1、Today's Summary

①、Crude Oil: 3/3: Concerns over the US imposing additional tariffs, which could drag down the global economy and demand, coupled with uncertainty about whether OPEC+ will delay its production increase plans, led to a decline in international oil prices.

②、PVC Market: Domestic calcium carbide-based PVC manufacturers' ex-factory prices saw minor increases of 20-50 yuan/ton.

2、Spot Overview

Table 1 Summary of Domestic Recycled PVC Prices (Unit: yuan/ton)

Using Hebei as a benchmark, today's price for first-grade washed and crushed white plastic steel is 3250 yuan/ton, while the price for high-quality crushed small white pipes is 2800 yuan/ton. The price trend is largely stable with minor adjustments, in line with early expectations. There is limited growth in orders within the market, and downstream demand has not shown significant improvement. Market entry is mainly for small, essential orders, with recycled material enterprises flexibly scheduling production, primarily to fulfill orders from regular customers.

3、Price Forecast

The current trend in recycled PVC market prices is generally stable, with some declines. The trading atmosphere remains weak, and terminal purchasing enthusiasm is lacking, mainly focusing on small, essential orders. Recycled material enterprises are cautious in their quotations, with slow sales. Despite the peak season, downstream demand is recovering slowly, providing limited support to the market. It is expected that the short-term trend in recycled material prices may continue to be one of consolidation.

4、Related Product Situation

PVC Market: The supply of PVC is gradually increasing, with maintenance shutdowns at various plants resuming operations this week. There are insufficient new maintenance shutdowns in the short term, and demand remains stable. The US imposing additional tariffs has increased the wait-and-see attitude towards the export of bulk commodities, leading to a weak and downward trend in prices. In the East China region, the cash warehouse pick-up price for calcium carbide-based five-type PVC is 4900-5050 yuan/ton, while the ethylene-based price is 5100-5400 yuan/ton.