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Domestic social inventory of PVC is higher than the same period last year. And into the middle and late October, PVC new installations have a production plan, it is expected that the late supply will gradually increase to form a certain pressure on prices.01
Recently, Thailand, Vietnam and other Southeast Asian rubber-producing areas have been fall rain, which is an important incentive for the current round of rubber prices.02
During the period from Mid-July to Mid-September, the market price of PVC in east China maintained the trend of the box for nearly two months.03
This round of rising mainly by futures due to demand improved and tight supply, as well as cost increases and other positive impetus. Mainstream enterprises raised about 50-170 yuan, to Inner Mongolia Yihua as an example, 6,680 yuan per ton before national holiday.04
Although the import dependence of China's NBR decreased from nearly 40% in 2015 to over 31% in 2019, the cumulative import volume of China's NBR has also increased significantly since 2020, from January to July 2020, China imported about 53,000 tonnes of nitrile rubber, an increase of nearly 13 percent year-on-year.05
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