I. Points of Focus

On March 26, U.S. crude oil and refined oil inventories decreased, coupled with unstable geopolitical situations, leading to a rise in international oil prices. NYMEX crude oil futures for May contract increased by $0.65 to $69.65 per barrel, a rise of 0.94%; ICE Brent crude futures for May contract rose by $0.77 to $73.79 per barrel, an increase of 1.05%. The main contract for China's INE crude oil futures for May increased by 2.1 to 539.4 yuan per barrel, and in the night session, it rose by 3.5 to 542.9 yuan per barrel.

2. Calcium carbide: Yesterday, the domestic calcium carbide market operated steadily, with mainstream trade prices in the Wuhai region at 2,700 yuan/ton. Production enterprises had smooth shipments, and although there was no significant impact in the Inner Mongolia region yesterday, some companies still experienced unstable operations. Downstream deliveries showed slight improvement, but overall unloading remained low. Downstream purchasing enthusiasm remained strong. It is expected that the domestic calcium carbide market will continue to operate steadily today, with attention on supply-side changes.

3. PVC: Yesterday, the domestic PVC market prices maintained range-bound fluctuations. From the perspective of supply and demand fundamentals, there was no significant change. The supply side remained at a high level, while the demand side showed weak stability, resulting in an overall lackluster market transaction atmosphere. Meanwhile, the sentiment in the bulk commodity market was poor, and investors exhibited strong wait-and-see behavior, with the market generally focused on seeking low-priced transactions. As of March 26, the cash price for calcium carbide method PVC in East China ranged from 4900 to 5050 yuan/ton, while the ethylene method ranged from 5000 to 5200 yuan/ton.

II. Price List

Market Outlook

The domestic PVC supply and demand fundamentals remain lackluster. Recently, upstream PVC production enterprises have limited maintenance efforts, with only a few companies like Tianyuan and Yanhai making adjustments to their production facilities. Meanwhile, there are expectations for recovery from ethylene-based companies in Huasu and Qinzhou, so the overall market supply has not experienced significant fluctuations. On the demand side, domestic demand continues to show a flat trend, primarily driven by just-in-time needs, which makes it difficult to provide strong support for the market. The price of calcium carbide-based PVC in the East China market is expected to be between 4850-5000 yuan/ton.

Data Calendar