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After April, the supply and demand sides continued to improve, on the one hand, the maintenance efforts gradually increased, and reached a peak in the second quarter, on the other hand, with the weakening of the epidemic, downstream enterprises also gradually recovered, driving the PVC market to pick up
.
In early June, as OPEC reached an agreement on extending the production cut agreement, oil prices rose to the highest value in nearly three months, and the atmosphere of energy improved across the board, and PVC prices also rose, once breaking through the high of 6400, however, with the sharp correction in oil prices, PVC entered a half-month volatile trend
.
From the perspective of PVC downstream distribution, pipes, profiles, doors and windows account for more than half, and these downstream are closely related
to real estate development.
With the gradual improvement of the epidemic situation in Europe and the United States, export demand is expected to increase
steadily in June and July.
On the whole, after mid-June, the maintenance support that promoted the price increase in the early stage still exists, and the "V" shaped rebound of new real estate construction is still strong for pipes, profiles and other major downstream demand, which also makes upstream inventory and social inventory are at a relatively low level, the short-term destocking state is expected to continue, V09 more orders are expected to continue the high volatility trend, the fluctuation range of 6100-6500, if the inventory begins to continue to accumulate, then the early long orders gradually leave the market
.
