PVC数据日报-20251017

Group 1: Report Investment Rating - No information provided Group 2: Core View - The macro - policy has high uncertainty, and it is recommended to stay on the sidelines [1] Group 3: Summary by Relevant Catalog Spot Market - Domestic PVC powder market prices were narrowly adjusted, with mainstream markets slightly rising or falling, and price fluctuations mostly in the range of 0 - 10 yuan/ton. The downstream purchasing enthusiasm was average, and overall spot trading was light. The mainstream spot cash self - pick - up prices for type 5 calcium carbide PVC were 4560 - 4670 yuan/ton in East China, 4620 - 4690 yuan/ton in South China, 4440 - 4550 yuan/ton delivered in cash in Hebei, and 4570 - 4610 yuan/ton delivered in cash in Shandong [1] Futures Market - The futures market was weak in the night session yesterday and showed a slightly stronger overall oscillation today. The fixed - price quotes of traders in the morning changed little, and some of the basis quotes strengthened slightly, but high - price transactions were difficult [1] Basis - The basis in East China decreased from - 97 to - 114, in South China from - 17 to - 34, and in another area from - 117 to - 134, all with a decrease of 17 [1] Profit - The profit of Shandong calcium carbide method and Inner Mongolia calcium carbide method remained unchanged at - 1240 and - 969 respectively [1] External Market - CFR China, CFR Southeast Asia remained unchanged at 706 and 649 respectively [1] Operating Rate - The operating rate of calcium carbide method increased from 82.13% to 82.94%, that of ethylene method increased from 79.75% to 81.9%, and the total operating rate increased from 81.42% to 82.63% [1] Inventory - The inventory in East China increased from 48.84 to 50.27, in South China from 4.93 to 5.43, and the social inventory increased from 53.77 to 55.7 [1]