PVC futures in February were quite volatile and occasionally rebounded, but lasted for a long time. PVC spot price continued to fall, the market is weak. In the past, enterprises started construction during the Spring Festival, demand increased and PVC inventory gradually decreased. Now PVC prices are under pressure. At the end of the month, with the gradual easing of transportation and the recovery of PVC downstream product enterprises, the market began to have silk vitality, but overall, the downstream demand is still significantly depressed, which is difficult to boost PVC. The number of manufacturers has increased, the supply of goods is sufficient, the demand side maintains rigid procurement, many enterprises have certain stock before the festival, the demand is not high, the overall situation of PVC market supply exceeds demand is still the same, the market is weak as normal.
At present, the growth of crude oil demand is expected to be lowered by a large margin. It is expected that crude oil will still fluctuate broadly under the influence of many market interference factors in the near future. In the medium and long term, crude oil is not likely to reverse the market and rise sharply. In terms of calcium carbide, the factory price slightly increased, downstream customers' procurement enthusiasm was general, and the supply of calcium carbide was tight. The aftermarket calcium carbide slightly shakes.
The overall demand side of PVC has improved to a certain extent, but it is still starting slowly. The spot market price of PVC is generally stable. Some enterprises adjust their quotations according to their own, and it is expected that PVC will still fall in the short term, depending on the macro level and the recovery of terminal enterprises.
Post time: Mar-10-2020