According to the data monitored by SunSirs (the average price of SG5 manufactured by calcium carbide method), on January 31, the mainstream average price of PVC in China was 7,175 RMB/ ton, down 1.98% compared with 7,320 RMB/ ton at the beginning of the month, up 5.13% compared with the same period last year.
In January, the PVC market first depressed and then rose, with a decrease of about 2% in the whole month, and the price fluctuated little. In January, the off-season demand is expected to weaken, especially in the northern part of the transportation is not smooth, as well as some downstream enterprises stop work in advance for holidays, the operating rate declines, and the support for PVC demand is weakened. In addition, the price of raw material calcium carbide falls, there are few maintenance enterprises, the market supply is sufficient, and the trading atmosphere is weak. The enterprises reduce the price and ship goods, falling by 4.88% in the first half of the month. The turning point in the second half of the month was mainly due to the rebound of futures prices, the repeated public health incidents in some areas, the poor transportation in some areas, the limited arrival resources, and the increase in exports. There was a certain reserve demand in the downstream years ago, which led to the decline of inventory and the rise of PVC prices. Near the end of the month, the market recovered calm and the trend was relatively strong.
In terms of spot, the mainstream quotation range of PVC5 calcium carbide in China is around 6,900-7,400 RMB/ ton. The main stream of PVC5 calcium carbide in East China is around 7,300-7,400 RMB/ ton, the main stream of PVC5 calcium carbide in Hebei is 7,070-7,130 RMB/ ton, the range of PVC5 calcium carbide in Hangzhou is 7,270-7,400 RMB/ ton, the main stream of PVC5 calcium carbide in Changzhou is 7,300-7,450 RMB/ ton, and the main stream price of PVC common calcium carbide in Guangzhou is 7,330-7,550 RMB/ ton.
On February 2, the main PVC futures contract V2105 opened at 7,300 RMB/ ton, the highest price was 7,365 RMB/ ton, the lowest price was 7,250 RMB/ ton, and the closing price was 7,305 RMB/ ton, down 90, or 1.22%. The turnover was 256,000, a decrease of 108,000. The position was 352,000, a decrease of 548.
SunSirs PVC analysts believe that in January, PVC first suppressed and then rose, and rebounded in the second half of the month. However, in the off-season of demand, the rise is difficult to last. At present, the market is calm. In February, the lower reaches shut down for holidays, the support of demand side continues to decline, the trading atmosphere turns light, the market negotiation price is obviously stable, and the price of PVC is expected to be stable in the short term in China, and there is a risk of downward trend in the future.
