The fundamentals are gradually weakening PVC short-term or narrow adjustment

Recently, the central bank's interest rate cut was positive, coupled with crude oil and coal, PVC futures rebounded, boosting the spot market to rise sharply, reducing the supply of low-priced goods, and shifting the center of gravity
.
The Spring Festival is approaching, downstream enterprises have entered the holiday mode, the purchase volume has decreased, PVC has entered the regular accumulation stage, the supply and demand side has gradually weakened, and PVC has continued to have insufficient upward momentum and entered the finishing stage
.

In terms of calcium carbide, on Friday, the calcium carbide reference price was 4400.
00, compared with January 1 (4616.
67), a decrease of 4.
69%, and in late January, the calcium carbide market or a slight shock decline
.
The price of raw material blue charcoal rose slightly, the cost of calcium carbide was well supported, but the increase was not large, mainly sorted, the downstream PVC market fell slightly, the market was difficult to improve, and the downstream demand weakened
.
The future market predicts that calcium carbide prices in the northwest region in late January may fluctuate slightly
.

International crude oil, on Friday, international crude oil prices closed slightly lower
.
The main contract of U.
S.
WTI crude oil futures settled at $85.
14 per barrel, down $0.
41 or 0.
5%, and the main contract for Brent crude futures settled at $87.
89 per barrel, down $0.
49 or 0.
6%.

Oil prices continued to decline slightly, mainly due to the negative impact of rising inventories of U.
S.
crude and refined products, but expectations of tight supply remained unchanged, limiting the decline
in oil prices.

On the whole, the Spring Festival is approaching, capacity is limited, downstream enterprises have entered the holiday mode, demand has decreased, PVC fundamentals are gradually weakened, and it is expected to be mainly adjusted in a narrow range in the short term
.