Will enter the traditional off-season PVC prices may be difficult to rise

In May, the PVC market volatility was weak, downstream demand was less than expected, real estate demand was not released enough, and public health events in various parts of the country were still severe, the downstream product industry was restricted from starting, insufficient gas purchase, PVC prices weakened, and fell by 2.
63%
during the month.

May Day holiday return, the plate is running strongly, coupled with the price of raw material calcium carbide rising, cost support is enhanced, PVC futures and spot prices hand in hand, the middle of the year began to stop rising and falling, but the decline is small, starting in the second half of the month, raw material calcium carbide prices are lowered, cost side support is lowered, and exports weaken, demand side continues to weaken, further aggravate the downward trend of PVC, near the end of the month, PVC maintenance enterprises are more concentrated, operating rate declined, PVC prices rebounded slightly, but it is difficult to have a big rise in the market
.

As of the end of the month, the price of raw calcium carbide was about 4400 yuan / ton, and the quotation range of domestic PVC5 calcium carbide enterprises was around 8250-8550 yuan / ton
.
External prices, CFR China fell 10 to 1190 US dollars / ton, CFR Southeast Asia fell 10 to 1285 US dollars / ton, CFR India fell 30 to 1370 US dollars / ton
.

International crude oil, crude oil prices fluctuated in May, the European Union's oil ban on sanctions against Russia has not been able to land, and the expectation of tight supply will not change
.
Coupled with the arrival of the summer driving season in the United States, demand is expected to improve, and supply and demand fundamentals are still positive for oil prices
.
OPEC will stick to last year's oil production deal at its June 2 meeting, increasing production by 432,000 barrels per day in July, rejecting Western calls
for faster production increases to lower soaring oil prices.
As the epidemic in Asia gradually eases, demand is expected to improve
.

Approaching the Dragon Boat Festival, the market is strong, the price of PVC futures is rising, the market trading atmosphere has improved, and it will rise steadily in the short term, but it is about to enter the traditional off-season, and the price may be difficult to rise
sharply.