PVC futures prices are weak and the market has a strong wait-and-see atmosphere

Spot and enterprise dynamics: as of 8.
16 East China (calcium carbide method) quotation: 6560 yuan / ton (0); South China (calcium carbide method) quotation: 6640 yuan / ton (-10); Xinjiang Zhongtai Chemical PVC plant Fukang plant started construction of about 50%, other plants slightly adjusted, currently maintain pre-sales, mainly issuing pre-orders, no quotation today; Xinjiang Tianye PVC Tianchen factory started 5-60%, and other factories started normally
.
The company maintained pre-sale, and the East China 5 type acceptance self-quotation was 6600 yuan / ton
.

Upstream production profit: as of 8.
16, the northwest chlor-alkali profit was 852 yuan / ton, down 40 yuan / ton
from the previous day.
Shandong chlor-alkali profit -123.
88 yuan / ton, down 269 yuan / ton
from the previous day.

Basis: As of 8.
16, South China basis +129; East China basis +49; basis slightly weakened
.
Upstream raw materials: as of 8.
16, North China calcium carbide quotation was 4500 yuan / ton, down 40 yuan / ton from yesterday's price; Shaanxi Lanchar quoted 1286 yuan / ton, 36 yuan / ton
higher than yesterday.

As of 8.
16, PVC futures prices are running
weakly.
Spot supply is still loose, downstream procurement enthusiasm is low, bargain replenishment, wait-and-see atmosphere is strong, and the overall trading is average
.
From the perspective of demand, the situation has not improved, PVC supply and demand is still weak, and the overall market news is calm
.

Judging from the national economic data in July, the national economy continued to recover in July, but the risk of external economic inflation increased, and the foundation for domestic economic recovery was not yet solid; From the perspective of PVC fundamentals, inventories remain high, the demand side is still weak, coupled with repeated epidemic conditions, PVC short-term surplus situation, weak prices
.
Stay on the sidelines
.