Group 1 - Domestic PVC powder market prices increased, with futures showing volatility; spot pricing and fixed pricing coexist, with limited transactions mainly driven by downstream demand [1] - The overall operating rate for PVC powder this week is 73.74%, a decrease of 1.4 percentage points from last week; the operating rate for calcium carbide PVC powder is 71.65%, down 3.08 percentage points, while the ethylene method's operating rate is 78.56%, up 2.46 percentage points [2] - As of October 23, the inventory days for PVC production enterprises in China is 5.6 days, a decrease of 11.11% from the previous week, attributed to maintenance and upstream deliveries [2] Group 2 - The recent meeting between the leaders of China and the U.S. was interpreted as underwhelming, negatively impacting the PVC market; previous price rebounds have halted [3] - Supply side shows low operating rates due to maintenance, but some maintenance is ending this week, leading to increased production and supply returning to high levels [3] - Demand remains low with limited orders from downstream, primarily driven by essential purchases; raw material costs for calcium carbide are rising but with limited space for further increases, while ethylene prices may decrease next week [3]
PVC：宏观事件对盘面形成利空影响 反弹戛然而止
Jin Tou Wang·2025-10-31 02:09