Core Viewpoint - The PVC futures market is experiencing a downward trend, with prices fluctuating and a recent decline of approximately 2.19% observed in the main contract [1][2]. Group 1: Market Performance - As of July 1, the main PVC futures contract opened at 4885.00 CNY/ton, with a high of 4888.00 CNY and a low of 4810.00 CNY [1]. - The overall market performance for PVC is weak, indicating a bearish sentiment among traders [1]. Group 2: Supply and Demand Dynamics - Supply remains high despite a slight decrease in production due to maintenance of new facilities, with expectations of further production increases in the future [2]. - Demand from downstream products is declining, particularly in the hard plastic pipe sector, influenced by seasonal factors and weak orders from enterprises [1][2]. - The export market is under pressure due to the rainy season in India, leading to a decrease in orders [1]. Group 3: Price Trends and Forecasts - The PVC spot market is showing a downward trend in price, with a lack of significant trading activity [2]. - Short-term forecasts suggest continued price fluctuations, with resistance noted around 4905 CNY for the September contract [2]. - The overall valuation drivers for PVC remain insufficient, with weak cost support from calcium carbide prices and stable ethylene prices [1].
总体供应仍偏高位 预计PVC近期低位震荡
Jin Tou Wang·2025-07-01 06:08