PVC spot market prices were higher overall

In terms of news, the number of new non-farm payrolls in the United States was less than expected, the dollar weakened, Russia's compliance rate of production cuts in May was close to 100%, and international oil prices hit a new high
for the year.
NYMEX crude oil futures 07 contract 69.
62 rose $0.
81 / barrel; ICE oil futures 08 contract 71.
89 rose $0.
58 per barrel
.
China's INE crude oil futures main contract 2107 fell 1.
7 to 443.
2 yuan / barrel, up 5.
8 to 449 yuan / barrel
in overnight trading.

At the end of last week, the domestic calcium carbide ex-factory price was raised, the mainstream ex-factory price in Wuhai was 4100 yuan / ton, and the current electricity in Inner Mongolia continued at an indefinite time limit, and the dual control of energy consumption in Ningxia continued to advance, aggravating the wait-and-see
.
It is expected that the market ex-factory price will be adjusted regionally, and the arrival of goods in the east and west will be uneven
.

Low inventory is still the core contradiction
of PVC at present.
Affected by the cancellation and maintenance of warehouse receipts in 05, the probability of inventory continuing to degrade in June is relatively large; However, due to the impact of exports to domestic sales in July, there is a certain uncertainty
in the trend of inventory.
However, because downstream inventories are too low, once the price falls significantly, it is easy to stimulate speculative demand
.
In addition, the impact of the dual-control policy is expanding, and recently Ningxia dual-control has begun to land, which means that calcium carbide is difficult to have a low price, and there is support
on the cost side.
On the whole, PVC lacks space for a sharp decline, and the general direction still maintains a view of more, but it is better
to wait for the market to return before intervening.