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Short-term PVC supply and demand remain deadlocked
Short-term PVC supply and demand remain deadlocked. Due to increased expectations of tight ethylene supply, ethylene-based producers may plan to reduce their long-term production capacity. Meanwhile, calcium carbide-based producers have slightly increased their operating rates. The rising costs are supporting PVC prices at the bottom. In the short term, high energy prices cause fluctuations in the market sentiment. It is expected that until the situation reverses, PVC spot market prices will remain above the cost line with fluctuations, still affected by energy volatility. (Longzhong Information)