Group 1 - PVC futures maintain a weak trend after the market opens, with various plants undergoing maintenance and some resuming operations [1] - Domestic trade prices in the Ulanqab region are quoted at 2500 yuan/ton, with strong cost support from the calcium carbide market [1] - Ethylene prices in Northeast Asia and Southeast Asia have decreased by 15 dollars/ton, indicating a weakening cost trend for ethylene-based production [1] Group 2 - Downstream terminal stocking demand remains subdued, and supply expectations are slightly increasing, putting pressure on industry inventory [3] - New production capacities from Tianjin Bohua and Zhejiang Jiahua contribute to ongoing supply pressure, while downstream demand remains limited due to high temperatures [3] - Despite recent production declines and increased maintenance, social inventory has slightly accumulated, leading to a low valuation of PVC from the perspective of chlor-alkali integration benefits [3]
PVC弱现实格局延续
Sou Hu Cai Jing·2025-10-28 10:12