Industry News

The operating rate of PVC production enterprises at 70.71% after the festival, down 3.99% from last week and 14.03% year-on-year. However, due to the impact of transport constraints and weak downstream demand, PVC social inventory increased by 68.42% , 8.83% less than last year.

 After the Lantern Festival, downstream enterprises ratio of return to work is still not high, many areas issued notice, all new construction and onstruction sites starting resume time needs to be delayed. Therefore, most of the downstream enterprises have not set a start-up time and weak readiness. Currently in PVC demand slack season, downstream demand is insufficient, coupled with downstream start-up needs to be delayed, is expected to suppress the lower demand for PVC prices.