As one of the main raw materials for the production of PVC flooring, polyvinyl chloride's trend will have an impact on PVC flooring. It is expected that China's PVC market will continue to fluctuate this week.
This week's PVC market forecast
The macro-economy continues to be positive, and it is expected that China's PVC market will continue to fluctuate this week. On the cost side, the price of calcium carbide is running at a high level, and the cost support of PVC enterprises is stable; on the demand side, Chinese demand orders are off-season, and the start of construction in the south has improved slightly; the export market is good in the short term, and we need to pay attention to changes in the US PVC market.
❶PVC Market
▶Analysis of China's PVC market
Last week, China's PVC market first fell and then rose. The supply of PVC was loose. At the beginning of the week, export demand weakened and real estate demand orders for products were off-season. Popularity, polyvinyl chloride is supported by this positive, and the spot price rises.
▶International PVC market price analysis
The global PVC market price continued to decline steadily, the European market fell by 10-50, and the Asian market fell to the range of 700-750 US dollars per ton following the quotations of major manufacturers.
❷Industry Chain of PVC Market
▶ Crude oil: International oil prices rose last cycle. As of November 30, the price of WTI was $80.55/barrel, up 3.35% from November 23; the price of Brent was $85.43/barrel, up 0.02% from November 23.
▶ Vinyl chloride: Last week, EDC continued to fall to US$225/ton month-on-month, and vinyl chloride fell to US$550/ton month-on-month. Demand in China's domestic market is weak and the market is under pressure.
▶ Calcium carbide: With the price of semi-coke lowered again, the losses of production enterprises have been repaired, and the supply has been increased. However, the price of PVC is weak and hard to change, and the demand continues to be sluggish.
❸PVC Market Outlook
▶ Supply forecast: From the perspective of the supply side, last week’s supply decreased slightly compared with last week. Due to the delay in the start-up of early maintenance companies and insufficient follow-up of terminal demand, it is expected that the overall output of production companies will relatively slow down in the near future.
▶ Demand Forecast: From the perspective of the demand side, the global economic outlook is not optimistic, and it is difficult to make new breakthroughs in the follow-up of domestic demand.
▶ Cost Forecast: OPEC+'s firm stance on production cuts will promote a complete embargo on Russian crude oil, and oil prices are expected to usher in a new upward momentum.
▶ Taken together: In summary, at the beginning of the month, the cost side and the demand side competed with each other, and the downward pressure on the economy led to a short-term decline in domestic demand that was hard to change.
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