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Recently, the domestic PVC market has oscillated and sorted
.
During the long holiday, the international economic situation continued to remain turbulent
.
Chaos in the Middle East continues and shows signs of
contagion.
The tightening of the external environment continues
.
Saudi crude oil production has fully recovered to pre-attack levels
.
International crude oil prices have shown initial signs of stopping their decline after falling back to the previous low, but whether they can stop falling and rebound still depends on the development of
the situation in the Middle East.
Domestic: Affected by the 70-year long holiday and environmental protection inspection and safety production inspection, the operating rate of the downstream industry of polyolefin generally declined, while during the long holiday, the operating rate of manufacturers was stable, and the market inventory may have increased
significantly.
These factors will put pressure on PVC, but according to the data released by individual leading real estate developers, the sales of commercial housing in September were better
.
Evergrande's contracted sales in September increased by about 73.
8% month-on-month and 31.
9% year-on-year, refreshing the group's monthly contract sales record
.
Country Garden's contract sales amount attributable to the company's shareholders' equity in September increased by 40.
39% year-on-year; If these data are true, it may drive the downstream demand
for PVC to a certain extent.
During the long holiday, the NDRC said that by 2020, China will plan to build 127 key railway line projects, with a total length of 1,586 kilometers
.
This move may help to stimulate the demand of the black industry chain and indirectly form a certain cost support
for PVC.
Operationally, if the short order in the hands of investors opens sharply low or falls sharply after a low open, they can choose the opportunity to reduce their holdings
at the low.
