Higher PVC Inventory with Increasing Arrivals of Cargoes
PVC market prices spiraled in the week, and downstream buyers purchased basically to cover the rigid demand. East China and South China inventories saw a slight increase with stable arrivals of PVC.
As of December 31, PVC inventory at sample warehouses in East China was 100.3kt, up 5.03% W-O-W but down 0.3% Y-O-Y. PVC inventory at sample warehouses in South China was 27.1kt, down 11.44% W-O-W but up 85.62% Y-O-Y. That in East China and South China totaled 127.4kt, up 1.03% W-O-W and up 10.59% Y-O-Y.
Suzhou Huasu Plastics arranged maintenance in the week. The weekly output loss caused by the maintenance decreased by 0.84kt W-O-W to 27.93kt. The output loss caused by maintenance is expected to continue dropping without maintenance plans next week.
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