From January to May 2022, my country imported a total of 31,700 tons of paste resin, a decrease of 26.05% compared with the same period last year. From January to May, China exported a total of 36,700 tons of paste resin, an increase of 58.91% compared with the same period last year. The analysis believes that the oversupply in the market has led to the continuous decline of the market, and the cost advantage in foreign trade has become prominent. Paste resin manufacturers are also actively seeking exports to ease the supply and demand relationship in the domestic market. The monthly export volume has reached a peak in recent years.

Weekly social inventory increased slightly, with sample inventory of 341100 tons, an increase of 5600 tons month on month, including 292400 tons in East China, an increase of 3400 tons month on month, and 48700 tons in South China, an increase of 2200 tons month on month. According to market news, petkim's annual production capacity of 157000 tons of PVC in Turkey on July 1 was stopped due to force majeure. At present, V supply is under centralized maintenance, export delivery is stable, social inventory continues to accumulate slightly, domestic demand has not improved for the time being, the market resonates with pessimism, and follow-up attention is paid to the downstream recovery.

Petkim, a Turkish petrochemical giant, announced that on the evening of June 19, 2022, an explosion occurred at the Aliaga plant. According to the company, the accident occurred in the PVC reactor of the factory, the PVC device was temporarily offline due to the accident. According to local analysts, the event may have a great impact on the European PVC spot market. It is reported that because the PVC price in China is far lower than that of Turkey, and on the other hand, the PVC spot price in Europe is higher than that of Turkey, most of petkim's PVC products are exported to the European market.

On June 28, the epidemic prevention and control policy slowed down, the commodity market generally rebounded, and the spot prices in all parts of the country improved. In terms of fundamentals, the price of crude oil fell sharply, and the price of calcium carbide continued to fall, and the margin of PVC cost side support weakened. Under the background of PVC undervaluation and profit, if the industry continues to suffer losses, the start-up load may be restrained, and the start-up of PVC itself is also falling at a high level driven by maintenance, and the market will still receive support from the supply side in the short term.