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Last week's PVC run rate was 82.
4% (+0.
3%), extending the second-week high, but the second round of maintenance is about to start in the middle and late months, which is higher than the first round
.
Among the new installations that have attracted much attention, Julong and Xinfa have each delayed 400,000 tons, and the tender installation
of all equipment has not been completed in April.
As of May 10, the price of calcium carbide in Northwest China was 4350 yuan / ton, up 1.
16% from May 5; The price of calcium carbide in East China was 4850 yuan / ton, up 2.
65% from May 5; The price of calcium carbide in South China was 4925 yuan / ton, up 3.
14%
from May 5.
As of May 12, CFR Northeast Asia ethylene prices were $1,171/mt, down 3.
3%
from May 5.
At present, the profit of calcium carbide method has fallen sharply, the ethylene method has maintained a small profit, and the cost support of PVC has been strengthened
.
On the macro front, wide credit and stable growth this year are the main tone of the domestic economy, and GDP growth is set at the level
of 5.
5%.
To this end, the engine that guides the domestic economy has returned to the traditional industries
of real estate and infrastructure.
Recently, the General Office of the State Council issued a document emphasizing support for housing provident funds for renting housing
.
The aim is to stabilize the economy and employment
.
Short-term upstream calcium carbide prices continued to rise, and the profits of foreign calcium carbide companies turned a loss
this week.
PVC production is still high year-on-year, supply is still abundant, upstream enterprises are accumulating inventory, pay attention to the degree of maintenance cashing in late May, and there is still a maintenance plan from June to July, and the supply may be reduced in the future
.
The terminal is weak, the pressure on downstream finished product inventory is still large, and it is waiting to see the recovery of the demand side with the improvement of the epidemic; Export neutrality is favorable, and although the price of the external market has fallen, the export window is still open
.
Social stocks went to storage this week, and short-term downstream demand improved slightly
.
In general, the cost support margin is strong, demand is still weak but the margin is improving, pay attention to the implementation of corporate maintenance under high profits, the weak supply and demand pattern is expected to improve, the basis monthly difference margin is stronger, there may be a rebound in the short term, and the medium line is still under pressure
.
