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【PVC Daily Review】Weak Supply and Demand, PVC Spot Prices Remain Volatile

Longzhong 2025-04-02 17:50:10

Today's Summary

① Domestic PVC producers' ex-factory prices partially decreased by 20 yuan/ton.

②, Qinzhou Huayi is currently in operation, while the start-up time for Salt Lake Magnesium's ethylene method is still pending.

③**The specific situation of oil price adjustment is as follows: domestic gasoline,DieselThe retail price ceiling per ton has been raised by 230 yuan and 220 yuan respectively, for 95-octane.Raise0.19 yuan/liter.

2 Spot Overview

Table 1: Summary of Domestic PVC Spot Prices (RMB/ton)

Market	Specification	April 1st	April 2nd	Rise and fall value	Change Range
Changzhou	SG-5	4900	4900	0	0%
Hangzhou	SG-5	4950	4940	-10	-0.20%
Guangzhou	SG-5	5030	5030	0	0%
Zibo	SG-5	4950	4940	-10	-0.20%
Tianjin	SG-5	4890	4890	0	0%
Chengdu	SG-5	4920	4900	-20	-0.41%
Data source:Luongzhong Information

Based on the East China Changzhou market, the current spot warehouse withdrawal price for calcium carbide method Type 5 in East China is 4900 yuan/ton today, remaining stable compared to the previous trading day. 。

Domestic PVC market trendWeak oscillation, macro policy expectations are not optimistic, the spot market is mostly stable, with prices on the****mainly seeking lower levels. Export quotations have decreased slightly due to weakened demand. In East China, the cash warehouse withdrawal price for electric stone method Type V is between 4870-5000 yuan/ton, while the ethylene method is between 5000-5200 yuan/ton.

Figure 1 Domestic PVC Price Trend (Unit: RMB/ton)	Figure 2 Domestic PVC price trend chart by region (Unit: Yuan/ton)

Data source: Longzhong Information	Data source: Longzhong Information

3. Futures and Spot Basis

Table 2 Main Delivery Base Price Differences (Yuan/Ton)

Region	April 1st	April 2nd	Rise and Fall	Ring growth
East China (05 Contract)	-180	-180	0	0%
Data source:********

The basis for PVC in the East China region is in the range of -160 to -280 yuan/ton for the 05 contract, with little adjustment in the basis.

Figure 3: Basis Trend of PVC in East China (Unit: Yuan/Ton)

Source: Longzhong Information

4. Production Dynamics

Table 3 P VC List of Inspection and Maintenance Equipment

Enterprise Name	Craftsmanship	Capacity (10,000 tons)	Remarks	Equipment Change	Recovery Plan
Taishan Salt Chemical	Carbide method	10	Park	2022 September 29th	Pending
Shandong Dongyue	Carbide method	13	Park	2023 March 25th	Pending
U**** (Uhai Chemical) (Note: "U" doesn't form a standard term, so it's translated as "Uhai" assuming it's a proper noun. If this is part of a specific context or brand name, please verify the correct spelling.) Direct Translation: Wuhai Chemical (Uhai or Wuhai could be the correct name depending on the intended pronunciation.)	Calcium carbide method	40	Parking	2023 July 23	To be determined
Gansu Xinrong	Carbothermic method	20	Parking	2023 July 12th	Pending
Cangzhou Julong	Vinyl method	40	Parking	2024 September 20th	To be determined
Suzhou Huasu	Ethylene method	13	Parking	2025 January 27, Year 1	March 24, 2025
Qinzhou Huayi	Ethylene method	40	Annual maintenance	2025 February 10th	Pending
Gansu Yinguang	Carbide method	13	Temporary Parking	2025 March 11, year	2025 March 20
Salt Lake Magnesium Industry	Ethylene method	30	Temporary parking	2025 March 8th	Pending
Salt Lake Magnesium Industry	Carbide method	50	Scheduled maintenance shutdown for three days	2025 March 23rd	2025 March 26th
Yibin Tianyuan	Calcium carbide method	40	Maintenance	2025 March 23	2025 April 2nd
Bohua Development	Ethylene Method	80	4 Monthly schedule for rotating shifts	April 6, 2025
Sichuan Jinlu	Calcium carbide method	30	Maintenance	2025 April 14th	2025 April 17th
Anhui Huasu	Calcium carbide method	62	4 Annual major repair
Tianchen Chemical	Calcium Carbide Method	45	4-5 Monthly Maintenance
Shaanxi Jintai	Calcium Carbide Method	30	The old factory area will be under maintenance for 15 days.
Ningxia Jinyuyuan	Electroslag Method	70	4 Mid-month annual maintenance
Hubei Yihua	Carbide method	11	4 Monthly three-type device production halt
Xinjiang Zhongtai	Calcium carbide method	55	Shengnong Factory Maintenance
Shaanxi Beiyuan	Carbide method		Pending
Qinghai Yihua	Calcium carbide method	30	Planned maintenance
Xinjiang Yihua	Calcium carbide method	30	4-5 Monthly Maintenance
Ordos	Calcium carbide method	80	5-6 Moon rotation break
Shaanxi Goldwave	Carbide method	30	5 Monthly Maintenance
Shandong Hengtong	Ethylene process	30	5 Monthly Maintenance
Ningxia Yingli Special	Electric Arc Method	25	Annual maintenance, pending

