PVC prices remained stable and spot trading was tepid

Domestic favorable policies frequently and market sentiment improved, and the industrial products sector remained relatively firm
.
International crude oil futures fluctuated strongly, and the energy and chemical sectors performed
strongly.
At present, the market is still in the favorable environment of digesting policies, and the enthusiasm of funds to chase industrial products is relatively strong, but in terms of PVC fundamentals, exports are closed by the sharp rise in domestic spots, and although demand is expected to further improve, the current follow-up is general
.
And terminal demand or due to poor real estate data in the short term is difficult to see a significant improvement, the current capital continues to promote PVC futures to maintain a strong trend, it is recommended that participants wait and see, pay attention to social inventory changes
.

Overseas, the Asian market rebounded slightly by $10/ton, the export window to India was basically closed, it is reported that the recent decline in domestic exports, as demand in the northern hemisphere weakened, European and American prices fell by $120, and Asian prices fell by $
50 in July.

Overall, the off-season is coming, real estate easing still needs time to transmit, domestic demand remains sluggish, exports weaken, and PVC is expected to continue to be weak
.
Domestic commodity futures closed mixed, with the agricultural sector weak and the industrial sector relatively strong
.
Technically, the PVC2209 contract daily level RSI indicator has signs of overbought, the futures rebound has stabilized by the pressure of the 8800 line, the macro atmosphere is strong, but the demand-side starting load has not seen significant improvement, and the upward pressure on futures is also large, it is recommended that participants pay attention to the 8800 line pressure
.