The PVC market rebounded after falling

In this issue (October 27 ~ November 2), international oil prices rebounded, domestic futures fell first and then rose, the plastic market was under pressure, spot quotations were lower, but as futures rose, spot quotations rose slightly, downstream enterprises were mainly based on just need to purchase, and the transaction was general
.
The market performance of the Guangdong Plastics Exchange in this issue was calm, and the overall transaction was average
.
As of the close, the China Plastics Price Index on the Plastics Exchange was at 1025.
78 points
.

From the perspective of major products, the polyvinyl chloride (PVC) market rebounded
after falling.
The continuous decline in futures intensified the bearish mentality of the market, and spot quotations fell sharply, with the lowest price falling to around
5650 yuan / ton.
However, as futures closed up for two consecutive working days, some traders raised their quotations, downstream companies purchased appropriately, and the trading volume increased
.
As of the end of the period, the mainstream self-pickup price of type 5 ordinary calcium carbide in South China and East China was 5850~5950 yuan / ton, down about
100 yuan / ton from last week.

From the perspective of raw materials, calcium carbide prices have been continuously lowered in recent days, and PVC cost support has weakened
.
From a macro perspective, the production loss has led some companies to reduce the operating rate, and the PVC supply is expected to decrease
.
However, at present, social inventory remains high, export quotations have not changed much, export windows continue to close, and the overall supply of goods is sufficient
.

On the whole, although the fundamentals have improved, there is no bright spot in demand for the time being, and it is expected that the short-term PVC market may be dominated by range fluctuations, and the continuous upward momentum is lacking
.