PVC runs strongly, and the probability of short-term rebound is large

Futures rebounded slightly, the domestic PVC market improved slightly, the domestic PVC market partially tested a small increase, the market low price decreased, but the downstream mentality is cautious, although the inquiry has increased, but the market transaction is tepid
.
Prices fluctuate little in various places, merchants maintain wait-and-see, transactions have not changed much, and downstream maintains rigid demand
.

At present, the mainstream quotation of ethylene material is about 7300-7400 yuan / ton, and the mainstream quotation of type 5 calcium carbide is about 6900-7200 yuan / ton, and the real transaction can be negotiated
.
The prices of some upstream calcium carbide purchasing manufacturers continued to decrease, PVC maintenance was more, and calcium carbide was oversupply
.

Comprehensive forecast, today's market trend is stable
.
Merchants are cautious, the overall transaction of the market is general, the downstream just needs to purchase, the enthusiasm for inquiry is not high, and the real transaction negotiation is the mainstay
.
It is expected that the domestic PVC market will be narrowly sorted out
in the short term.

The East China market has not changed much
.
The mainstream self-pickup quotation is 6600-6670 yuan / ton, Changzhou area tentatively rose slightly, the actual transaction is not much, the transaction is general, the mainstream of type 5 calcium carbide is 6620-6680 yuan / ton self-pickup
.
The Hangzhou market is low and the price is reduced, the transaction is general, and the mainstream self-pickup price of type 5 is 6600-6680 yuan / ton
.
South China market atmosphere improved, the price was 6600-6650 yuan / ton self-pickup, Guangzhou PVC market low price decreased, inquiry increased, low price decreased, the overall transaction was general, downstream demand was not good, the transaction was tepid, the mainstream of ordinary type 5 calcium carbide was 6600-6650 yuan / ton
.

Shandong mainstream 6610-6650 yuan / ton delivered, Qilu Chemical City market down, Qilu petrochemical 1000 type factory reported about 6850 yuan / ton, 700 type 7 factory report 7000 yuan / ton
.
North China fell in a narrow range, of which, the Hebei market did not change much, downstream on-demand procurement, price fluctuations were not large, and the mainstream of type 5 was delivered to 6530-6590 yuan / ton including tax
.
The northwest region is weakly downward, the 5-type calcium carbide acceptance factory reported 6450-6500 yuan / ton, the southwest region slightly down, the 5-type spot exchange factory reported 6850-7000 yuan / ton
.

Inventory and start-up, October 19 domestic PVC market prices fell, East China point price source shipments are acceptable, South China has a certain return phenomenon, so social inventory slightly declined, data show that East China and South China major warehouse inventory fell 4.
49% month-on-month, 8.
11%
lower than the same period last year.

On October 18, Zhuochuang statistics PVC production enterprises started 83.
21% as a whole, up 1.
7% from the previous month; Among them, the operating rate of calcium carbide method was 83.
01%, an increase of 2.
59% from the previous month; The ethylene operating rate was 84.
82%, down 2.
71%
from the previous month.

On the whole, October is still in the traditional peak season, the northern demand has not yet significantly contracted, after the previous sharp correction, the short-term rebound probability is large
.
It is expected that the PVC futures price will be dominated by short-term strong operation, with an operating range of 6400-6500
.
FYI
.