PVC demand is expected to improve and there is still some support for prices

Warehouse orders, PVC warehouse receipts held steady to 14233 on Wednesday, and the number of warehouse receipts was at a high level recently, which had a bearish impact on the market
.

On the supply side, last week, the domestic PVC operating rate increased by 0.
21% to 77.
84%, and the output increased by 0.
10 million tons to 427,300 tons; on the demand side, the downstream operating rate of domestic PVC fell last week, and the operating rate of profile enterprises in Longzhong sample enterprises is currently mostly 0-20%, and the downstream has started work after the Spring Festival, and PVC demand is expected to improve
.

In terms of inventory, last week's domestic PVC social inventory was 190,100 tons, an increase of 8.
38% month-on-month, and the current PVC social inventory rose month-on-month, with little year-on-year change, and the price support weakened
.

In terms of cost, the price of PVC raw materials remained stable to decline last week, and as of last Friday, the production cost of calcium carbide method (including chlorine cost) was 8566 yuan / ton, down 1.
31% from the previous month; The production cost of the ethylene process was about 8800 yuan / ton, which remained stable
from the previous month.
The short-term PVC cost change decreased slightly, which still partially supported
the price.