Report Industry Investment Rating No relevant content provided. Core Viewpoints - The PVC market is in a situation of insufficient demand and over - capacity, with a bearish outlook but influenced by domestic policies and trade conditions [2]. - The caustic soda market has sufficient supply and limited demand growth, showing a weak and volatile trend [3]. - The rubber market is expected to be dominated by weak demand and sufficient supply, remaining in a weak and volatile state [4]. - The urea market has stable supply and upcoming demand release, with prices expected to move within a certain range [6]. - The methanol market has a decrease in domestic supply, a stable downstream demand, and a differentiation in inventory, with a short - term bullish and volatile trend [8]. - The plastic market has large supply pressure and weak downstream demand, with a weak market outlook but potential support from tariffs [9]. Summaries by Product PVC - On April 28, the PVC main 09 contract closed at 4989 yuan/ton (+28), with different market prices in various regions. Long - term demand is depressed due to the real estate sector, and exports are restricted. Supply has new investment plans, resulting in a loose supply - demand pattern. Currently, it is macro - dominated, and its performance depends on policies and trade conditions [2]. Caustic Soda - On April 28, the caustic soda main SH09 contract closed at 2441 yuan/ton (+2). Last week, supply was sufficient, demand did not improve, and prices declined. The market is currently characterized by low warehouse receipts, high inventory, and limited demand growth, with a weak and volatile trend [3]. Rubber - On April 28, the rubber market was volatile. NR was weak due to upcoming harvest in Thailand, RU had some support from purchases, and BR was the weakest due to crude oil influence. The market is expected to be driven by weak demand and sufficient supply, and its performance is related to policies and tariffs [4]. Urea - The urea main contract rose 1.08% to close at 1781 yuan/ton. Supply is stable, and demand from rice and corn fertilization is expected to be released around May Day. The market is in a state of seasonal inventory accumulation, and prices are expected to move between 1730 - 1850 [6]. Methanol - The methanol main contract rose 0.96% to close at 2310 yuan/ton. The device's operating rate decreased, domestic supply shrank, downstream demand was stable, and inventory was differentiated. It is expected to be bullish and volatile in the short - term, with prices in the range of 2200 - 2350 [8]. Plastic - On April 28, the plastic main contract rose 0.20% to close at 7164 yuan/ton. Supply pressure is large, downstream demand is weak, and the market outlook is weak, but tariffs may provide some support [9].
能源化工日报-20250429
Chang Jiang Qi Huo·2025-04-29 02:33