Weekly PVC Market Report (2020.11.13-11.19)

According to PVC valuation, domestic prices of Calcium Carbide PVC and ethylene PVC continued to rise this week. Calcium carbide method PVC: Domestic PVC manufacturers have good shipments and low inventories. In addition, PVC futures continue to rise, which is positive for the spot market. Merchants offer continuous increases. Ethylene-based PVC: The domestic ethylene-based PVC was supported by market shortages and strong external prices, and prices rose further.

It is expected that next week, the PVC market will report a high inventory and fall back. Favorable: PVC manufacturers still mainly pre-sale, and there is no short-term shipping pressure; international PVC supply is still tight, and external prices continue to rise, which is good for the domestic market; PVC social inventory and corporate inventory are still low, and the market supply is tight; raw materials The price of calcium carbide continues to rise, and the cost support is good. Negative: As the price of PVC continues to rise, downstream product companies have been poorly receiving goods under the influence of low profit margins, which is obviously in conflict with the current high prices, and downstream companies in some regions have stopped working. In addition, PVC futures have fallen so far, and there is still a possibility of further decline in the later period. Therefore, it is expected that the PVC market will report a high level of inventory next week and fall back.

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