Cost support or weakening PVC will continue the weak pattern

In terms of the market, on February 17, the domestic PVC market fell slightly, with the domestic average price of 8830 yuan / ton, down 0.
23% from the previous trading day and up 20.
14%
year-on-year.

In terms of fundamentals, the PVC market atmosphere is flat, futures have fallen significantly, spot has fallen, and low-price trading is active
.
Upstream starts have increased, downstream operating rates have recovered generally, inventories have increased seasonally, and PVC fundamentals are still weak
.

As of February 17, the weekly data showed that the overall operating load of PVC was 80.
49%, an increase of 1.
89 percentage points from the previous month; of which the calcium carbide PVC operating load was 82.
98%, an increase of 0.
55 percentage points
from the previous month.
Type 5 calcium carbide, East China mainstream spot exchange self-pickup 8500-8620 yuan / ton, South China mainstream spot exchange self-pickup 8520-8620 yuan / ton, Hebei current remittance 8550-8620 yuan / ton, Shandong cash remittance 8600-8700 yuan / ton
.

At present, the supply of PVC is stable and significantly increased, and downstream demand is also expected to grow, but the increase is relatively limited, social inventory has rebounded significantly, cost support may weaken, and PVC is expected to continue to be weak.