The PVC market first rose and then declined

Recently, international crude oil prices have risen continuously and then pulled back
.
Domestic futures first rose and then declined, and the plastic spot market fluctuated
with futures.
Downstream enterprises mainly purchase at low prices, and the transaction is average
.
In this issue (September 29 ~ October 12), the market of Guangdong Plastics Exchange pulled back slightly, and the overall transaction was flat
.
As of the close, the China Plastics Price Index on the plastic exchange was 1061.
74 points
.

From the perspective of the main varieties, the polyvinyl chloride (PVC) market first rose and then declined
.
PVC production rose steadily during the National Day period, but there was not much follow-up in transactions, resulting in a rise
in social inventories.
After the holiday, traders pulled up quotations to make the downstream mentality somewhat resistant
.
As of the end of the period, the mainstream self-pickup price of Type 5 ordinary calcium carbide in the South China and East China markets was 6350~6450 yuan / ton
.

Recently, PVC production areas Xinjiang and Inner Mongolia have been affected by the epidemic, logistics and transportation have slowed down, and some shipments have been delayed, which has supported the market mentality
to a certain extent.
In addition, the recent increase in calcium carbide prices has led to an increase
in the cost of PVC production.
At present, the downstream performance is not strong, the social inventory is stable and rising, the PVC production equipment has been overhauled one after another, and the increased supply pressure has limited the upward momentum
of PVC.

Overall, medium-term demand will show a gradual downward trend, and PVC fundamentals are difficult to improve
.
It is expected that the PVC market will continue to fluctuate in
the short term.