Today, the PVC market in most parts of China remains stable in a cautious sentiment.
Specifically, in North China, there has been no significant adjustment in the overall average quotation of the local PVC market. At this stage, those manufacturers are eager to sell their products before the holiday, making them occasionally do transactions at discounted prices. During the demand off-season, the market fundamentals remain weak. Additionally, in the context of calm macro performance, there is lack of positive drivers for the PVC market, leading to a cautious and wait-and-see sentiment among most players.
In East China, as there is no significant fluctuation in the PVC market, the overall operating rate remains high, ensuring abundant supplies in the region. Meanwhile, downstream product companies have been gradually shut down for holidays, with shrinking demand for PVC, thus putting sales pressure on those PVC manufacturers. Currently, regional traders mainly purchase and sell on demand, generally taking futures point prices as a way of quotations.
In South China, the PVC market has continued the stable trend of last weekend, without intended adjustment of quoted prices from both supply and demand sides. At present, given the shrinking market demand and stable arrival of PVC goods, it becomes more difficult to see a market recovery. As a result, many merchants are prone to sell their products at flexible transaction prices based on the market fluctuations.