GLENOHU October 22nd 丨ST Zhongtai (002092.SZ) stated at an investor relations event that currently pvc fundamentals are in a deadlock, with limited upstream maintenance scale, market supply remaining high, domestic demand mainly recovering after the holiday, raw material inventory of product enterprises is still acceptable, forward orders for hard products are performing poorly, short-term deadlock due to factors such as shipping costs and prices affecting external exports, primarily based on pre-delivery futures, supply and demand under pressure; short-term policy shows weak adjustment in the range.