The price of PVC paste resin continues to be high

Since late June, the price of domestic PVC paste resin has exploded.

Due to the decline in production costs of enterprises and the sharp rise in product sales prices, the profit transmission of PVC paste resin has contributed to the rise in the stock price of listed companies in this concept stock

Regarding the reasons for the soaring price of PVC paste resin, Zhuo Chuang Information analyst Wang Wei analyzed that from May to June, some paste resin enterprises began to overhaul their installations, most of them had low inventory, and even some brands were tight in supply; Affected by the pneumonia epidemic, the export orders of domestic PVC glove products companies have surged, and most of them are in a state of high-load production.

"In the short term, the supply of PVC paste resin is expected to decrease, while demand will still maintain high growth, and prices are expected to continue to rise

In terms of supply, as of the end of 2019, the domestic production capacity of PVC paste resin was 1.

In the later period, some chlor-alkali enterprises will continue to be overhauled in the third quarter.

In terms of demand, affected by the continued intensification of overseas epidemics, the export demand for PVC gloves has surged.

According to the statistics of the Yang Lin team of Southwest Securities Chemical, there were about 1,000 domestic glove production lines in early July, and the demand for glove materials in the glove production line was about 36,000 tons per month

On the whole, driven by downstream demand, the price of PVC paste resin is expected to continue to rise