The reasons for the recent decline in PVC spot prices are as follows: The decline in crude oil prices: As the basic raw material for chemical products, the price fluctuations of crude oil will have an impact on the prices of chemical products, including PVC. The decline in crude oil prices will lower the expected production cost of PVC, leading to a decrease in spot prices.
The reasons for the recent decline in PVC spot prices are as follows:
The decline in crude oil prices: As the basic raw material for chemical products, the price fluctuations of crude oil will have an impact on the prices of chemical products, including PVC. The decline in crude oil prices will lower the expected production cost of PVC, leading to a decrease in spot prices.
Poor macro atmosphere: The macroeconomic environment has a significant impact on the chemical market. The recent poor macro atmosphere may lead to insufficient market confidence, which in turn may affect PVC spot prices.
The demand is about to enter the off-season: the demand for PVC is affected by seasonal factors. As the demand is about to enter the off-season, the market's expectation for PVC demand is weakening, which will also lead to a 4% drop in spot prices.
Oversupply: The supply situation in the PVC market is also an important factor affecting prices. The current PVC market is experiencing oversupply, especially during the off-season of demand. The increase in supply may exacerbate the situation of oversupply, leading to a price drop of 4.
In summary, the recent decline in PVC spot prices is the result of multiple factors working together. These factors are intertwined and jointly affect the price trend of the PVC market.