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There were no new factory overhauls last week, and the overall operating rate rebounded; Social stock continued to decline last week, and now social stock has fallen back to recent lows
.
Demand in the lower reaches of North China has weakened, and the operating rate has continued to fall, while the lower reaches of East China and South China have maintained stable operating rates, and demand is expected to weaken
after mid-January.
calcium carbide is mainly stable for the time being, and the gross profit of calcium carbide PVC is high during the year; Liquid alkali continues to be weak and consolidated, and the comprehensive gross profit of chlor-alkali is general
.
Spot: According to traders' understanding, traders in East China quoted 7150 yuan / ton (-) on Friday, South China quoted 7320 yuan / ton (-), and the source quotation in January was 7000 yuan / ton; East China spot is still tight, pre-sale sources are general; South China spot continued to be tight, pre-sale general PVC manufacturers' quotations remained stable
.
Plate: The main contract 2005 fell slightly on Friday night, closing at 6585 yuan / ton (-20), and the position decreased by 3586 lots to 447,000 lots
.
Upstream calcium carbide: According to Zhuochuang, the price of calcium carbide in Wuhai area on Friday was 2475 yuan / ton (-).
Shandong quotation 3015 yuan / ton (+15).
The price of calcium carbide is deadlocked, the game between supply and demand continues, and the purchase price in some regions has increased
.
Supply: According to Zhuochuang statistics, the operating load of domestic PVC enterprises increased slightly last week, and the overall operating load of PVC was 77.
13%, up 1%
month-on-month.
The new plant Hebei Julong has been put into operation and planned to produce products, and the second phase of Ordos is expected to be put into trial operation by the end of last week
.
Inventory: According to Zhuochuang statistics, social inventory continued to fall last week, down 4.
9%
month-on-month.
Import and export situation: last week's Asian market quotations rose, CFR China rose 15 US dollars / ton, CFR Southeast Asia rose 5 US dollars / ton, CFR India rose 25 US dollars / ton, the current ethylene import window is still open
.
PVC spot is still tight, the basis is strong, and there is a demand for basis repair in the future, focusing on the inflection point
of inventory changes.
Subsequent new production capacity and the recovery of operating rate, supply is expected to increase; The high valuation of calcium carbide PVC gross profit during the year was high; The demand side is still weakening, and it is expected to weaken in the future
.
At present, it is still in the
game of strong reality and weak prediction.
