1. Market Price
2. Market
Review
China’s
PVC powder prices fluctuated after inching down this week. The weekly average
price of calcium carbide-based PVC powder was RMB 4,750/mt, up RMB 11/mt or 0.2%
WoW.
First,
the improvement of geopolitical situation in the Middle East during the week
led to a pullback in crude oil from high levels, weakening the commodity
atmosphere. Second, the fundamentals of PVC powder saw little change this week.
The fundamental drivers for PVC powder were insufficient, while positive news
from the coal market provided slight support to the market.
3. Market
Forecast
SCI
predicts that China’s PVC powder prices will possibly move sideways next week, with
the price range of RMB 4,650-4,880/mt. Overall, the
short-term outlook suggests continued weakness in China’s PVC market. China’s domestic
demand may be insufficient, and PVC producers may hold low export prices to improve
exports. In terms of costs, chlor-alkali/PVC powder integration may be at the
breakeven margin, but it is difficult to form an effective driver. In the short
term, there may be no new stimulus policies in the macro market, having a limited
impact on the market.