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Recently, PVC futures showed a trend of rushing back down, and the main one who returned after the holiday broke through the previous high, reaching a new high of 9529, a new high in the year, but failed to stabilize, and the center of gravity was adjusted
at a high level.
With the weakening of futures and the lack of confidence of market participants, the domestic PVC spot market sentiment cooled
.
On the supply side, calcium carbide shipments are acceptable, and PVC starts at a relatively high level
.
The start of calcium carbide is stable and the overall supply is sufficient, and the circulation of calcium carbide supply is slow due to transportation obstacles
.
The overall start of PVC has maintained a relatively high level, and the recent orders received by enterprises are general, and there is no obvious sales pressure
for the time being.
On the demand side, downstream demand has slowed
down due to the impact of the epidemic.
The recent downstream start is still low, some products enterprises have fewer new orders, most of them maintain just need to purchase, this week the domestic PVC market price fell to release some downstream demand, the transaction slightly improved, but it is expected that domestic demand recovery still takes some time
.
In terms of inventory, downstream demand followed slowly, and social inventories in East and South China fell narrowly, shrinking to 328,800 tons, but still 3.
27%
higher than the same period last year.
After the inflection point of PVC social inventory, the second quarter is generally in the stage of continuous destocking, although there is an expectation of recovery in demand, and the current operator is cautious, PVC futures price upward momentum is insufficient, short-term high shock washing, pay attention to the support
near the 9000 mark below.
