PVC数据日报-20250813

Report Summary 1) Report Industry Investment Rating - Not provided in the report 2) Core View of the Report - Due to the high uncertainty of macro - policies, it is recommended to remain on the sidelines [1] 3) Summary by Relevant Catalogs Price and Index Changes - Coal (Q5500) price increased from 685 to 690, with a change of 5 [1] - Lanthanum charcoal (Shaanxi medium material) price remained unchanged at 620 [1] - Inner Mongolia calcium carbide price remained unchanged at 2450, and Shandong calcium carbide price remained unchanged at 2780 [1] - Futures (main continuous) price increased from 5010 to 5047, with a change of 37 [1] - Spot prices of different PVC types (such as East China SG - 5, South China SG - 5, etc.) showed varying degrees of increase [1] - Basis in East China decreased from - 120 to - 137, with a change of - 17; in Central - South, it increased from - 110 to - 107, with a change of 3; in North China, it decreased from - 140 to - 147, with a change of - 7 [1] - Shandong calcium carbide - based profit increased from - 840 to - 810, with a change of 30; Inner Mongolia calcium carbide - based profit increased from - 548 to - 528, with a change of 20 [1] - CFR China remained unchanged at 701, CFR Southeast Asia remained unchanged at 679, and FAS Houston decreased from 632 to 627, with a change of - 5 [1] Market Conditions - PVC paste enterprises' quotes were mainly stable, with sporadic grades showing narrow - range flexibility. Traders focused on shipments, the overall market trading atmosphere was average, downstream procurement enthusiasm was insufficient, and most purchases were made as needed, with some waiting - and - seeing sentiment [1] Production and Inventory - Total PVC production start - up rate increased from 76.84% to 79.46%, with a change of 2.62%; calcium carbide - based start - up rate increased from 76.03% to 78.65%, with a change of 2.62%; ethylene - based start - up rate increased from 78.99% to 81.49%, with a change of 2.5% [1] - East China inventory increased from 39.48 to 42.37, with a change of 2.89; Central - South inventory increased from 5.32 to 5.71, with a change of 0.39; social inventory increased from 44.8 to 48.08, with a change of 3.28 [1]