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In the last trading day, PVC increased its position to close slightly higher, and the night trading fluctuated in a narrow range, closing at 8535 points; PVC powder exports in May were 216,200 tons, down 12.
48% from April, mainly due to the recovery of production capacity in the United States and the impact of the epidemic in India, it is expected that PVC powder exports will continue to decline in June, and fall back to the normal range in the third quarter; The domestic operating rate last week fell slightly month-on-month, with little impact
.
In mid-June, the Fed released its FOMC monetary policy meeting decision and released its latest quarterly economic, inflation, and unemployment forecasts, as well as a dot plot
of Fed officials' expectations for future rate hikes.
There are market expectations
for the Fed's balance sheet reduction and monetary policy tightening.
Domestically, economic activity has basically recovered to the level before the epidemic, while PPI and CPI are in a scissor gap pattern, and the market expects monetary policy to gradually return to normal, and manage inflation expectations through appropriate monetary policy to alleviate the contradiction
between PPI and CPI scissor difference.
Under the expectation of tightening liquidity, there is a certain impact
on commodity pricing.
The current supply and demand of the PVC market is in a weak balance pattern, and in the next month, PVC supply increases and decreases, and supply and demand are expected to weaken, which does not rule out a phased shift from supply and demand balance to oversupply
.
The profit distribution of PVC industry chain is uneven, and the production profit of production enterprises is strongly driven, while most of the downstream products are in a loss pattern, and the production enthusiasm is not high
.
On the whole, supply and demand are expected to weaken, and liquidity is expected to tighten, and PVC in the future market will be dominated
by weak finishing.