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Affected by the strong support of the cost side, PVC prices recently rebounded from the bottom, PVC futures rose 7% near the weekend last week, boosting the spot market, the price rose 1.
22% from the previous day, the company raised the range of about 50-200 yuan / ton, now the quotation is mostly in the range of 8900-9600 yuan / ton, some companies closed the report, the market rebounded back up
.
According to Longzhong statistics, the upstream operating rate last week was 75.
57%, up 0.
82% month-on-month, of which the calcium carbide operating rate was 75.
94%, up 0.
88% month-on-month, and the ethylene operating rate was 74.
73%, up 0.
29%
month-on-month.
From the perspective of upstream maintenance, the maintenance loss of enterprises last week was 129,500 tons, down 6.
16% month-on-month and 21.
12%
year-on-year.
The upstream operating rate continued to recover, but overall it was still lower than the normal level in the same period, and the rise in PVC prices boosted business confidence
.
In addition, there was frequent good news for real estate in November, such as banks issuing a financing whitelist for state-owned real estate enterprises, and the tight capital chain of real estate enterprises will be improved
to a certain extent.
PVC demand is closely related to the real estate industry, affected by this news, PVC futures prices have begun to rebound
.
In terms of news, on November 7, the Zhejiang Provincial Energy Bureau issued the "Notice on Suspension of Orderly Electricity Consumption Measures", the "Notice" said that according to the recent actual situation of power supply and demand, after research, it was decided to suspend the orderly electricity
consumption of the province from November 8.
In addition, according to Xinhua News Agency, State Grid announced that as of November 6, except for individual provinces and local time periods to take orderly power consumption measures for high-energy-consuming and high-polluting enterprises, the orderly electricity consumption scale of the entire network is close to zero
.
PVC price increase or related to the basic end of national power rationing, power rationing greatly affects PVC and downstream product output, market demand is significantly weakened, after the end of power rationing, downstream enterprise operating rate rises, profits have been restored to a certain extent, taking goods has become gradually positive, PVC prices began to fluctuate
upward.