1. Market Focus for This Week

This week, the production output of PVC manufacturing enterprises has decreased compared to the previous period.

This week, the capacity utilization rate of PVC production enterprises is 79.81%.

3. Inventory of manufacturing enterprises: decreased compared to last week.

4. Third-party warehouses: The number of new samples has decreased by 41 compared to last week.

II. Domestic This WeekPVC MarketAnalysis

Domestic Regional Price Change Comparison Table

Unit: yuan/ton

Data Source: Longzhong Information

At the beginning of this week, the domestic PVC market showed an upward trend, mainly driven by the macro atmosphere. However, due to the drag from the PVC fundamentals, market prices rose and then stabilized. Throughout the week, both supply and demand were weak, with little change in production due to fluctuations in company maintenance and load. Domestic demand remained flat, while the inquiry atmosphere for foreign trade exports improved slightly, with market export orders concentrated for delivery. Currently, the market is stable, with short-term prices holding steady. In East China, the cash price for calcium carbide method PVC is 4900-5050 yuan/ton, while the ethylene method is priced at 5000-5200 yuan/ton.

Influencing Factors

During this period (from March 20 to March 26, 2025), international oil prices showed an upward trend. As of March 26, the WTI price was $69.65 per barrel, an increase of 2.04% compared to March 20; the Brent price was $73.79 per barrel, an increase of 2.49% compared to March 20.

According to Longzhong data, as of March 27, the mainstream price of calcium carbide method PVC in the Changzhou market is 4,920 yuan/ton, while the ethylene method PVC is priced at 5,150 yuan/ton.

This week, the domestic PVC third-party inventory new sample is 805,300 tons, a decrease of 3.42% compared to the previous period and a decrease of 8.57% year-on-year.

This week, the pre-sale orders of PVC production enterprises increased compared to the previous week, and the inventory of production enterprises decreased compared to the previous week.

IV. Market Forecast for Next Week

The recent improvement in the PVC supply-demand fundamentals is insufficient. In the short term, upstream PVC production enterprises have limited maintenance efforts. In April, many companies plan to undergo maintenance, but most of it is concentrated in the middle to late part of the month. Next week, facilities in Tianyuan and Qinzhou are expected to resume operations, so there will be little change in market supply. Domestic demand remains weak, with just steady demand, and overall foreign trade exports lack growth potential, resulting in continued weakness in both supply and demand fundamentals. Short-term macro expectations and cost support are weak. In the East China PVC market, the cash price for acetylene-based PVC remains weakly fluctuating in the range of 4850-5000 yuan/ton.