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PVC futures continued to decline, the resistance at the upper five-day moving average was obvious, as the bears increased their positions, the market fell again, fell below the 7000 integer mark, the lowest touched 6932, constantly refreshing the year's low, recorded four consecutive negatives
.
Futures are weak and difficult to change, market participants lack confidence, and wait-and-see sentiment is strong
.
Raw material calcium carbide is mixed, the purchase price of calcium carbide in North China and Northeast China is partially reduced, and the ex-factory price of Wuhai, Ningxia and other places has increased by 50 yuan / ton, and the cost side lacks support
.
The atmosphere of the domestic PVC spot market is cold, the mainstream prices in various regions have fluctuated and fallen, and the source of low-price goods is increasing
.
Compared with futures, the PVC spot market maintains a premium state, and there is an advantage
in the supply of point prices.
There is a certain resistance to the shipment of enterprises in the main producing areas of Northwest China, the quotation reduction is obvious, the manufacturer guarantees that the shipment is the mainstay, and the sales pressure of the enterprise is obvious
.
There are not many new PVC maintenance enterprises, and some enterprises in the early maintenance continue to stop the state, and the overall start of the industry has increased slightly to 76.
07%.
In July, the maintenance of enterprises was further reduced, and the start of construction or continued to recover
in a narrow range.
In June, the maintenance of the plant was more concentrated, and the PVC output was 1.
8126 million tons, down 6.
94% from the previous month, and the output will rebound in July, and the overall pressure on PVC supply is not large
.
However, the downstream demand side followed up slowly, dragging down the trend
of PVC.
Downstream product factories have insufficient orders, production is not active, and the start of work has declined
.
Some downstream starts in the high temperature and rainy season are subject to certain restrictions, and the release of demand in the short term is limited, which is difficult to form a boost
.
PVC exports are acceptable, maintained at more than 200,000 tons, export order delivery occupies part of the domestic supply, foreign trade performance is slightly better than domestic demand
.
Social stocks in East and South China continued to accumulate, exceeding 340,000 tons
.
The supply side is stable, the demand follow-up is weak, the supply and demand side is weak, market confidence has not yet recovered, PVC is in the stage of shock bottoming, short-term or around the 7000 mark washing
.
