[PVC Morning Alert] Expected Today PVC Market Prices To Remain Weakly Stable

I. Points of Attention

1. [Longzhong] 10/15: Market concerns over the risk of oversupply and trade disputes instigated by the United States suppress demand outlook, leading to a decline in international oil prices. NYMEX crude oil futures for the November contract fell by $0.43/barrel to $58.27, a decrease of 0.73% compared to the previous period; ICE Brent crude futures for the December contract fell by $0.48/barrel to $61.91, a decrease of 0.77% compared to the previous period. China's INE crude oil futures for the 2512 contract fell by 7.6 to 444.9 yuan/barrel, and in the night session, it fell by 1.9 to 443 yuan/barrel. 。

2、 Calcium Carbide: Yesterday, the mainstream trade price in the Wuhai region was quoted at 2400-2450 RMB/ton, the mainstream trade purchasing price in the Ningxia region has been lowered to 2400 RMB/ton, and production enterprises are actively shipping. Yesterday, orderly power usage reappeared in the Inner Mongolia region, leading to a noticeable contraction in supply, which intensified the market's price support sentiment. Downstream demand is regionally unstable, with demand declining in Shanxi and Wuhai, but some procurement is gradually resuming as certain maintenance activities near completion. It is expected that today, due to unstable supply, the market will maintain a steady but slightly fluctuating operation.

3 、 PVC Yesterday, domestic PVC spot market Weak consolidation ， Downstream purchasing enthusiasm is lacking. Transaction Slow down Weekly Production Expected to remain at a high level. ， Domestic and foreign demand continues. Weakness, industry inventory continues to accumulate. The overlap of poor macro expectations. PVC spot prices are under pressure. ; as of 10 Month 15 On the day, the cash stock of calcium carbide method type five in East China was raised. 4,550-4,660 yuan/ton for the carbide process, and 4,750-4,900 yuan/ton for the ethylene process.

II. Price List

3. Market Outlook

In the short term, The PVC market will continue to be constrained by the fundamentals of oversupply and weak demand. ， New capacity continues to increase throughout the month, overall production remains at a high level compared to the same period last year, and domestic demand remains stable. Export Short-term observation, the pressure of supply exceeding demand in the market continues to exist. 。 The support from the cost side has also weakened, along with external factors. Macroeconomic expectations are weak, and it is expected that today... The PVC market price remains weak and stable. 。

4. Data Calendar