PVC runs strongly

In this period (December 8~14), European and American crude oil futures maintained a low level as a whole
.
Affected by the domestic epidemic control policy, the domestic macro view and multi-mentality have strengthened, driving the overall trend of commodities to improve, and the overall volatility of plastic futures in this period has risen
.
Downstream enterprises just need to purchase, and high-level transactions need to be followed
.
The Guangdong Plastics Exchange has a stable market and the overall transaction is average
.
As of the close, the China Plastics Price Index on the Plastics Exchange was at 1062.
25 points
.

From the perspective of major varieties, the polyvinyl chloride (PVC) market is running
strongly.
The trend of futures continued to rise, coupled with favorable factors such as the decline in PVC starts, the continuous degeneration of social inventory, the re-optimization of domestic epidemic prevention and control policies, the restoration of social order, and the acceleration of logistics and transportation, the overall quotation of traders in the spot market continued to rise
.
However, December is still under the demand off-season, terminal procurement is relatively flat, downstream just need to purchase, high-price procurement is insufficient
.
As of the end of the period, the mainstream self-pickup price of type 5 ordinary calcium carbide in South China and East China market was 6180~6250 yuan / ton
.

From the current PVC market, strong expectations and weak demand continue
.
With the optimization and implementation of epidemic prevention and control policies, consumption stimulus policies have been introduced in various places, which is expected to drive the gradual improvement of the economy, promote terminal consumption, and enhance the market's confidence in the medium and long-term economic trend
.
However, from the perspective of PVC, upstream enterprises are affected by the expansion of liquid chlorine inversion, the loss surface increases, and the operating rate
of enterprises is reduced.
At the same time, social inventories continue to decline and the supply side improves
.
The number of exports has increased
recently.
However, the demand of the domestic downstream industry, especially the real estate industry, still has little change, and due to factors such as the off-season of production and the early Spring Festival, just-demand procurement is still the mainstream
.
It is expected that in the short term, the PVC market still needs more favorable factors to guide
.