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The construction of domestic PVC enterprises is expected to continue to increase. At present, the liquid chlorine market is poor and the upside down is serious. Some enterprises are considering to increase the construction load of PVC and consume liquid chlorine.

Local area control relaxed, products start stable slightly better

From the domestic profile enterprises, the restricted enterprises in the northern region began to recover gradually; Construction in the South is basically OK, and the normal operation before the double festival will be maintained. However, as the end of the year is approaching, some enterprises have entered the state of waiting for shutdown, and the later demand side needs to be further observed.

Export window is positive, domestic exports are expected to increase

This week, Asian market prices continued to rise, India’s domestic equipment overhaul and market low inventory, resulting in India’s recent panic order, China’s Taiwan Formosa Plastics in January reduced volume. At present, there are still inquiries for domestic goods delivered in January and February.

Raw material oversupply depends on demand, PVC social inventory small to go

With the continuous improvement of calcium carbide construction, the market supply increases, the market supply exceeds the demand obviously, the calcium carbide market maintains a downward trend, and the cost support of calcium carbide method is loosened. Raw material ethylene continued to maintain stable operation, ethylene chloride price stabilized, vinyl PVC cost support temporarily stable. PVC factory inventory increased slightly, mainly due to the increase of PVC construction. Recent social inventory continues to decline, northwest part of the goods are still arriving less, it is expected that short-term social inventory decline will slow down.

Overall: As the end of the year is approaching, the market volatility gradually returns to the main shock, downstream orders and start or decline trend. However, there is less maintenance of upstream enterprises, and there is room for improvement of output and capacity utilization. Supply exceeds demand in the short to medium term. In the depressed state of the market, the short – to medium-term domestic PVC market or continued low operation.