Guojin Securities: The domestic expansion cycle of PVC is entering its final stages, and the supply-demand situation is expected to improve.

Guojin Securities research report indicates that considering the current overall significant losses facing the domestic PVC industry, coupled with the cancellation of export tax rebates and the accelerated clearance of high-cost small and medium-sized production capacity in some regions, the supply and demand situation is expected to marginally improve. Therefore, the future PVC prices and industry profitability are expected to gradually recover. It is recommended to focus on relevant companies in the PVC industry with large production capacities and integrated industrial chain layout.