In North China, underpinned by higher quotes from manufacturers and an upward trend in the opening of main futures contracts, the PVC market has seen a narrow increase in the average quoted price. Some downstream product companies in the local area have begun to suspend work and go on vacation, resulting in weaker procurement demand and actual flat transactions. Recently, in the context of improved macro atmosphere, there is still a possibility of an upward trend in the local PVC market in the short term.
In East China, the PVC market is trending upwards, with the trading range further up. At present, despite sufficient inventory, the regional traders actively follow up after upstream manufacturers have continuously raised their prices. Based on the current situation, with the continuous increase in futures contracts and spot manufacturers′ quotes, there is still some room for improvement in the local PVC market.
In South China, the PVC market has shown relatively active performance, with the average price further up 20-30 yuan/ton. In the context of stable deliveries, with the continuous increase in quotations, the traders have seen an increase in the cost of replenishing warehouses. Starting this week, the main futures contracts have continued to rise, driving the spot trading atmosphere to warm up and making downstream customers more likely to buying at an inflated price.