PVC pullback after rising

In this issue (November 3~9), the international crude oil price pulled back slightly, the domestic futures rebounded at a low level and entered a finishing state, the plastic market fluctuated with futures, and the spot quotation rose after sorting
.
Downstream enterprises are mainly based on just-needed procurement, and the transaction is general
.
The market performance of Guangdong Plastics Exchange in this issue is weak, and the overall transaction is average
.
As of the close, the China Plastics Price Index on the plastic exchange was 1007.
79 points
.

From the perspective of major products, polyvinyl chloride (PVC) rose and then retreated
.
Futures continued to rebound at a low level, superimposed by upstream manufacturers to reduce negative production, the supply side showed an improvement, and traders continued to raise market quotations
.
With the sharp rise in prices, the resistance of downstream enterprises has intensified, and the overall transaction situation is average
.
As of the end of the period, the mainstream self-pickup price of type 5 ordinary calcium carbide in South China and East China was 5950~6050 yuan / ton, down about
100 yuan / ton from last week.

From the perspective of raw materials, the prices of upstream raw materials blue charcoal and calcium carbide remain high, and PVC manufacturers have fallen into a loss stage
.
This directly caused some enterprises to reduce the operating rate, and the overall operating rate of domestic chlor-alkali enterprises is currently about 70%, and it is not ruled out that more companies will join the load reduction or maintenance plan
.

On the whole, PVC social inventory continues to be high, but downstream enterprises have entered the off-season of production, and the demand trend is weak
.
Therefore, the subsequent market support factors come more from the supply side, and it is recommended to continue to pay attention to the start of
enterprises.