How about PVC market spot price, how will the PVC price go?
PVC spot market
Any product prices can always wave regularly, so thereâs no exception for PVC products. By the comparison of PVC prices in five years, it is found that there is a certain similarity in the trend of PVC prices. In addition to the abnormal sharp rise and fall of PVC prices under the influence of the epidemic, the PVC price range basically remains around 6000-8000 yuan/ton, while the current PVC price is around 6200-6500 yuan/ton, It can be seen that the current price is at a low level.
PVC future market
Recently, the trend of PVC futures is strong and the price continues to rise. As of January 13, the PVC futures 2305 contract opened higher, with the opening of 6419, the highest of 6496, the lowest of 6403, and the closing of 6469, up 62, or 0.97%. The trading volume was 846433, and the position increased by 8515 to 764223.
Prediction
First, in terms of PVC price, price of PVC still in a low level, it is unlikely to continue to fall. If other factors boost, there is some room for increase. Secondly, in terms of supply and demand, PVC supply has certain reduced, while the current downstream demand is weak, and with the holiday approaching, the downstream factories are gradually shut down for holiday, so the supply and demand fundamentals have not changed much; Finally, internationally, the price trend of PVC in Europe, America and Asia is relatively strong, and some participants in the international PVC market believe that the price still has room to rise, so it supports the domestic PVC price.
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