1、 Price trend
| Azodicarbonamide (AC foaming Agent) |
According to the monitoring of the commodity market analysis system of the Business Society, the SG5 PVC carbide method fell this week. On Monday, the average domestic PVC price was 5612 yuan/ton, and on Friday, the average price was 5530 yuan/ton. The price fell by 1.46% during the week.
2、 Market analysis
The price of PVC in the domestic spot market continued to fall this week. Overall, the overall trading atmosphere in the spot market is light, and downstream procurement is lukewarm and not hot. Inquiries and procurement enthusiasm are not good, and actual transactions are cautious and more wait-and-see. As of now, the quotation range for PVC5 carbide materials in China is mostly around 5250-6170 yuan/ton.
| povidone Iodine |
In terms of crude oil, on May 25th, international crude oil futures fell. The settlement price of the main contract for WTI crude oil futures in the United States was $71.83 per barrel, a decrease of $2.51 or 3.4%. The settlement price of the main contract for Brent crude oil futures was $76.18 per barrel, a decrease of $2.18 or 2.9%. The expectation of further production cuts by OPEC+in oil producing countries has weakened, putting pressure on oil prices.
In terms of calcium carbide, according to data monitored by the Business Society, the factory price of calcium carbide in the northwest region has temporarily stabilized this week. The average ex factory price of mainstream calcium carbide manufacturers in northwest China this week is 3183.33 yuan/ton. The upstream price of blue charcoal has stabilized at a high level, with good cost support. The downstream PVC market has slightly declined, and the demand for calcium carbide has weakened.
3、 Future Market Forecast
PVC analysts from Business Society believe that PVC spot prices will continue to decline this week. At present, the demand for PVC spot market is still weak. Downstream and traders are mostly wait-and-see oriented, with poor market confidence and average trading atmosphere. It is expected that the PVC market will be weak in the short term and closely monitor changes in the news.
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