PVC Market Overview - The domestic PVC powder market prices have increased, with significant regional price differences observed. The PVC futures market has shown an upward trend after fluctuating within a range, while traders' basis quotes have weakened, leading to higher fixed price offers without price advantages for point pricing transactions. Downstream purchasing enthusiasm remains low, with most buyers adopting a wait-and-see approach, resulting in a sluggish spot market transaction volume [1] PVC Production and Inventory - The overall operating load rate for PVC powder this week is 75.07%, a decrease of 1.43% compared to the previous week. The operating load rate for calcium carbide method PVC powder is 76.93%, down 3.8%, while the ethylene method PVC powder load rate is 70.23%, up 4.77%. As of July 10, the social inventory of PVC has increased by 2.89% to 591,800 tons compared to the previous month, but has decreased by 7.66% year-on-year. The inventory in East China is 539,300 tons, and in South China is 52,600 tons [2] PVC Market Outlook - The spot market prices for PVC have stabilized, with prices pushed up by the atmosphere of the black commodities market. Currently, the supply-demand dynamics indicate a seasonal shift towards increased supply and reduced demand, with no significant improvement in the fundamentals. The demand for procurement during the off-season remains low, and foreign trade export orders are average, leading to a slight accumulation of inventory. A substantial increase in inventory may require a significant decline in exports. However, due to a recent improvement in the macroeconomic environment and a collective rebound in commodities, a sharp decline in prices is unlikely in the short term, with the PVC market showing a relatively strong performance. A wait-and-see approach is recommended for the time being [3]
PVC：宏观气氛推升pvc盘面反弹 基本面暂无改善
Jin Tou Wang·2025-07-11 02:09