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石家莊煜英新材料科技有限公司
SHIJIAZHUANG YUYING NEW MATERIAL TECHNOLOGY CO. LTD

0311-89299985

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PVC: After the Spring Festival, the market supply of PVC has steadily increased.

time:
2019-05-10


Return after the festival, the PVC market is light, affected by the rise in futures, some business quotations followed higher, but most businesses have not yet returned to the market, traders quote little, wait-and-see mainly. The downstream has not yet started, there are few market inquiries and limited turnover.

During the Spring Festival, local transactions declined significantly and the market was closed. Due to the influence of the Spring Festival holiday, the downstream has not started yet, but the equipment of PVC production enterprises still maintains a high load operation, and the social inventory also shows a small growth trend. Since the beginning of February, the inventory of PVC enterprises has been on the rise. According to monitoring, the inventory of East and South China market will increase significantly. It is expected that the total inventory of East and South China will increase by about 3% and the inventory of PVC enterprises will increase by about 5%.


Market supply is rising steadily. From the data of previous years, affected by the market off-season factors, most of the year during the Spring Festival, PVC enterprises started to maintain high-load operation. The range of start-up before 16-19 is between 0.57% and 1.36% after the Spring Festival. From 2018, the start-up after the Spring Festival shows an upward trend, mainly due to fewer overhauls in winter, and the PVC production enterprises also have signs of preparing inventory in March-April, superimposing nearly two-year profits. With the recovery of profit, the production of PVC enterprises has kept steady and increased, and the market demand is relatively stable. Affected by the Chinese Spring Festival and Singapore's public holidays, the Asian market maintained stable prices during the Spring Festival. CFR China was $900/ton, CFR Southeast Asia was $900/ton, and CFR India was $955/ton.



Average Start-up Rate of PVC Enterprises in 2017-2019

The price of raw material calcium carbide has been rising regionally in recent years, mainly affected by the accident of Yulin Coal Mine in Shaanxi Province. In some areas, coal mines have been shut down and rectified, and the price of blue carbon has risen, which leads to the cost of calcium carbide rising. Before the Spring Festival, PVC enterprises began to stock up, and the inventory of calcium carbide enterprises showed a downward trend. At present, the supply and demand of calcium carbide are basically stable, and the supply of PVC enterprises is relatively sufficient. PVC downstream products enterprises are slowly resumed due to the holiday, especially the late start of the real estate industry. Domestic real estate is expected to gradually recover after January 15.

Generally speaking, the current market is in a state of more supply and less demand, the downstream construction is relatively slow, and in the off-season demand, as well as weather, transportation and other factors, the market of PVC after the festival will show a downward trend of shocks, and participants are advised to operate cautiously.

Shijiazhuang yuying new material technology co. LTD/

Changchun yinghan new material technology co. LTD

Yinghan link exchangehttp://www.ccyinghan.com

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