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Since entering April 2022, the volatility range of the PVC market has narrowed significantly, the trend of the PVC futures market is unknown, the rise and fall are arbitrary, and the spot market price is adjusted
accordingly.
The rebound of the epidemic has affected the flow of goods transportation, the shipment of PVC manufacturers has been blocked, and inventory has accumulated, but under the support of maintenance plans and costs, there is limited
room for price decline.
In terms of inventory, from the perspective of PVC social inventory, the destocking of PVC social inventory is hindered
.
As of (April 11), the total inventory of sample warehouses in East and South China increased, and the social inventory in East and South China was about 327,000 tons, up 1.
08%
from the previous month.
From the perspective of PVC enterprise inventory, PVC enterprise inventory continues to accumulate
.
As of (April 11), the inventory of domestic PVC manufacturers has increased, about 225,300 tons
.
As of April 15, the domestic PVC sample downstream products enterprises started about 52.
11%.
With the rebound of the domestic epidemic, the lockdown and strict control have led to the start of PVC downstream products enterprises have been suppressed again, followed by restrictions on logistics and transportation, household consumption and construction sites have been affected, PVC downstream demand is not good, and the receiving of goods is weak
.
As of April 15, the Asian PVC market was stable, and the CFR Far East offer was stable at 1391-1393 US dollars / ton; CFR Southeast Asia offered steady at $1470-1472/mt; CFR India traded steady at $1621-1623/mt
.
Due to the repeated new crown epidemic in China, demand is not good, while the Ramadan month in Southeast Asia lasts until early May, spot demand is sluggish, and the price of PVC in Asia remains stable
.
As of April 14, although some PVC enterprises have recovered, there are also some new maintenance enterprises, so the operating rate of PVC enterprises has dropped slightly, and the overall operation is about
78.
26%.
At present, from the perspective of local starts, the operating rate of enterprises in North China is about 76.
03%, the operating load of enterprises in East China is about 82.
27%, and the operating rate of enterprises in Southwest China is about
93%.
