PVC rise lacks driving and downside space is also limited

From a fundamental point of view, the main problem is still the high valuation of production enterprises and downstream demand is still poor, the demand under the influence of the epidemic is further weak, the real estate start stage peak season has not improved significantly, it is reported that some downstream product enterprises have high finished product inventory
.
The short-term "dynamic cleanup" policy has caused the market to worry about the demand for the future, but the annual 5.
5% target is still firm, and there is still an expectation of policy stimulation in the second half of the year, and the general direction is still more ideas, it is recommended to wait and see in the short term, or light position layout long orders
.
Pay attention to the epidemic and the marginal improvement signal
of demand.

At present, the high level of international energy prices has raised the production cost of overseas ethylene plants, the quotations in Europe and the United States have remained high, the quotations in Asia have recently stabilized, the domestic spot has weakened sharply, the export advantage has increased, and from mid-to-late May to June, upstream enterprises concentrated maintenance supply stock is expected to decline, futures weak adjustment 8500 first-line support still exists, short-term fundamentals lack of strong drive, PVC futures rise lack of drive, but the downside space is also limited, or will continue the 8500 first-line support shock
。