Fundamentals have not changed significantly PVC prices are mixed

Today's domestic PVC market atmosphere is flat, futures range volatility is dominant, there are still some low-priced sources in the market, high offers are difficult to trade, point price sources still have advantages
.
At present, the enthusiasm of downstream receiving goods is not high, and small orders generally need to be purchased, and the market volatility continues
.

Recently, the comprehensive profit of chlor-alkali enterprises has increased
significantly.
However, this has not led to a significant increase
in the operating rate of the PVC industry.
There are not only the reasons behind the different production costs of different enterprises and the different profit assessment methods, but also the factors of
the device itself.
But whatever the reason, it should be noted that January-February has historically been the peak of monthly PVC production, because there are almost no corporate maintenance
during this period.
However, from March, the spring maintenance begins gradually, peaking in April and May
.
That is to say, if the current PVC operating rate cannot go further, with the subsequent spring maintenance, even if the current factors affecting the operating rate disappear, the operating rate of the PVC industry is also difficult to rise
.

At present, for PVC, what is determined is the low growth rate of supply, and what is uncertain is the extent
of demand recovery.
However, its overall supply and demand pattern is difficult to be particularly relaxed, in this case, giving a certain production profit upstream should be its reasonable valuation
.
Therefore, we believe that although the current market expectations have swayed significantly, there is no need to be overly pessimistic
for PVC.