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On Thursday, PVC main contract 2205 closed at 8124, down 0.
51%, the spot market continued to decline, PVC5 type domestic spot average price of 8540 yuan / ton, down 0.
35% from the previous day, enterprises fell by little, some companies held steady and wait-and-see, demand off-season, market trading is relatively flat, industry mentality is negative
.
In November 2021, domestic PVC production was 1.
7651 million tons, an increase of 3.
32% month-on-month, down 1.
21% from November last year, and the cumulative output from January to November was 20.
3353 million tons, an increase of 8.
23%
year-on-year.
Among them, the output of calcium carbide method in November was 1.
41 million tons, an increase of 4.
92% month-on-month, a year-on-year decrease of 7.
08%, and a cumulative increase of 4.
51% year-on-year; The ethylene process output was 355,100 tons, down 2.
60% month-on-month, up 31.
90% year-on-year, and cumulative increase by 27.
12%
year-on-year.
Last week, the operating rate of PVC production enterprises reported 75.
48%, an increase of 0.
01% month-on-month and a year-on-year decrease of 4.
60%; PVC production increased by 0.
26% month-on-month and decreased by 4.
79%
year-on-year.
With the decline in calcium carbide cost prices, PVC companies' operating load expectations have rebounded slightly this week, and market supply is expected to increase
.
Last week, the operating part of PVC downstream products enterprises still declined, and the start of hard product enterprises was poor
.
The downstream market is optimistic about the demand a few years ago, and the demand in the north continues to decline after the weather turns cold, and some Xinjiang and northeast enterprises enter the holiday ahead of schedule, and it is expected that demand will weaken
.
As of December 6, last week's domestic PVC social inventory was 153,900 tons, a decrease of 0.
52% month-on-month and a year-on-year increase of 104.
38%, and the current inventory has been higher than the level of the same period last year, indicating that the recovery of downstream demand is insufficient
.
The V2205 contract opens low and oscillating, indicating pressure on it and support
below.
Operationally, it is recommended that investors wait and see for the time being
.
