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【PVC Daily Review】PVC Prices Rise Slowly, Trading Atmosphere Becomes Weaker

Longzhong 2025-03-24 17:32:12

Today's summary

①、Domestic PVC manufacturers' ex-factory prices partially increased by 50 yuan/ton;

②, This week, Qinghai Salt Lake Magnesium's calcium carbide method facility is scheduled for minor maintenance, Yibin Tianyuan is under repair, Qinzhou Huayi has not yet started operations, and Suzhou Huasu plans to start operations today;

③、The central bank said it will choose the right time to cut reserve requirement ratios and interest rates based on domestic and international economic and financial conditions and the operation of financial markets.

2spot overview

Table 1 Domestic PVC Spot Price Summary (yuan/ton)

Taking the East China Changzhou market as a reference, today's cash warehouse pick-up price for Type 5 acetylene method in the East China region is 4900 yuan/ton, an increase of 70 yuan/ton from the previous trading day.。

The macro atmosphere was positive over the weekend, with commodities and stock indices performing well in the early session. The black sector fluctuated upwards, driving a strengthening trend in the market; the supply and demand situation in the spot market was average, with the focus of spot prices slightly adjusted upwards during the session. The trading atmosphere for mid-to-high-end prices slowed down, with the warehouse delivery price of cash method type five in East China ranging from 4880 to 5050 yuan/ton, and the ethylene method stabilizing at 4950 to 5200 yuan/ton.

3.basis between futures and spot

Table 2 Main Delivery Location Basis (Yuan/Ton)

From the basis perspective, the PVC basis in East China is in the range of 05 contract -160 to -280 yuan/ton, with a slight increase in spot prices and a slight easing of the futures-spot basis.

4.production dynamics

Table 3PVCmaintenance equipment list

Suzhou Huasu resumes driving, Qinzhou Huayi has not started driving。

5. price forecasttest

Recent macro policy expectations have boosted and the upstream black sector has seen positive news, pushing up PVC prices during the trading session; the basic supply and demand situation is at an impasse, with a concentrated maintenance season in the future, leading to an expected slowdown in supply, while terminal demand remains stable, with spot prices following the market trend and rising; costs are mainly stabilizing in the short term, with market expectations still mainly influenced by market fluctuations, and there is insufficient support for the continuous rise in spot market prices. The cash price of the five-type calcium carbide method in the East China PVC market is seen in the range of 4900-5050 yuan/ton.

6.related products

calcium carbideCalcium carbide cost temporarily stabilizes, the domestic calcium carbide market stabilizes over the weekend, with the mainstream trading price in Wuhai region stable at 2700 yuan/ton.

ethyleneEthylene method costs remain high, CFR Northeast Asia at $855/ton stable, CFR Southeast Asia at $920/ton stable.

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【PVC Daily Review】PVC Prices Rise Slowly, Trading Atmosphere Becomes Weaker

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