freeslotgamesnodeposit| PVC supply declines, demand stabilizes, inventory levels and raw material prices fluctuate

News summary

The supply of polyvinyl chloride has decreased, demand has steadily increased, and raw material costs have increased. Inventory pressure is small. It is expected that inventories will decrease after demand recovers, and the main PVC contract will fluctuate strongly in the short term.

Newsletter text

[The utilization rate of polyvinyl chloride production capacity shows a decline]. The latest data shows that the operating rate of polyvinyl chloride enterprises has dropped by 4.4% compared with the previous period.freeslotgamesnodeposit.79 percentage points, falling to 78freeslotgamesnodeposit.55%。Among them, calcium carbide method and ethylene methodfreeslotgamesnodepositThe operating rates appear separatelyfreeslotgamesnodepositThe decline was 5.99% and 1.29%, resulting in a 4.69% decrease in output.

[The performance of downstream demand has increased steadily]. In comparison, the operating rate of downstream enterprises has remained stable, and the production and sales rate has shown a significant increase of 12.89%, reaching 148%.

[Upstream inventories dropped slightly while social inventories remained unchanged], the inventories of upstream polyvinyl chloride companies were slightly reduced by 0.67%, while social inventories remained at 598,700 tons.

[Volatility of raw material prices], the market observed that the prices of thermal coal and calcium carbide increased slightly, with slight increases of 0.69% and 5.57% respectively, while the prices of naphtha and methanol fell by 2.03% and increased by 5.90% respectively.

[PVC Market Forecast] Although the current PVC market supply has not decreased significantly, downstream demand has gradually increased. The inventory level of upstream enterprises is lower than that of the same period last year. Although social inventories are high, the recovery in market demand is expected to drive inventories to decrease. Overall, PVC prices are expected to remain volatile and strong, and the basis will not become the focus of market attention in the short term. Investors can pay attention to the opportunities brought by demand growth and valuation restoration.