PVC manufacturers in Shaanxi, Gansu and Xinjiang raised quotations recently, with mainstream ex-factory price of Grade 5 resin powder at 4,100-4,360 RMB/ton and preferential terms for some spot deals. Driven by improved industrial macro expectations and booming construction materials, PVC futures surged, spot prices rose steadily, and trading activity improved, though end-users remained cautious.
Short-term supply-demand fundamentals and costs stayed stable, while V2605 futures rose overnight, boosting market confidence despite falling international crude oil prices. This upward trend saw obvious capital inflows, supported by anti-involution and other industrial policies.
Though supply-demand dynamics haven’t confirmed a reversal in black and construction materials sectors, bullish sentiment dominates. Technically, PVC faces key integer-level resistance. Spot prices are expected to keep rising today, with futures performance depending on sentiment fermentation; market participants should monitor capital flows and policies.