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 4,784/mt, down RMB 23/mt or 0.48% WoW.
First,
PVC powder fundamentals continued to show near-term strength but long-term
weakness. Expectations remain bearish due to factors such as the upcoming new PVC
capacity and the impact of tariffs. Second, macroeconomic support was limited. There
were no new positive policies in China, while uncertainty around China-U.S.
tariff policies kept market participants cautious. Market sentiments were lukewarm.
3. Market
Forecast
SCI
predicts that China’s PVC powder prices will possibly move sideways next week, with
the price range of RMB 4,650-4,830/mt. In the short term,
there may be limited PVC unit shutdowns. Some downstream enterprises plan to take
holidays during the Labour Day holiday. After the holiday, the PVC powder
industry inventory is expected to pile up, leading to a temporary weakening in PVC
powder fundamentals. On the cost side, negative integrated profits at some
chlor-alkali producers may support the PVC market from the bottom. As for the macro
economy, there may be no new stimulus factors, failing to boost
the market price.