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PVC数据日报-20250825
Guo Mao Qi Huo·2025-08-25 06:47

Report Industry Investment Rating - Not mentioned Core Viewpoints - The domestic PVC powder market price showed a narrow - range adjustment today, with the mainstream market price fluctuating slightly and the price center in some local markets moving down slightly. The futures market oscillated within a range, and the downstream procurement enthusiasm was low, with most buyers preferring to wait and see. However, some export orders were acceptable. Due to the high uncertainty of macro - policies, it is recommended to stay on the sidelines [2][4] Summary by Relevant Content Raw Material Prices - Coal (Q5500) price on August 21 and 22, 2025, was 702, with no change [1] - Shaanxi medium - grade lanthanum charcoal price on August 21 and 22, 2025, was 630, with no change; Inner Mongolia lanthanum charcoal price increased from 2300 to 2350, a rise of 50 [1] - Shandong calcium carbide price on August 21 and 22, 2025, was 2755, with no change [1] Futures and Spot Prices - Futures (main continuous) price increased from 5004 to 5019 on August 21 - 22, 2025 [1] - Spot prices:华东SG - 5 remained at 4740 on August 21 - 22, 2025;华南SG - 5 decreased from 4840 to 4830;华北SG - 5 remained at 4750;西北SG - 5 decreased from 4650 to 4520;华东S - 1000 remained at 5000 [1] - Mainstream spot prices of 5 - type calcium carbide materials:华东 mainstream spot cash self - pick - up was 4760 - 4850 yuan/ton;华南 mainstream spot cash self - pick - up was 4780 - 4840 yuan/ton; Hebei spot cash delivery was 4650 - 4760 yuan/ton; Shandong spot cash delivery was 4730 - 4800 yuan/ton [2] Basis and Profit - Basis:华东 decreased from - 264 to - 279;华南 decreased from - 164 to - 189;华北 decreased from - 254 to - 269 [1] - Shandong calcium carbide method profit remained at - 914 on August 21 - 22, 2025 [1] Operating Rates and Inventory - Total operating rate was 80.33%, a decrease of 2.72% compared to 77.61% [4] - Calcium carbide method operating rate decreased from 79.96% to 76.81%, a decrease of 3.15%; Ethylene method operating rate decreased from 81.26% to 79.59%, a decrease of 1.67% [4] - Inventory:华东 decreased from 45.02 to 43.52;华南 increased from 5.76 to 5.78; Social inventory decreased from 50.8 to 49.28 [4] Outer - plate Prices - CFR China remained at 701; CFR Southeast Asia remained at 679; FAS Houston decreased from 627 to 617 [5]