PVC Morning Alert: PVC Prices Expected To Edge Higher Today

I. Focus Points

1 [LONGZHONG] April 28: Prospects for U.S.-Iran negotiations remain unclear, and navigation through the Strait of Hormuz continues to be obstructed, driving up international oil prices. NYMEX crude oil futures (June contract) rose by USD 3.56 per barrel to USD 99.93, up 3.69% week-on-week; ICE Brent crude oil futures (June contract) rose by USD 3.03 per barrel to USD 111.26, up 2.80% week-on-week. China’s INE crude oil futures (June 2026 contract) rose by CNY 12.2 to CNY 659.6 per barrel, and further increased by CNY 8.8 to CNY 668.4 per barrel during the night session.

2 Calcium carbide Domestically, the calcium carbide market saw regional price increases yesterday, with mainstream trading prices in the Wuhai area ranging from RMB 2,250 to 2,300 per ton. As the May Day holiday approaches, producers are actively shipping goods. However, high levels of pending unloading vehicles downstream and rising calcium carbide prices have intensified market caution among traders, leading to a restrained trading atmosphere. Prices are expected to remain largely stable with minor adjustments today, as low-priced supply diminishes and regional low-end prices edge upward.

3 PVC: Yesterday, domestic PVC prices in China fluctuated upward in the afternoon. Fueled by policy-related bullish expectations, the PVC futures market surged in the afternoon, and spot quotations edged higher, while market inquiry activity remained muted. As of April 28, The warehouse withdrawal price for Type 5 calcium carbide method in East China is in the range of 5000-5200 yuan/ton, while the negotiation range for the lower to middle end of the ethylene method is 5600-5800 yuan/ton.

II. Price List

III. Market Outlook

As more PVC maintenance companies increase, the market supply pressure will be relieved, and the central policy's increased support for infrastructure is beneficial to industrial demand, leading to a tightening of industry supply and demand. In the short term, the policy impact continues, and pre-holiday production cuts promote the intention of producers to maintain prices. It is expected that the PVC price level will slightly rise today.

IV. Data Calendar