I. Focus Points

3/21: The market believes that the Asian economy and demand are expected to improve, coupled with the instability in the Middle East still bringing potential supply risks, leading to an increase in international oil prices. NYMEX crude oil futures for May contract rose by $0.21 per barrel to $68.28, up 0.31% month-over-month; ICE Brent crude oil futures for May contract increased by $0.16 per barrel to $72.16, up 0.22% month-over-month. China's INE crude oil futures main contract 2505 rose by 9.3 to 531.3 yuan per barrel, and the night session increased by 4.4 to 535.7 yuan per barrel.

2, Carbide: As of last Friday, the domestic carbide market remained stable. The mainstream trading price in Wuhai area stabilized at 2700 yuan/ton. Producers' shipments were smooth, with a price difference of 50 yuan/ton compared to the Wuhai area, increasing market观望. Regional downstream arrivals were uneven, with active purchasing. The demand in the southwest region began to decline today, easing regional arrival tensions. It is expected that the domestic carbide market will remain stable over the weekend. Note: "观望" was left untranslated as it seems there might have been an omission or typo in the original text. If you meant "观望情绪" (wait-and-see attitude), the translation would be "increasing the wait-and-see attitude in the market." Please confirm if this is the intended meaning.

3, PVC: Last week, domestic PVC market prices maintained a range-bound fluctuation, with resistance to price increases, and the supply and demand situation for PVC showed weakness. The market trading atmosphere was lukewarm, with slow inventory reduction in the industry. Downstream orders were poor, and the willingness to purchase was not high, leading to a partial decrease in spot transaction prices. As of March 21st, the cash-on-delivery warehouse price for Type 5 calcium carbide method in East China was 4800-4950 yuan/ton, and for ethylene method, it was 4950-5200 yuan/ton.

II. Price List

Three, Market Outlook

The domestic PVC market fundamentals have not shown significant improvement, and production remains at a high level; foreign trade exports are currently mainly for delivery, and due to unstable policies, new orders are cautiously seen as weak, with domestic demand slowing down; the price of raw material calcium carbide is stable, and costs are expected to remain firm in the short term. Currently, there are no major factors affecting the PVC market, and the market will continue to fluctuate within a range. It is expected that the mainstream price of SG-5 PVC in East China today will be in the range of 4850-5000 yuan/ton.

Four, Data Calendar