April 7th News
On April 7th, the PVC market in Linyi saw an upward trend. After the midday session, the futures market rose, and the spot market followed with fluctuations. Dealers' offers increased by approximately 30–50 yuan compared to the previous trading day. Market sentiment remained moderate, while transaction activity was relatively stable. Currently, the mainstream quotation for calcium carbide-based PVC type 5 is in the range of 5,420–5,480 yuan/ton.
Chempricehub Analysis on PVC:
Bull-Bear Score: +1
The article indicates that the spot market for PVC in Linyi has risen, with dealers' offers increasing by 30–50 yuan compared to the previous day. The mainstream quotation for calcium carbide-based PVC type 5 stands at 5,420–5,480 yuan/ton. Transaction activity remains stable, but market sentiment is moderate, suggesting that short-term demand provides support while limiting the extent of price increases, which is favorable for spot prices.
Combined with futures data, the settlement price for the main PVC contract 2701 is 5,560 yuan, up by 7 yuan. Open interest increased by 15,054 lots to 71,277 lots, with a trading volume of 72,312 lots, indicating a strengthening upward trend after the midday session and enhanced bullish sentiment.
Overall, the market outlook is moderately positive, scoring +1. While the short-term upward momentum is clear, the moderate market sentiment suggests limited upside potential. Continued attention should be paid to the sustainability of demand.
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