Introduction: The domestic PVC market is still weak in November, and the overall downward trend has not changed. If the PVC industry wants to stop falling and warming up, it still needs a price reduction and the active cooperation of the buyers and sellers.
In November, the domestic PVC market is still weak and organized, and the overall downward trend is still unchanged. As of November 24, taking East China SG-5 as an example, the average monthly price was 5973 yuan/ton, the average price fell 285 yuan/ton last month, down 4.55%. On the one hand, weak demand, including real estate, product consumption, import and export constraints; Secondly, on the supply side, the overall operation of enterprises is relatively stable, and some new production capacity is still planned, so the pressure continues to exist. Entering the fourth week of the month, although the market has a small pull up, but the field is mostly wait-and-see, reflecting the downstream intention to chase up, the basic maintenance of small purchase, overall light trading.
As of November 24, 2022, the inventory of PVC enterprises was 455,700 tons, an increase of 8.19% from October. The supply of domestic PVC manufacturers picked up, but the local supply and delivery encountered obstacles, and the market demand remained weak, and the inventory increased slightly. In the late stage, some new production capacity will be released, and the supply pressure will not decrease. According to the customs data, the export volume of PVC in October was 96,600 tons, which decreased by 9.47% month on month and 13.52% year on year. November-december is the low season for PVC market demand, so the possibility of subsequent destocking is not very high.
Post time: Dec-01-2022