1、 Today's Summary

① The domestic PVC manufacturing enterprises have increased prices of a portion from 30-100 yuan per ton.

② The magnesium production facility of Salt Lake Magnesia restarted after minor maintenance, while Qinzhou Huayi has not started operations yet.

③, India's import anti-dumping duties on PVC are expected to be announced soon, possibly in the coming months, and are planned to be imposed on PVC originating from mainland China.

2 Current Inventory Overview

Based on the East China market of Changzhou, the spot cash price for the fifth type of calcium carbide-based PVC in East China today is 4920 yuan/ton, ex-warehouse, up 20 yuan/ton compared to the previous trading day. 。

The PVC production enterprises have limited new maintenance during the week, and market supply remains high. Exports are hindered by price and policy risks, while domestic demand is stable, with market transactions mainly driven by just-in-time needs. The industry's inventory reduction is expected to be slow. Macroeconomic expectations are poor, leading to insufficient price support during trading, with market prices mainly experiencing slight adjustments. Some upstream production enterprises have slightly increased their prices. Today, in the East China region, the price for calcium carbide method PVC is quoted at 4900-5050 yuan/ton, while the ethylene method is at 5000-5200 yuan/ton.

3. Price Forecastmeasure

Macro expectations are weakly supported, and the PVC market experiences slight fluctuations; the spot market fundamentals show weak supply and demand. Due to some unit maintenance and repairs, the number of scheduled repairs is expected to increase slightly during the week. Production output from manufacturers continues to decline month-on-month, domestic demand remains stable, while foreign trade is cautious due to policy uncertainties. In the short term, the cost support at the bottom remains strong, but there are no positive supports. The PVC market is expected to continue to maintain a small range of fluctuations, with the expected cash price for calcium carbide method PVC in East China projected to be in the range of 4900-5050 yuan/ton.