PVC：下游采买积极性低 盘面震荡

PVC Market Overview - The domestic PVC powder market prices are stabilizing with slight fluctuations, with most prices increasing by 5-10 yuan/ton [1] - The futures market showed a range-bound movement before rising, while traders' quoted prices remained largely unchanged [1] - Downstream purchasing enthusiasm is low, leading to overall weak spot transactions [1] PVC Production and Inventory - The overall operating rate for PVC powder this week is 73.74%, a decrease of 1.4 percentage points from last week [2] - The operating rate for calcium carbide method PVC powder is 71.65%, down 3.08 percentage points, while the ethylene method saw an increase to 78.56%, up 2.46 percentage points [2] - As of October 23, the inventory days for PVC production enterprises in China decreased by 11.11% to 5.6 days, attributed to maintenance and upstream deliveries [2] PVC Market Outlook - Last week, the PVC market stabilized after a decline, showing a trend of fluctuation [3] - Supply side remains low due to ongoing maintenance, but production is expected to increase as maintenance ends next week [3] - Demand from downstream remains weak with limited orders, while raw material costs are rising but expected to stabilize [3] - The market outlook suggests continued pressure on prices, but absolute prices are considered low, indicating potential for short-term rebounds [3]