The raw material end boosted PVC's decline eased

The PVC1705 contract opened at 6135, with a high of 6295, a low of 6085, and closed at 6265, up 145, or 2.
37%,
from the previous session.
The volume decreased to 113,400 lots, and the open position decreased by 24,112 lots to 63,200 lots
.

News side: 1, Qilu Petrochemical PVC ethylene S1000/S700 models to carry out a single talk
.
The 240,000 tons/year unit of the plant is expected to be overhauled around May 4, and it is expected to take about 40 days, and the PVC production in April is planned to be less than 18,000 tons
.

Raw material prices: 1, Japan naphtha CF Japan reported 476.
62 yuan / ton, down 2; Naphtha FOB Singapore was trading at $51.
79 a barrel, down 0.
25
.
ethylene CFR Northeast Asia 1140 US dollars / ton, flat; CFR Southeast Asia was flat at $1,035/mt
.

Spot market: The price of some domestic PVC spot markets fluctuated and closed down
.
North China calcium carbide law reported 6150 yuan / ton, down 20; ethylene law reported 6470 yuan / ton, down 10; East China calcium carbide law reported 6180 yuan / ton, flat
.
South China calcium carbide method reported 6170 yuan / ton, down 30, ethylene method 6650 tons, down 50
.
The price of raw materials was basically flat, East China reported 3,000 yuan, flat, and Northwest reported 2,600 yuan, flat
.

In April, it is optimistic that the increase in PVC plant maintenance will improve the supply pressure, and the high inventory may also improve under the expectation of demand recovery, and the actual performance of the demand side is not bad
.

Mainly from the current social inventory data, although it is the same period of history, but the absolute increase in inventory has been declining month-on-month, it can be seen that the current high inventory liquidity is acceptable, in addition to the existing inventory, the output of enterprises can basically be absorbed by the market, PVC supply and demand pattern has the possibility
of improvement.

Nodes that are expected to improve after mid-April; In the medium and long term, the introduction of Xiong'an New Area is good for infrastructure, and PVC demand will also benefit
.