SunSirs: Favorable Supports, China PVC Market Price Rises (August 1-19)

　　According to the data monitored by SunSirs (the average ex-factory price of carbide SG5), on August 19, the average mainstream price of PVC in China was 9,262.5 RMB/ ton, up about 40 yuan from 9,225 RMB/ ton at the beginning of the week, up 0.41%, 1.37% from the beginning of the month and 41.85% compared with the same period last year.

　　The PVC market fluctuated slightly this week, and the increase range of enterprises in the week was mostly in the range of 50-100 RMB/ ton, with small fluctuation. PVC continued to fluctuate and rise this week. The main reason is still the high raw materials and tight supply in the PVC market, especially the 3/8 type. At the same time, the external price is firm and the futures are highly bullish. However, the off-season effect is still dragging PVC up rapidly. This week, CFR Southeast Asia fell $10/ ton, to $1290/ ton, and CFR India rose $90/ ton, to $1,520/ ton. The external market recovered, coupled with the strengthening of fundamentals, which boosted the strength of the domestic PVC market.

　　In terms of spot, at present, the mainstream quotation range of PVC5 electric stone in China is mostly around 9,150-9,500 RMB/ ton. The interval of PVC5 electric stone in Hangzhou is 9,330-9,430 RMB/ ton; The mainstream of PVC5 electric stone in Changzhou is 9,300-9,450 RMB/ ton; The mainstream price of PVC ordinary electric stone in Guangzhou is 9,380-9,450 RMB/ ton; Local market prices rose.

　　In terms of futures, PVC futures prices rose strongly this week, driving the price rise in the spot market. On August 19, the opening price of V2109 contract: 9310, the highest price: 9420, the lowest price: 9220, the position: 135832, the settlement price: 9315, the settlement price if the previous day: 9370, down: 55.

　　SunSirs PVC analysts believe that at present, the price of raw calcium carbide continues to rise, the cost support is strong, and the tight supply of PVC has not changed, which supports the high price of PVC. It is expected that the PVC market in China will continue to operate at a high level in the short term and the price will be adjusted in a narrow range.