1、Today's Summary

①、Crude Oil: 3/4: The U.S. policy of imposing additional tariffs has sparked potential risks of trade disputes, coupled with OPEC+ planning to slightly increase production from April, leading to a decline in international oil prices.

②、PVC Market: Domestic calcium carbide-based PVC manufacturers have increased their ex-factory prices by 20-50 yuan/ton for some products.

2、Spot Overview

Taking Hebei region as the benchmark, today's price of white plastic steel national standard first-grade washed and crushed material is 3250 yuan/ton, and the price of high-quality crushed material of small white pipes is 2800 yuan/ton. Price trends are stable, in line with early expectations. There is limited growth in orders within the market, and downstream demand has not shown significant improvement. The market maintains small orders based on essential needs. Regenerated enterprises flexibly arrange production, mainly supplying orders for regular customers.

3、Price Forecast

The current trend of recycled PVC market prices is mainly stable. The trading atmosphere remains weak, and terminal purchasing enthusiasm is lacking, maintaining mainly small orders based on essential needs. Regenerated enterprises are cautious in quoting, with slow sales. Despite the peak season, the recovery of downstream demand is gradual, providing limited support to the market. It is expected that in the short term, the prices of recycled materials may continue to follow a consolidation trend.

4、Related Product Situation

PVC Market: The supply of PVC is gradually increasing, with maintenance shutdowns at some plants resuming operations this week. In the short term, there is insufficient new maintenance, and demand remains stable. The U.S. imposition of additional tariffs has increased the wait-and-see attitude towards the export of commodities. During the session, prices have been weakly fluctuating downward. In the East China region, the cash pick-up price of calcium carbide-based type five is 4900-5050 yuan/ton, while the ethylene method is 5100-5400 yuan/ton.