PVC数据日报-20250822

Report Summary 1. Report Industry Investment Rating No investment rating was provided in the report. 2. Core View of the Report The report indicates that the domestic PVC powder market price slightly declined on August 22, 2025, with weaker trading volume. Given the high uncertainty of macro - policies, it is recommended to stay on the sidelines [2][3]. 3. Summary by Relevant Catalogs Spot Overview - The domestic PVC powder market price slightly declined on August 22, 2025, and trading volume weakened. Futures prices first fell and then rose, with the basis partially increasing by 20 - 30. Downstream purchasing enthusiasm was average, and most transactions were made through price - setting. Trading was concentrated in the morning, and there were limited transactions in the afternoon when futures rebounded. The mainstream spot cash self - pick - up prices for Type 5 calcium carbide materials were 4740 - 4840 yuan/ton in East China, 4800 - 4850 yuan/ton in South China, 4670 - 4720 yuan/ton for cash delivery in Hebei, and 4730 - 4790 yuan/ton for cash delivery in Shandong [2][4]. Operating Rate - The overall operating rate was 79.46%, a decrease of 0.87 percentage points from the previous period. The operating rate of the calcium carbide method was 78.65%, a decrease of 1.31 percentage points, and the operating rate of the ethylene method was 81.49%, an increase of 0.23 percentage points. The operating rate in East China was 42.37, a decrease of 1.15 [3]. Inventory - The inventory in South China was 5.71, a decrease of 0.05, and the social inventory was 48.08, a decrease of 1.2 [3]. Price and Profit Indicators - The prices of various raw materials and products on August 20 - 21, 2025, are as follows: coal (Q5500) was 702, Shaanxi medium - grade semi - coke was 630, Inner Mongolia calcium carbide was 2300, Shandong calcium carbide was 2755, the futures main continuous contract was 5004 - 5008, and the prices of different regions and types of PVC products also changed slightly. The basis in different regions increased by 4, and the profit of Shandong calcium carbide method and Inner Mongolia calcium carbide method remained unchanged. The FAS Houston price in the outer market decreased by 10 [2][4].