Qinzhou Huayi is in operation, while the ethylene process of Salt Lake Magnesium Industry has not yet commenced production. 。

Figure 4 Domestic PVC Maintenance Shutdown Losses and Price Trend Chart	Figure 5 PVC Capacity Utilization Rate vs. Price Comparison Chart

Data source: Longzhong Information	Data source: Longzhong Information

5. Price Forecast Test

The domestic PVC market is experiencing a weak and volatile trend, with concerns about the impact of additional tariffs on the export of raw materials and products. The supply of spot fundamentals is expected to weaken due to maintenance, while domestic demand is lukewarm, and foreign trade exports are the main focus. Both supply and demand are not satisfactory, and the spot price center is weak and fluctuating. In the short term, cost support is temporarily stable, and it is expected that the PVC market will maintain a small range of weak fluctuations.East ChinaPVC marketCurrent cash prices for calcium carbide method Type 5In4800-5000 yuan/ton range.

6. Related Products

Calcium carbide ： The mainstream trade price in the Wuhai Ningxia region is 2700 yuan/ton.Cost support remains temporarily stable.

Ethylene Ethylene prices are weakly fluctuating.CFR Northeast Asia 855 USD/ton, CFR Southeast Asia 920 USD/ton, domestic prices have fallen,******************. Note: The last part "******************" was not fully translated. The correct translation should be "******************" which means "****" translates to "****" and "**************" translates to "has the potential to reduce the cost of ethylene method." Therefore, the complete translation should be: CFR Northeast Asia 855 USD/ton, CFR Southeast Asia 920 USD/ton, domestic prices have fallen, and there is potential to reduce the cost of ethylene method.

7. Data Calendar

Table 4 PVC Data Calendar Overview

Data	Release Date	Last period's data	Trend Forecast
PVC utilization rate	Thursday at 5:30 PM	79.81%	↗
	Thursday 5:00 PM	46.63	↗
PVC Production Enterprise Plant Warehouse Inventory	Thursday 17:00 PM	See data terminal	↗
PVC Third-party Social Inventory	Thursday 17:00 PM	80.53	↘
PVC Production Enterprise Export Volume	Friday 12:00 AM	See data terminal	↘
Operating rate of PVC downstream product manufacturers	Friday 5:00 PM	See data terminal	↗
Data source: Longzhong Information Note: 1. ↓↑ is considered as significant fluctuation, highlighting the data dimension with a rise or fall exceeding 3%. 2. ↗↘ are considered as narrow fluctuations, highlighting data with price changes within 0-3%.

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【PVC Daily Review】Weak Supply and Demand, PVC Spot Prices Remain Volatile

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