The epidemic inhibits downstream construction and procurement, and the PVC market is trading lightly

Although the epidemic has inhibited some domestic downstream construction and procurement, the export market still provides some support for the demand side, and the decline in mainland prices will further open the export arbitrage window, thereby stimulating the continuous increase in exports
.

If the PVC price further falls, as the price of calcium carbide stops falling and rises, the compression of calcium carbide profits may cause some enterprises to reduce the negative, coupled with the current destocking cycle has begun, this reduction will tighten spot resources, thereby giving certain support
to the plate.

Overall, the proximal bearish factors dominate the plate, but there is some positive support
at the far end.
It is recommended to wait and see for the time being, wait until the impact of macro factors such as the epidemic and crude oil prices weakens, and the market regains fundamental logic, and then operates
according to the balance of supply and demand at that time.