China PVC Surged Higher in April, with a Yearly Increase of about 65%

  18
 June 13, 2024

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According to Todudu monitoring data (SG5 average price of calcium carbide method), on April 25, the average price of domestic PVC alcohol was 8,962.5 yuan / ton, up 3.17% from the beginning of the month, up 64.83% from the ring. The same period last year.

Due to the strong chemical raw materials market after the Lunar New Year 2021, most of the raw material prices rose, and the domestic PVC market also showed a trend of rapid growth. It has grown about 22% in the last five months since January and about 65% year-on-year, leading the industry chain to synchronize the upward trend.

During the peak season in April, PVC prices continued to rise, up about 3% in the month. Market conditions are good, but the overall market situation is not stable. By mid-April, the market weakened, high-priced PVC transaction blocked, poor downstream conduction, resulting in a small price adjustment. In the second half of April, PVC prices continued to rise, repeatedly breaking through 9,000 yuan / ton, once again a record high. With the May Day holiday approaching, downstream pre-holiday inventory preparation is underway. As raw material calcium carbide prices continue to rise, PVC is prone to rise in the short term, but with high turnover. Grade.

In April this year, with the promotion of infrastructure construction, the building materials industry entered the peak season of consumption, the demand for PVC, glass, cement and other products increased, the downstream PVC profiles and pipelines to increase the operating load. The increase in new orders from companies of materials and other products still gradually strengthened the support for PVC price increase, but the high price transactions are still rare.

In terms of spot price, domestic PVC5 calcium carbide offer mainly around 8700-9100 yuan/ton. Hangzhou area PVC5 calcium carbide 9000-9200 yuan/ton, Changzhou area 9050-9150 yuan/ton, Guangzhou area 9000-9150 yuan/ton.

PVC market continued to rise in April due to the expected improvement in demand during the peak season and a sharp rise in futures prices, which pushed up the spot trend, said PVC analysts at China Business News Corporation. In addition, more downstream inventory work before the holiday, manufacturers inventory pressure is not big, and raw material calcium carbide prices continue to rise. Therefore, PVC is easy to rise in the short term, it is difficult to fall, mainly high run. The medium and long term need to pay attention to macro news and demand guidance.

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