On January 8, the PVC market in Zibo region opened high but closed low. The futures market retreated after the midday session, and the spot market also pulled back. Today, dealers' quotations dropped by 30–50 yuan compared to yesterday. Market sentiment warmed up, and actual transactions were acceptable. Currently, the mainstream ex-factory price for calcium carbide-based PVC (Type 5) is in the range of 4,600–4,630 yuan/ton.
PriceSeek's analysis of PVC shows a long-short score of -1. The spot price of PVC in Zibo region decreased by 30–50 yuan compared to yesterday, with the mainstream ex-factory price ranging between 4,600–4,630 yuan/ton, indicating significant downward pressure on prices. Although market sentiment warmed up and actual transactions were acceptable, the high-open, low-close trend suggests that oversupply or weak demand is dominating in the short term, exerting a generally bearish impact on the PVC spot market.
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