1、 Price trend
| Bacillus thuringiensis |
According to the monitoring of the commodity market analysis system of the Business Society, the spot price of PVC carbide SG5 has risen this week. Last Friday, the average domestic PVC price was 6028 yuan/ton, and this Friday’s average price was 6192 yuan/ton, with a price increase of 2.72% during the week.
2、 Market analysis
The domestic spot market price of PVC has risen this week. Upstream calcium carbide prices have risen this week. On Wednesday and Thursday, the PVC stock market continued to rise, and spot prices gradually followed suit, making it difficult to find low-priced sources of goods. However, downstream market demand is average, resisting high prices, and actual order follow-up is slightly insufficient. As of now, the quotation range for PVC5 carbide materials in China is mostly around 6050-6350 yuan/ton.
On August 24th, international crude oil futures slightly increased. The settlement price of the main contract for WTI crude oil futures in the United States was $79.05 per barrel, an increase of $0.16 or 0.2%. The settlement price of the main contract for Brent crude oil futures was $83.36 per barrel, an increase of $0.15 or 0.2%.
| Gamma-PGA (gamma polyglutamic acid) |
In terms of calcium carbide, according to data monitored by the Business Society, the prices of calcium carbide manufacturers have increased this week. Last Friday, the average price of calcium carbide was 3133.33 yuan/ton, while this Friday’s average price was 3183.33 yuan/ton, with a price increase of 1.6% during the week. Upstream blue charcoal prices have stabilized at a low level, with average cost support. Downstream PVC prices have risen, and demand for calcium carbide has increased. In the future, it is expected that the factory price of calcium carbide in the northwest region may slightly increase, with consolidation being the main focus.
3、 Future Market Forecast
PVC analysts from Business Society believe that the trading atmosphere in the PVC spot market this week is still good, with futures prices rising, driving confidence in the spot market. Upstream calcium carbide prices have increased, providing strong support and benefiting the PVC market. It is expected that the PVC market will stabilize and consolidate in the short term, and we will closely monitor changes in the news.
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