PVC futures have not changed strongly and continue to break upwards

Since the beginning of this year, the domestic macro economy has continued to recover, and under the background of the rise in the commodity market, the rise of PVC futures is the general trend
.
PVC fundamentals are strong, its own supply and demand pattern is in a weak balance, favorable theme belt, it is easier to achieve rise
.

The rise in PVC futures prices is mainly led by the supply side, rather than driven by the improvement of demand
.
Starting from the upstream of the industrial chain, the raw material calcium carbide is unstable, the tight supply has led to a significant increase in the price of calcium carbide, and the cost of PVC production has increased
significantly.
Under cost pressure, production enterprises are mainly offered at prices due to lack of inventory pressure
.
The operating load of PVC units has declined, partly due to insufficient raw materials and load reduction
.
There are not many circulating sources in the spot market as a whole, which promotes the phenomenon
of tight prices of goods.

The high price pressure is transmitted downward, and the spot price of PVC continues to rise, resulting in downstream production profits being significantly squeezed, and downstream small and medium-sized enterprises reducing load or stopping more obviously
.
Although the price of downstream products has been raised, it is still difficult to make up for the loss, and the product factory maintains production
in order to maintain orders.
Although it is the traditional peak demand season, the downstream basically maintains strict demand
.
Traders' quotations followed the upward adjustment, the market was difficult to find low-priced goods, and the spot market was in a state
of premium for most of the time.
The export window is still open, orders are acceptable, and the export volume may increase
in September and October.
The accumulation of social inventory in East and South China is slow and fluctuates
at a low level.

PVC futures prices are rising, the current market is still favorable, the cost side is difficult to fall, the spot market supply is tight, and export orders are
boosted.
A sharp rise in global energy prices, especially international oil prices, will boost chemicals
.
Entering October, PVC futures are likely to maintain their rally
.