PVC market demand is weak, and the market fell slightly in the short term

June is the off-season for PVC, the market demand is weak, and the actual transaction is not good
.
Manufacturers and traders have accumulated obvious stocks, market confidence is insufficient, trading is light, and replenishment is the mainstay
.
It is expected that the PVC market will decline
slightly in the short term.

Recently, the downstream of PVC has been greatly affected by the epidemic, and the control in Shanghai is gradually lifted, but the terminal demand is insufficient, and the downstream construction is still further declining
.
Demand in India and Southeast Asia has weakened recently, ocean freight rates have remained high, and export demand margins have weakened
.

As of June 26, the cumulative number of commercial housing transactions in 30 large and medium-sized cities in June was -19.
05% year-on-year and 64.
56%
month-on-month.
Although the policy side continues to make efforts, and some high-frequency data of real estate transactions have also shown obvious signs of improvement, the current focus of local governments is more focused on the transaction end, and its structure and foundation are still unstable
in terms of the whole process of real estate development.
The corresponding commodities still have the possibility
of inertia downward.

As far as the current situation is concerned, the fundamental contradictions of PVC have not eased, although the commodity sentiment on Friday night has stabilized, due to the short-term decline is too large, or there is some collective technical recovery, but the fundamentals of PVC still do not support its strong upside
.