February 5th News On February 5, the PVC market in Zibo experienced a decline. The futures market fluctuated within a range, while the spot market adjusted accordingly. Today, dealers' quotations were 50–70 yuan lower compared to yesterday. Market sentiment remained moderate, though actual transactions were relatively stable. Currently, the mainstream ex-works price for calcium carbide-based PVC Type 5 is in the range of 4,800–4,850 yuan/ton. Chempricehub Analysis on PVC Bull-Bear Score: -1 Spot Market: The PVC market in Zibo showed a downward trend, with dealers' quotations dropping by 50–70 yuan compared to the previous day. The mainstream ex-works price for calcium carbide-based PVC Type 5 fell to 4,800–4,850 yuan/ton, reflecting weak demand and moderate market sentiment. Although actual transactions remained relatively stable, the price decline indicates oversupply or insufficient demand, constituting a mild bearish factor. Futures Market: The market fluctuated within a range. The main contract 2605 (Dalian Commodity Exchange) closed at 5,155 yuan/ton, with a settlement price of 5,108 yuan/ton, up 50 yuan from the previous day. This suggests price volatility without a clear trend, maintaining an overall neutral stance. The decline in the spot market may weigh on short-term futures performance, but current data supports a range-bound pattern. Comprehensive Score: -1 The clear decline in the spot market dominates the bearish impact, while the neutral performance of the futures market partially offsets it.