Group 1 - PVC futures rose by 1.07% to 4892 yuan/ton in the night session [1] - Last week, PVC social inventory decreased by 0.41% to 651,000 tons, indicating a trend of inventory reduction with limited pressure [2] - The overall operating rate of PVC this week is 80.3%, up 1% week-on-week, with the calcium carbide method at 81.3% (up 2.3%) and the ethylene method at 77.8% (down 2.4%) [2] Group 2 - Spring maintenance is halfway through, with the scale not matching last year's levels, and recent operating rates are rebounding; however, PVC faces pressure until demand improves [3] - Long-term outlook for PVC demand remains weak due to real estate drag, with exports facing anti-dumping and BIS certification pressures, maintaining a stable state of price for volume [3] - Recent inventory reduction is acceptable but still high, with a loose supply-demand balance; macroeconomic factors are expected to dominate price movements [3]
春检规模不及去年同期 预期PVC反弹空间受限
Jin Tou Wang·2025-05-14 05:47