The PVC market maintained weak volatility and insufficient upward momentum

On the cost side, the recent price of blue charcoal continued to be high and the price of calcium carbide continued to fall, resulting in the tightening of the profit margin of enterprise production, so the operating load of some calcium carbide enterprises has declined, but because the sales volume of supporting calcium carbide in some areas has been increasing, so in the situation of the decline in the operating load of calcium carbide enterprises, the overall supply pressure of calcium carbide market has not been reduced, but the continuous accumulation of inventory of individual calcium carbide enterprises is also one of the important factors causing the decline in operating load.
At present, the overall supply of calcium carbide market is obvious, and it is expected that the calcium carbide market will maintain weak operation in the short term

Fundamentals, the recent PVC market price fell sharply, with the reduction of maintenance manufacturers, the source of spot market gradually increased, even if PVC manufacturers concentrated maintenance, spot production is less, PVC market is still long-term shock weak, to the supply side after recovery, the market will still be weak operation, under the influence of the decline in futures, the market trading significantly declined, the market is more wait-and-see-based.

PVC downstream demand has entered the traditional off-season, the south ushered in the rainy season, some parts of the north are in the wheat harvest season, the downstream demand for real estate and infrastructure is light, PVC hard products orders are limited, the operating rate of terminal plastic manufacturers is also maintained at a low level, and the demand side will remain weak in the short term; As of June 24, the mainstream quotation of Type 5 in Guangzhou was 7650-7750 yuan / ton, and the mainstream quotation of Type 5 in Hangzhou was 7500-7600 yuan / ton; The mainstream quotation of five types in Shandong is 7500-7600 yuan / ton
.

On the whole, due to the long-term downward trend of PVC, the trading in the market is not good, and the inventory of manufacturers and society continues to increase
.
The south is in the rainy season, the north is in the wheat harvest season, real estate and infrastructure demand is still weak, and there is no obvious benefit in the short term, long-term weak demand is still one of the main factors affecting the downward trend of PVC market shocks; Therefore, it is expected that in the short term, the PVC market price may remain weak and volatile, and the upward momentum is insufficient
.