PVC futures fell unchanged and the center of gravity continued to fall

In terms of supply, there are not many new maintenance enterprises, the number of enterprises that have continued some maintenance is large, the maintenance loss has increased slightly, and the operating load of the PVC industry has decreased slightly to 76.
94%.

There are still a small number of maintenance plans in the later stage, and it is expected that the fluctuation of PVC operating rate will not be large, and the supply of goods will be relatively stable
.
From the perspective of terminal demand, the domestic real estate data in May did not improve significantly, and the cumulative area of domestic housing completions in May decreased by 15.
3% year-on-year, and the downstream performance was still weak
.

Due to the poor demand side of calcium carbide, the short-term supply and demand relationship is weak, and the cost side is weak and
stable.
In contrast, PVC manufacturers have fair profits
.
The recent signing of orders by enterprises in the main producing areas of Northwest China is general, and the ex-factory quotation has been adjusted
downward.
Affected by the mentality of buying up rather than buying down, downstream product factories keep raw material inventories at a low level, mainly need to replenish stock, and the actual transaction of spot goods is not good
.
Traders' intention to arrange goods has increased, although the price reduction has made profits, but the actual amount is difficult to increase, and the market is not enough
to buy gas.

On the whole, it should be noted that the upstream raw materials blue charcoal and calcium carbide both lose money to V, and the macro data margin in May will improve, and macro stimulus policies will still be launched
irregularly.
In the case of clear fundamentals, pay attention to the trend within a wide range of oscillations and grasp the changes
in market sentiment and rhythm.