PVC paste resin is difficult to rise or fall, and the market is difficult to break through

May 11, 2023

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Introduction: In May 2023, there were relatively few maintenance enterprises, and the production was normal. Some enterprises had high inventory pressure, and Northwest enterprises currently do not have inventory. However, at present, prices continue to decline, with low-end prices for various brands ranging from 6800 to 7300 yuan/ton for delivery, and high-end prices ranging from 7400 to 7700 yuan/ton for delivery. We are negotiating a firm offer.

At a high level in the industry's start-up stage, the production of PVC Paste Resin is on the high side

Since 2023, domestic PVC paste Resin enterprises have been operating significantly higher on a weekly basis, mainly due to the relatively small number of maintenance enterprises in PVC paste resin enterprises. According to the statistics of the operating situation last week on May 4th, the operating rate of the PVC paste resin industry has decreased by 2% month on month to 54.96%, an increase from the end of last year. At present, there are relatively few maintenance companies. Except for long-term parking companies, Corning Chemical has not yet resumed production, and market news suggests that it may restart driving by the end of this month.

Limited rebound space for PVC paste resin prices

The bullish factors brought about by the spring inspection were released during the week of April 17-21, and after the release of industry data on increased pre-sales and reduced inventory, the market's bearish sentiment was stimulated. However, when the price climbed to around 6200 yuan/ton of East China type 5 materials, the market again worried about demand. This week, the PVC market price fell back to around 6000 yuan/ton. As the positive sentiment released by maintenance disappeared, the market paid more attention to the status quo of insufficient demand follow-up.

There are relatively few maintenance enterprises, and upstream construction is stable

Usually, the domestic PVC paste resin industry will enter the first maintenance season from April to May. This year, large production enterprises have not joined the maintenance queue, and there are relatively few maintenance enterprises in the second quarter. The production of PVC paste resin enterprises has rebounded, and the industry's accumulated inventory pressure has increased. In summary, the maintenance of PVC paste resin in China has decreased recently, and large enterprises have no maintenance plans in the near future, making it difficult to drive prices out of range. The release of Corning Chemical's production capacity in the later stage will further exacerbate the current supply and demand market. It is understood that the export market of PVC paste resin has not significantly improved, coupled with flat demand, June is a traditional off-season. Faced with various news and bearish news in the domestic PVC paste resin market, there is still pressure in the PVC paste resin market from May to June, but there is also support from calcium carbide and VCM costs at the bottom, making it difficult to boost prices in the short term.

Author:

Ms. Yolanda

E-mail:

info@jinhetec.com

Phone/WhatsApp:

+86 13298161700