PVC futures prices rebounded sharply to focus on improving demand

On the supply side, the short-term supply side is loose
.
The demand for calcium carbide continues to be poor, PVC maintenance or load reduction enterprises have not yet recovered, and the short-term calcium carbide market is difficult to improve
.
Some PVC production enterprises have started to decline, although the social inventory has been slightly destocked but continues to be high, and the overall PVC supply is still relatively abundant
.

On the demand side, downstream demand improvement is limited
.
Recently, the local start of PVC downstream products enterprises has improved slightly, but the spot transaction is more general, although the traders have slightly improved their shipments, but most of them are based on the source of forward pre-sales, and it is expected that the short-term market just needs to improve the degree of improvement
.
August is approaching the traditional seasonal peak season, pay attention to the "Golden Nine Silver Ten" replenishment demand
.

In terms of inventory, midstream inventories deteriorated
slightly.
PVC supply production continued to decline this week, downstream demand was just stable, local transactions in East and South China improved, and inventories fell
slightly.

Overall, the overall supply and demand fundamentals in August under the high level of short-term inventory are still weak, and many departments issued documents again on Friday night to ensure the delivery of buildings, and the absolute price of 01 was lower under policy expectations, and there was a rebound in Friday night, and the early empty allocation could be moderately reduced, paying attention to this week's transaction, such as limited demand improvement, and the rebound height is expected to be limited
.
In the long term, on the one hand, we look at the regular seasonal peak season, and on the other hand, we look at the upstream production
reduction.