Strong cost support PVC futures prices rose slightly

On the cost side, crude oil prices fluctuated
at a high level.
The operating rate of PE enterprises was 80.
49%, down 4.
34%, and the new Yanshan Petrochemical, Fushun Petrochemical, Maoming Petrochemical and other equipment were shut down for maintenance, and CNPC, Haiguolong Oil and Lanzhou Petrochemical and other equipment resumed production and started, with a shutdown capacity of 2.
965 million tons per year, and the impact of maintenance was at a high level
.
The two oil stocks were 910,000 tons, up 90,000 tons
from last week.

Last week's PE downstream operating rate recovered slightly from last week, but the second quarter is expected
to be off-season.
L2205 is strongly oscillating, closing at 9202, and is dominated
by recent or oscillations.
The operating rate of polypropylene supply side was 78.
09%, down 0.
72%, new Yanshan Petrochemical, CSPC and Yangzi Petrochemical and other equipment maintenance, Zhongke Refining and Zhejiang Petrochemical and other plants resumed production and started, the shutdown capacity was 4.
36 million tons / year, and the newly put into operation Zhenhai Refining and Chemical third-line plant officially mass-produced pellets
this week.
Downstream demand is relatively stable, and infrastructure construction is expected to be carried out
in the future.
PP2205 is strongly oscillating, closing at 9100, and is dominated
by recent or oscillations.

In the short term, the strong trend of crude oil provides a strong cost support for PVC, or there is still room
to rise.
However, the spot market has risen or weakened in the case of sluggish terminal demand
.