Weak fundamentals PVC market is still weak

Recently, the market is still hard to find, PVC prices are steadily lowered, the daily decline is about 1% narrow adjustment, although the futures price has a certain rebound, but the impact on the spot market is limited, a small number of companies to test the rebound, helpless demand off-season, high price transmission is not smooth, the price is still down
.

In terms of demand, the apparent demand for domestic PVC in November 2021 was 1.
700 million tons, an increase of 4.
45% month-on-month and a year-on-year decrease of 1.
69%, and a cumulative total of 19.
1923 million tons from January to November, an increase of 0.
19% year-on-year, slowing down by 0.
19% from the previous month, and falling
year-on-year for seven consecutive months.
According to the statistics of general trade mode in November, the domestic calcium carbide export volume was 10371.
6 tons
.
An increase of 119.
06%
from October.

In terms of demand, the operating rate of PVC production enterprises this week was 75.
36%, down 0.
12% month-on-month and 4.
13% year-on-year; PVC production was 413,900 tons, down 0.
07% month-on-month and 4.
75%
year-on-year.
PVC downstream products enterprises are still not good, hard products enterprises are poor
.
The start of construction in the southern region is slightly better, but there are not many
new orders from enterprises.
Demand in the north continues to decline
.

In terms of inventory, as of December 13, domestic PVC social stocks were 141,900 tons, down 7.
8% month-on-month, but higher than the same period last year, indicating that this year's demand is weaker than last year
.

The V2205 contract edged higher during the day, indicating a slight advantage
in the bulls.
In the off-season of demand, the market trading is relatively flat, while the price of raw materials has declined, and the PVC market is still weak under the situation of weak
fundamentals.