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Last week, the operating rate of PVC production enterprises reported 77.
90%, an increase of 2.
57% month-on-month and a year-on-year decrease of 1.
04%; PVC production increased slightly to 427,200 tons, up 3.
35% month-on-month and 1.
86%
year-on-year.
With the decline in calcium carbide cost prices, PVC companies' operating load expectations have rebounded slightly this week, and market supply is expected to increase
.
Last week, the start of PVC downstream products enterprises was basically stable
.
The production of plates and soft products is acceptable, and the start of hard products is weak
.
Terminal demand in the north is not good, product companies have limited new orders, and demand is expected to weaken
as the weather turns cold.
As of November 28, the domestic PVC social inventory was 154,700 tons, an increase of 8.
11% month-on-month and 109.
91% year-on-year, and the current inventory has been higher than the level of the same period last year, indicating that the recovery of downstream demand is insufficient
.
Today's V2201 contract opened higher and lower, indicating that the pressure above it is still high
.
News: 1.
The overall steady growth of calcium carbide starts, the demand is weakening, the mainstream ex-factory price in Wuhai is stable at 5100 yuan / ton, with the steady growth of calcium carbide supply, the arrival in North China and Shandong has recovered
.
In the downstream, the demand in Shaanxi region has weakened, the regional performance of the market is obvious, and it is expected that the domestic calcium carbide market will remain stable and cautious tomorrow, and the supply and demand game will be fierce
.
2.
From December 1, 2021, China's customs will no longer issue GSP certificates
of origin for goods exported to 32 countries, including EU member states, the United Kingdom, Canada, Turkey, and Ukraine.
Since 1 December, only three countries have retained the GSP treatment granted to China: Norway, New Zealand and Australia
.
On December 2, PVC main contract 2201 closed at 8332, down 3.
64%, the spot market price fell 0.
66% from the previous day, the current mainstream price in 8800-9300 yuan tons, the offer of holders continued to decline, the market transaction atmosphere is general, the demand in the off-season is weakened, the positive shipment sentiment of enterprises is strong, and the sales pressure is greater, but the price of raw materials has not fluctuated greatly in recent days, and the cost support is still there
.
It is expected that PVC will continue to fluctuate lower in
the short term.
