Futures range volatility PVC market atmosphere is acceptable

On July 8, the spot price of PVC in East China was quoted at 6816.
67 yuan / ton, which was 304.
67 yuan / ton compared with the main price of futures (6512.
00 yuan / ton
).

There are not many maintenance plans in July, and we will pay attention to unplanned new maintenance; weakening of exports; The market rebounded yesterday and the transaction improved slightly; calcium carbide stabilized, PVC end loss, caustic soda profit is good but weakened, cost support is not strong, spot 6840, supply and demand continue to loose
in the later period.

In the spot market, PVC futures rebounded downward, and local spot trading improved
.
Recently, some production enterprises have reduced load, but the downstream product enterprises are still weak, the forward orders for products are small, the procurement enthusiasm is generally poor, and the wait-and-see intention is strong
.

International crude oil futures continued to operate weakly, and the energy and chemical sectors weakened under pressure
.
The comprehensive profit of chlor-alkali continues to narrow, and PVC manufacturers mainly in North China have recently reduced their load, accounting for a relatively limited proportion, and the overall supply is relatively stable
.

At present, the overall order receiving situation of upstream enterprises is general, foreign traders are cautious and wait-and-see, export new orders are weaker month-on-month, while downstream product enterprises need to replenish goods at low prices, product forward orders are small, demand is still weak, chasing sentiment is not obvious for the time being, and the wait-and-see intention is strong
.

The fundamentals are still relatively weak, and the macro level is still in the context of the Fed's interest rate hike, resulting in the relatively weak performance of PVC futures rebound, and participants are advised to be cautious and wait-and-see
.