Supply side
In terms of cost, the price of vinyl chloride monomer in Asia remains stable at $620/ton CFR Far East, and the market is expected to maintain a wait-and-see attitude before the PVC price announcement in December. The market is bullish on the new PVC quotation for December at $20-30 per ton. The mainstream enterprises of vinyl chloride in East China offer prices ranging from 5150 to 5250 yuan/ton for factory acceptance and self pickup, with actual orders negotiated. Asia's vinyl chloride monomer remained stable at $600/ton CFR Far East month on month, and the market is looking forward to a new quotation for downstream PVC in December. The market expects the new quotation to be announced in the week of the 20th, and the market expects prices to increase month on month in December.
This week, the domestic calcium carbide market bottomed out and rebounded, with the mainstream trade price in the Wuhai region at 2800 yuan/ton. Production enterprises shipped smoothly, and inventory decreased significantly. The price of raw coal fluctuates, while the price of blue charcoal remains stable and wait-and-see. The increase in demand is the key to this market transformation. Next week, the maintenance of PVC and BDO is coming to an end, and there is an expectation of continuous improvement in demand. At present, there is a regional shortage of goods in the downstream, and the number of trucks waiting to be unloaded is decreasing. It is expected that the market's supply shortage will intensify next week, and there is still room for price increases.
In terms of construction, Longzhong data shows that the utilization rate of PVC Paste Resin production capacity decreased by 0.97% to 61.83% this week. Tangshan Sanyou resumed production, but the operating load was low. Xinjiang Zhongtai Fukang factory has reduced its production load, and the construction is currently at a high stage. The manufacturers are producing at full capacity, and inventory pressure is starting to increase.
In terms of inventory, Eastern enterprises have started to accumulate inventory, and currently the sales pressure of enterprises is increasing, making it difficult to ship due to high inventory.
Demand surface
The glove factory is currently operating at a low price, with prices ranging from 7900 to 8300 yuan/ton for delivery, and the current price is also at a relatively low level. According to statistical data, there are currently 1543 glove production lines in China, with 10 sample enterprises actually operating at 42.13%, with export prices ranging from 10 to 11 US dollars per box. There are lower prices in the market, and glove export orders have improved in recent months, but export prices are relatively low.
In summary, regardless of the cost or demand side of PVC paste Resin, good news is currently difficult to find, and the cost side price adjustment efforts are limited. PVC paste resin is supported by lower costs; However, the inventory pressure above has increased, and demand has not significantly improved. Prices are under pressure and are expected to decline. It is expected that prices will be difficult to boost in the future and will continue to loosen.
