Short-term fundamentals under pressure PVC continues to run weakly

The center of gravity of the PVC spot market fell slightly during the day, and futures dipped in early trading, closing at 7,000 yuan / ton; The price of the upstream calcium carbide market is stable and declining, and the overall supply pressure in the market is relatively high; Due to the recent environmental protection impact of the northern weather and the power rationing policy in the south, the operating rate of downstream manufacturers has remained low, and it is difficult to increase demand and poor trading
.
The domestic mainstream price within the day, calcium carbide method price is 7100-7200 yuan / ton, ethylene method price is 7370-7640 yuan / ton
.

Hangzhou market quotation lowered, the mainstream is 7150-7370 yuan / ton; Changzhou PVC market quotation declined, calcium carbide five-type material brand quotation range of 7200-7400 yuan / ton; Guangzhou PVC market is under pressure, calcium carbide method 5 type spot reference quotation 7300-7450 yuan / ton spot exchange; The price of Hebei market has been reduced, and the mainstream quotation of 5 types of material in Hebei is 6950-7030 yuan / ton including tax; Linyi PVC market narrow adjustment, 5 type source delivery price reference 7150-7200 yuan / ton or so
.

In summary, due to the recent continuous cold wave, environmental protection and the impact of the epidemic on the demand side is higher than that on the supply side, compared with the sluggish demand, the overall supply is loose, which puts pressure on short-term fundamentals, and it is expected that the PVC market will continue to operate weakly in the short term
.