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Recently, PVC has been greatly affected by market sentiment
.
In terms of fundamentals, the current supply-side start is relatively low, on the demand side, domestic exports perform better, and downstream construction will benefit from the relaxation of domestic real estate policies and infrastructure support
.
At present, it has entered the destocking cycle, paying attention to the pull of terminal demand strength on PVC
.
However, the short-term domestic epidemic is repeated or there is a certain disturbance to terminal construction and demand, and it is recommended to wait and see
on the transaction.
On the supply side, calcium carbide ex-factory prices have risen, and PVC starts have not changed much
.
The shipment of calcium carbide is smooth, and the overall downstream procurement is positive, but the arrival is not good
.
Short-term PVC enterprises have no new plan for maintenance, superimposed overall still has room for profit, PVC start is stable and slightly improved
.
On the demand side, downstream construction has gradually resumed
.
The orders of downstream products enterprises improved, the load gradually increased, and the pipe enterprises gradually recovered to 5-8%, the profile load was slightly lower, and the soft product load was slightly higher
.
The enthusiasm for procurement is good, and the overall demand for products is still expected
to improve.
Export orders are better, and the export volume in March will remain at a high level
.
In terms of inventory, social inventory is reduced, and attention is paid to the speed of
destocking in the later stage.
The PVC market just needs to improve, transactions have improved, and overall inventories have declined
.
Pay attention to the destocking speed
in the later stage.
In terms of cost, the price of calcium carbide has shifted upward, and the regional increase is different
.
Since last Friday, the ex-factory price of calcium carbide in Wuhai, Ningxia and other places has risen by 300 yuan / ton
.
Crude oil prices are volatile, with amplitudes as high as $30 per barrel
.
The sharp fluctuations in crude oil prices have a significant impact on the trend of commodities, and PVC futures have also been affected
.
Crude oil prices fluctuated at a high level, the macro still has some support, PVC short-term volatility intensified, but PVC supply and demand side gradually improved, the medium-term price center of gravity or continued to move up, PVC cautiously optimistic
.
