Macroeconomics 1. [US Consumer Confidence Index] A survey by The Conference Board shows that the US Consumer Confidence Index rose significantly by 7.5 points to 91.7

Macroeconomics 1. [Revisions to SSE Indices] On October 26, the Shanghai Stock Exchange (SSE) will implement revised compilation methodologies for the SSE series of composite indices.

The domestic PVC market experienced a volatile upward trend this week. Spot price levels shifted higher, while futures prices tracked the broader energy and chemical

Macroeconomics 1. [Electricity Consumption] Data from the National Energy Administration shows that in September, total electricity consumption across society reached 899.7 billion kWh, an increase of

Calcium carbide prices may stabilize temporarily, while ethylene prices remain high, providing continued cost support for PVC resin. The overall operating rate for PVC resin

Rising prices for semi-coke (raw material) have provided relatively strong cost support for PVC resin. The overall operating rate for PVC resin currently stands at

The domestic PVC market is currently characterized by a volatile pattern of "weak fundamentals and low valuations." Price rebounds in the short term remain limited

Macroeconomics 1. [Electricity Consumption] National Energy Administration: In August 2026, total electricity consumption across society once again exceeded the one-trillion-kilowatt-hour mark, reaching 1.0332 trillion kWh—a year-on-year

This week, both domestic PVC futures and spot markets weakened, with prices fluctuating downward. A strong wait-and-see sentiment prevailed, and overall trading volume was sluggish.

Overall, this round of PVC rebound is a phasic recovery driven by the resonance of multiple external positive factors, rather than a reversal of fundamentals.

Recently, high levels of PVC social inventory have begun to decline, driving a short-term strengthening of prices. However, it is important to note that the

Macroeconomics 1. [Reverse Repo] To maintain ample liquidity in the banking system, the People's Bank of China (PBOC) will conduct outright reverse repo operations totaling 500

On September 4, PVC prices in the Asian market saw increases in certain regions. CFR China PVC spot offers rose by $30 to $840/tonne, while

I. Price Trends The PVC market continued its downward trend last week. Futures prices remained weak throughout the week, while spot market fluctuations were limited; mainstream

As of August 28, 2026, the composite benchmark price for carbide-process SG-5 PVC (tracked by SunSirs) stood at 4,378 RMB/tonne, down from 4,465 RMB/tonne on

On August 25, the PVC spot market continued to exhibit a pattern of weak fluctuation. Quotes in the Linyi and Zibo regions saw narrow adjustments.

The PVC market saw an initial rise followed by a decline last week; futures rebounded mid-week but fell back by the weekend, while the spot

Background: On August 18, India's Directorate General of Trade Remedies (DGTR) issued a notification initiating a countervailing duty investigation into imports of suspension-grade PVC resin

On August  19, PVC spot prices showed a fluctuating trend. SunSirs' average spread indicator flashed a warning signal of price resilience (bullish bias). When considering