Falling PVC Inventory in East China with Cargoes Clued for Unloading
Preface
PVC inventory in East China and South China warehouses declined, but that at PVC producers increased a little due to the decreasing presales.
PVC market prices fluctuated at highs in the week. Inventory in East China remained in a downtrend with stable rigid demand, while that in South China inched up.
As of August 6, PVC inventory at sample warehouses in East China was 93.8kt, down 6.04% W-O-W and down 58.68% Y-O-Y. PVC inventory at sample warehouses in South China was 24.95kt, up 7.78% W-O-W but down 34.34% Y-O-Y. That in East China and South China totaled 118.75kt, down 3.42% W-O-W and down 55.36% Y-O-Y.
East China saw a decline in inventory because more deals were mainly based on spot pricing with the futures prices falling earlier this week and the unloading of cargoes was impeded by the rainstorm in Henan Province.
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