According to observations, the domestic PVC market in the eastern market began to rise again, affected by the rebound in futures. The spot price remained stable, but the market turnover was cold. Market participants were more cautious and wait-and-see. From the perspective of futures, PVC was once affected by trade news. Two rebounds after hitting 6730, compared with other chemicals, PVC performance is weak. With the weak shock of futures, the downstream only needs to purchase mainly, the pressure on the futures is 7000, and the support below is 6700.
Fundamentally, the central bank's targeted RRR cuts and equipment overhaul have a greater impact in the near future. The environmental protection group stationed in the inspection to form a certain support for the futures price, but the spot price was constrained by the sluggish demand, and the beginning of the fall was the suppression of the price formation. Yu Information believes that the pessimism of Sino-US trade has been repaired, and the market's concerns have gradually returned to the industry. The spot price has temporarily stabilized and is repaired in the form of rising futures. At present, downstream demand in the eastern region has weakened, mostly based on just-needed purchases. The latest data shows that social inventories are starting to rise, and last week's shipments were poor, and inventory was not optimistic.
In terms of the international market, the renminbi continues to depreciate, close to opening exports, which may share a small part of domestic pressure. The EDC market in Southeast Asia has not experienced significant fluctuations and remained stable. The PVC market in Southeast Asia is stable, and the offer is consistent with the previous period. The export of calcium carbide PVC production enterprises in Shaanxi remained stable, and the offer was consistent with the previous period. The performance of the external market in the near future is somewhat unexpected. It is currently the rainy season in India, and the market expects that the external disk price may be significantly affected by this. At present, it has maintained a high level of shock.
Comprehensive pre-judgment, the current supply and demand fundamentals have a certain pressure, the maintenance factors around the market is basically no strength. Under the promotion of futures, so the market is more rigid in the near future.