PVC futures continue to decline market sentiment bias

As of the end of last week, PVC social inventory still fell slightly, according to Zhuochuang statistics, last week downstream maintained on-demand procurement, but East China arrivals are still not good, the market is dominated by digestion inventory, inventory continues to decline, South China arrivals have improved, inventory has increased, and the total inventory of the two has decreased
slightly.

As of November 2, the sample inventory in East and South China decreased by 1.
91% month-on-month and 14.
21%
year-on-year.
Late arrivals are expected to increase
as the upstream overhaul is largely completed and capacity constraints ease earlier.

Yesterday's domestic PVC spot market atmosphere was not good, traders were active, quotations followed the market, transaction negotiations were the mainstay, but most downstream enterprises were cautious and wait-and-see, inquiries and procurement enthusiasm were general, and trading was relatively flat
.
Ordinary type 5 calcium carbide, the mainstream self-pickup quotation in East China is 6430-6490 yuan / ton; 6450-6500 yuan / ton self-pickup in South China; Shandong mainstream 6370-6460 yuan / ton delivery, Hebei market mainstream 6280-6400 yuan / ton delivery
.

In general, with the completion of upstream equipment maintenance in October, there will be less later maintenance, the supply will gradually increase in November, downstream demand will enter the seasonal off-season, market sentiment is weak, downstream stocking willingness is poor, calcium carbide prices continue to decline, and PVC futures prices remain weak
in November.
Investors are advised to keep their bearish thinking
.