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Recently, the PVC market atmosphere is calm, futures volatility is strong, but fundamental expectations are weak, the mentality of industry chain participants is more cautious, and the spot performance is calm
.
Affected by the seasonal off-season, the operating load of downstream product enterprises remained low, most of them maintained rigid demand, and the price of the mainstream market did not change much
.
Last week, the operating rate of PVC production enterprises reported 75.
47%, down 2.
44% month-on-month and 5.
50% year-on-year; PVC production decreased by 3.
22% month-on-month and 3.
51%
year-on-year.
As calcium carbide cost prices fall, PVC companies' operating load expectations have rebounded slightly this week, and market supply is expected to increase
.
Last week, the start of PVC downstream products enterprises was basically stable
.
The production of plates and soft products is acceptable, and the start of hard products is weak
.
Terminal demand in the north is not good, product companies have limited new orders, and demand is expected to weaken
as the weather turns cold.
As of November 28, the domestic PVC social inventory was 154,700 tons, an increase of 8.
11% month-on-month and 109.
91% year-on-year, 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
.
Industry news, 1.
As of December 5, the domestic PVC social inventory was 153,900 tons, a decrease of 0.
52% from the previous month and an increase of 104.
38% year-on-year; Among them, East China was 121,900 tons, a decrease of 2.
25% month-on-month and a year-on-year increase of 118.
07%; South China was 32,000 tons, an increase of 6.
67% month-on-month and 64.
95%
year-on-year.
2.
The gross profit of PVC enterprises last week decreased compared with last week, PVC prices continued to fall, and the profit space of PVC enterprises was compressed
.
The gross profit of the calcium carbide method of the eastern enterprise was 294 yuan / ton, down 50.
51%
from last week.
The gross profit of ethylene method of ethylene mining enterprises was 100 yuan / ton, down 66.
67%
from last week.