Real estate policy is still existence, Pvc Resin market macro macro is optimistic

As of December 2022, the operating rate of the PVC production enterprise was 75.96%, which was at a low level of history. The operating rate of downstream PVC production enterprises was 49%, which was at a low level.

Requirements: Pvc Resin demand is closely related to real estate investment. As of November 2022, the new year-on-year growth rate of housing in the country was -38.9%, which was at a low level of history. The cumulative growth rate of housing development investment was -9.8%, which was at a historical high. In addition, the growth rate of China's infrastructure investment has increased on PVC demand. By November 2022, the growth rate of fixed asset investment in infrastructure construction in my country would be 8.9%, which was at a historical high.

Inventory: In terms of inventory, the inventory of upstream production enterprises in the western region is 103,000 tons, which is at a historical high; the inventory of downstream production enterprises in East China and South China is 255,500 tons, which is at a historical high. 7045 hand, 12 hands from the previous day, at a historical high. The downstream of PVC is divided into soft products such as hard products such as profile doors and windows, pipes, pipes, and wire cable materials, plastic packaging such as wires and cables, in which hard products account for about 60%of the total Pvc Powder consumption. East China and South China are the main consumption areas of PVC. The PVC consumption of these two places accounts for about 70%of the country's total consumption. PVC is greatly affected by the domestic real estate cycle, and is usually lagging behind for about half a year.
There are two types of production processes of polyvinyl chloride: electrical and ethylene. The quality of PVC prepared by ethylene is pure and uniform, and the price Boric Acid Flakes is slightly higher than the electrical method. The delivery variety of Pvc Resin Sg5 futures in my country is the SG5 -type first -class product that meets national standards. The exchanges have no clear restrictions on whether the delivery product is electrical or ethylene method. As of December 30, 2022, the spot price and price difference of PVC was as follows: The average spot price of the domestic ethylene method PVC on the day was 6313 yuan/ton, an increase of 165 yuan/ton from the end of the last month. On the same day, the average spot price of PVCs across the country was 6138 yuan/ton, an increase of 198 yuan/ton from the end of the last month. The price difference between the ethylene method and the stone method of the ethylene and the stone was 175 yuan/ton, an increase of 33 yuan/ton from the end of the last month, and the spread was still at a historical low.