I. Focus Points

1. [Longzhong] 3/19: The US EIA inventory data was mixed, and with the Fed announcing in March that it would not cut interest rates for the time being, international oil prices ultimately rose slightly. NYMEX crude oil futures contract 04 closed at $67.16, up $0.26 per barrel, a month-on-month increase of +0.39%; ICE Brent crude oil futures contract 05 closed at $70.78, up $0.22 per barrel, a month-on-month increase of +0.31%. China's INE crude oil futures main contract 2505 fell by 2.0 to 521.4 yuan per barrel, and in the night session, it fell by 0.3 to 521.1 yuan per barrel.

2, Carbide: The domestic carbide market remained stable yesterday. The mainstream trading price in the Wuhai area stabilized at 2700 yuan/ton. Producers shipped goods smoothly, and previously shut-down facilities have gradually resumed operations, but there is still instability in production. The market supply remains tight. Downstream unloading vehicles are at a low level, and purchasing is active. It is expected that the domestic carbide market will remain stable and wait-and-see today.

3, PVC: The domestic PVC market prices were slightly weak and consolidating yesterday, with a small decline in transactions. The fundamentals have not shown significant improvement, and the market is mainly driven by rigid demand. The cost bottom support remains firm, but the market has been affected by factors such as the macro expectations of bulk commodities, leading to a decline. As of March 19th, the cash warehouse withdrawal price for Type V calcium carbide method in the East China region was weak at 4800-4950 yuan/ton, while the ethylene method was weakly stable at 4950-5200 yuan/ton.

II. Price List

Market Outlook

In the short term, there are limited new maintenance enterprises for PVC, and domestic downstream demand is mainly driven by rigid demand. Long-term orders are performing poorly, and some companies are restocking at low prices; the price of raw material calcium carbide remains firm, and cost support still exists; there is an expectation for the recovery of bulk commodity prices, and it is expected that the domestic PVC market prices will mainly remain stable today.