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Export Stable Destocking
Export Stable DestockingRecently, the domestic PVC market fluctuated upwards
.
Recently, the domestic PVC market fluctuated upwards
.
"The PVC plant is expected to be overhauled in a centralized manner, the downstream demand is gradually recovering, the overall domestic fundamentals are strong, and the export market is stable, it is expected that the short-term PVC price will fluctuate at a high level of 8400-8800 yuan
.
cost underpinning cost underpinning support
"The recent rise in the domestic PVC market is mainly driven by the raw material calcium carbide
.
"The recent rise in the domestic PVC market is mainly driven by the raw material calcium carbide
.
However, the main cost of calcium carbide is relatively fixed
.
Maintain the destocking trend Maintain the destocking trend
The second quarter is a period of intensive maintenance of domestic PVC plants.
Some companies have successively issued maintenance plans for April, and the PVC supply is expected to decrease
.
The second quarter is a period of intensive maintenance of domestic PVC plants.
"Most of China's PVC enterprises are located in the north.
According to the statistics of relevant departments, in April, the calcium carbide method PVC maintenance or planned maintenance devices include Shandong Xinfa (Phase II) 450,000 tons/year device, Hunan Hengyang Kingboard 220,000 tons/year device, Liaoning Hangjin Technology 60,000 tons/year Annual installation, Anhui Huasu 620,000 tons/year installation, Nannengtou Tianye plant 120,000 tons/year installation
.
"From the perspective of PVC demand, the current operating rate of downstream industries has increased, large-scale product enterprises have basically returned to normal levels, and small enterprises have generally started
operations.
Inventory is the most direct manifestation of the result of the game of supply and demand
.
The export market is stable The export market is stable
According to customs statistics, from January to February, China's PVC imports were 67,300 tons, a decrease of about 22,000 tons compared with the same period last year; PVC exports were 280,000 tons, an increase of 218,300 tons compared with the same period last year
.
Industry insiders believe that short-term international supply will remain tight, and domestic PVC will maintain a net export pattern
.
According to customs statistics, from January to February, China's PVC imports were 67,300 tons, a decrease of about 22,000 tons compared with the same period last year; PVC exports were 280,000 tons, an increase of 218,300 tons compared with the same period last year
.
Industry insiders believe that short-term international supply will remain tight, and domestic PVC will maintain a net export pattern
.
"After the Spring Festival, the power system in Texas was paralyzed by the extremely cold weather, and many chemical plants were shut down unexpectedly, involving more than 4 million tons of PVC production capacity
.
After the past month, 726,000 tons of production capacity plants have resumed operation, but The load is not high, the 1.
74 million tons capacity unit is ready to restart, and it is not yet clear when the stopped unit will restart
.
Judging from the current restart speed of the U.
S.
unit, it is expected that the shortage of PVC supply in the international market will continue until May
.
Export support still exists
.
" Yu Jiangzhong said
.
.
After the past month, 726,000 tons of production capacity plants have resumed operation, but The load is not high, the 1.
74 million tons capacity unit is ready to restart, and it is not yet clear when the stopped unit will restart
.
Judging from the current restart speed of the U.
S.
unit, it is expected that the shortage of PVC supply in the international market will continue until May
.
Export support still exists
.
" Yu Jiangzhong said
.
"At present, the April contract negotiations in the Asian PVC market have basically ended, and the market is relatively stable
.
Previously, the review policy of the Indian customs authority made Indian buyers hesitant to purchase PVC originating in China
.
The tightening of the review policy has caused the industry to worry that it will bring about a negative impact on the domestic PVC market.
However
, in the case of continued tight supply, the price of PVC may continue to rise by US$50 in May
.
” said Shi Lei, PVC director of Longzhong Information
.
.
Previously, the review policy of the Indian customs authority made Indian buyers hesitant to purchase PVC originating in China
.
The tightening of the review policy has caused the industry to worry that it will bring about a negative impact on the domestic PVC market.
However
, in the case of continued tight supply, the price of PVC may continue to rise by US$50 in May
.
” said Shi Lei, PVC director of Longzhong Information
.
