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Recently, the domestic PVC market quotation continued to rise slightly, the current supply is still tight, PVC enterprises have no inventory pressure, the quotation is at a high deadlock, the replenishment cost of traders is higher, and the quotation continues to rise slightly; On the other hand, futures remain high and volatile, and it is difficult to have downside
.
Of course, affected by environmental protection inspections, the performance of the East China market is relatively general, the price rise is hindered, and the narrow range consolidates
.
South China demand is stable, supply is tight, prices are stable and small increases, and quotations are high
.
Ethylene PVC pre-sale is better, no inventory, mainly to return arrears, and the quotation is firm and high
.
Downstream demand: environmental impact, downstream product enterprises in Shandong have poor starts, small and medium-sized downstream product enterprises in Zhejiang have stopped work, and demand has shrunk locally, resulting in PVC prices continuing to rise
.
However, the start of large-scale product enterprises is relatively stable, and the orders of products in the affected areas have shifted by region, so the overall demand decline is limited, which only leads to the temporary obstruction
of trading in local areas.
Market sentiment: PVC recorded a wave of sharp rises before, and there were more willingness to cash in profit-taking orders; In addition, the previous rally has more or less reflected the previous bullish factor, so when the bullish factor really materializes in September, the market will also end
.
Overall, the recent PVC supply is still slightly tight, and the price is difficult to fall back, and the price shipment is adjusted narrowly according to the inventory situation in a stable manner
.
Traders' inventories are low, but environmental protection has led to unsmooth shipments, and there is also resistance
to prices continuing to rise.
At present, the impact of environmental protection on supply and demand is uncertain, and the market has entered the game stage, with short-term narrow fluctuations
.