder prices will possibly be range-bound next week, with the
price range of RMB 4,850-5,050/mt. PVC powder fundamentals may exert a
limited influence on the market price. Exports and costs will likely give
support to the PVC market. As for the macro market, attention needs to be paid
to the potential changes in China’s domestic policies and U.S. tariffs. As the
main futures contract approaches the roll-over period, the fluctuation of
futures prices may widen, and participants adopt a more cautious attitude.