I. Market Focus
Yesterday, the mainstream trade price in the Wuhai region was revised downward to 2,350–2,400 RMB/ton; today, it remains quoted at 2,350–2,400 RMB/ton.
Supply and Demand: As calcium carbide prices fell to low levels, downstream purchasing enthusiasm has improved slightly, leading to a marginal improvement in producers' shipment conditions. However, the overall weak demand pattern from downstream sectors remains unchanged, intensifying market competition and bargaining dynamics.
Cost Side: Yesterday, the semi-coke (blue carbon) market in Shaanxi remained stable. Current cost pressures on enterprises persist, with a growing reluctance to sell inventory; however, due to weak market conditions for downstream products like calcium carbide and ferrosilicon, semi-coke producers find it difficult to pass costs down. By-product medium-temperature coal tar prices rose slightly, providing some relief to production-side pressures. In the short term, the semi-coke market is expected to remain primarily stable.
II. Market Prices
| Price Type | Product Name | Specification/Model | Standard/Process/Application | Market Name | Price Condition | 2026/10/19 | 2026/10/20 | Change Value | Change % | Unit | Remarks |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Price | PVC | SG-5 | East China | Warehouse Spot Cash | 4950 | 4980 | 30 | 0.61% | RMB/ton | ||
| Market Price | PVC Paste Resin | Glove Grade | Micro-suspension Process | Jiangsu | Delivered Price | 7150 | 7150 | 0 | 0% | RMB/ton | |
| Market Price | Vinyl Acetate Monomer (VAM) | East China | Market Price | 7775 | 7775 | 0 | 0% | RMB/ton | |||
| Market Price | Semi-coke (Blue Carbon) | Medium Size | Shaanxi | Market Price | 1070 | 1070 | 0 | 0% | RMB/ton | ||
| Market Price | Raw Salt | Sea Salt | Shandong | Ex-works Pickup Price | 205 | 205 | 0 | 0% | RMB/ton | ||
| Market Price | 1,4-Butanediol (BDO) | East China | Acceptance Bill Delivered Price | 10350 | 10350 | 0 | 0% | RMB/ton | |||
| Market Price | Caustic Soda Liquid | 32% Ion-Membrane Alkali | Wet Ton Price - Industrial Grade | Shandong | Market Price | 612 | 611 | -1 | -0.16% | RMB/ton | |
| Market Price | Calcium Carbide | Shandong | Delivered Price | 2850 | 2825 | -25 | -0.88% | RMB/ton | |||
| Market Price | Calcium Carbide | Wuhai | Ex-works Self-Pickup | 2425 | 2375 | -50 | -2.06% | RMB/ton | |||
| Market Price | Liquid Chlorine | Shandong | Self-Pickup Price | 400 | 300 | -100 | -25% | RMB/ton |
III. Market Outlook
Yesterday, domestic calcium carbide prices declined, with the mainstream trade price in Wuhai falling back to 2,350–2,400 RMB/ton. After calcium carbide prices hit lows, downstream purchasing willingness marginally recovered, but the fundamental situation of overall weak demand has not yet reversed. Driven by improved shipment conditions for producers, some manufacturers raised ex-works prices slightly today; currently, the mainstream trade quote in Wuhai remains at 2,350–2,400 RMB/ton.
IV. Today's Macro News
◎ The People's Bank of China announced that, to better match the short-term liquidity needs of the banking system, it will conduct overnight reverse repo operations from October 21 to November 2. These operations will use fixed interest rates and quantity bidding, with daily volumes capped at 1 trillion RMB.
◎ China's October Loan Prime Rate (LPR) was released. The 1-year LPR stands at 3%, and the 5-year-plus LPR is at 3.5%. Both rates have remained unchanged for 17 consecutive months.
◎ The U.S. Department of Homeland Security issued a federal procurement exclusion and removal order targeting DeepSeek. The U.S. side sanctioned five Chinese companies citing theft of trade secrets. The Ministry of Commerce responded that the rapid development of Chinese AI enterprises stems from long-term dedication to basic research, sustained innovation investment, and adherence to independent technological innovation and open cooperation. It urged the U.S. to correct its erroneous actions, otherwise, China will take necessary measures to respond.
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