PVC rushes back down and the upper pressure gradually appears

At present, domestic PVC enterprises are stable and small, the pressure of production and sales of enterprises is still not large, pre-sales are acceptable, and enterprises temporarily stabilize prices and wait and see
.
Up to now, the mainstream quotation of calcium carbide 5 type material in the northwest region is 6200-6400 yuan / ton acceptance, and the mainstream in Shandong is 6600-6700 yuan / ton spot exchange
.
Spot prices are expected to remain stable
.

Regarding the spring maintenance plan, after the Spring Festival in 2017, due to the relatively good profit level, the maintenance of PVC enterprises was postponed, mostly concentrated in
April.
In 2018, it is understood that no enterprises have maintenance plans in March, and only Shaanxi Beiyuan (1.
1 million tons/year) is scheduled to be overhauled for two weeks
in April.
Therefore, the supply side will still maintain supply pressure in the future, and there will be no supply crunch until at least April
.

According to Longzhong information data, on February 12, East China social inventory was 169,000 tons, South China social inventory was 75,000 tons, February 22, East China about 25-280,000 tons, South China 100,000 tons
.
Inventories in East China increased by more than 30%, while inventories in South China, which performed better downstream, also increased by 20%.

Overall, the inventory data is not favorable, under the pattern of strong supply and weakness, there is still an expectation of accumulation of inventory in the short term, but what we need to pay attention to in the future is the digestion speed
of inventory.