PVC Market Weekly: Prices Edge Up (6.5-12)

This week (2025.6.5-2025.6.12), the spot market price rose slightly in comprehensive comparison. The price adjustment during the week was mainly small. The futures price also broke away from the relatively low level. The highest price during the week was 4855.

Influencing factors during the week:

1. From a technical perspective, the operation of the 2509 contract price has broken away from the previous low price zone of 4700-4750, but the daily fluctuation range is still relatively narrow, and the upper track pressure level on the disk is effective. Although there is a small increase, the strength is insufficient. The weekly position shows a continuous small reduction trend.

2. From the supply perspective, the calcium carbide process operating rate increased during the week. With the end of maintenance, the PVC supply increased compared with the previous period. This is also the main reason why the ex-factory price adjustment was not large during the week. Production enterprises are mainly active in shipments.

3. There is no big new trend in demand. After the futures price went up, the spot market showed a wait-and-see attitude. The basis was slightly adjusted during the week, and both the fixed price and the point price remained light.

4. The ex-factory price of calcium carbide was significantly increased by 100 yuan/ton during the week, and the price of crude oil rose sharply.

5. There was still no obvious guidance from the policy port during the week.

Overall, the futures and spot markets adjusted narrowly during the week. From the comparison of valuations, the North China region rose by 20 yuan/ton, the East China region rose by 45 yuan/ton, the South China region rose by 55 yuan/ton, the Northeast region rose by 20 yuan/ton, the Central China region remained stable, and the Southwest region rose by 15 yuan/ton.

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