April 08 News — On April 8, the PVC market in Zibo experienced a decline. The futures market fluctuated downward, while the spot market showed a weak trend. Today, distributors lowered their quoted prices by 100–200 yuan, market sentiment weakened, and actual transactions remained moderate. Currently, the mainstream ex-works price for calcium carbide-based PVC (Type 5) is in the range of 5,230–5,300 yuan/ton.
Chempricehub Analysis on PVC — Bull-Bear Score: -1.5
The report indicates a downturn in the PVC market in Zibo, with futures fluctuating lower and spot market performance remaining weak. Distributors reduced quotations by 100–200 yuan, and the mainstream ex-works price stands at 5,230–5,300 yuan/ton. Market sentiment has weakened, and transaction activity is moderate. This suggests short-term oversupply or insufficient demand, exerting significant downward pressure on PVC spot prices. The decline is clear, and market sentiment is pessimistic, though not indicative of an extreme plunge. Therefore, it is rated between moderately bearish and significantly bearish.
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