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Demand continues to be weak PVC social inventories remain high

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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As of 11.
2, PVC futures prices rebounded
.
Increased supply-side production cuts; The ex-factory price of calcium carbide has been reduced in some areas; PVC manufacturers are facing greater loss pressure; The spot market is boosted with futures; The futures basis converges
from the previous period.

PVC

Futures market: as of 11.
2 days, the main force of PVC closed at 5782 yuan / ton (+1.
03%); Top 20 main long positions: 463203 (-17880) Short positions: 497397 (-28750); Net short position: 341944 (-11697).

Spot: as of 11.
1 East China (calcium carbide method) quotation: 5870 yuan / ton (+40); South China (calcium carbide method) quotation: 5950 yuan / ton (+40).

Blue charcoal: As of 11.
2 days, Shaanxi 1576 yuan / ton (0).

calcium carbide: as of 11.
2 days North China 4240 yuan / ton (-10).

Driven by market sentiment, commodity sentiment generally picked up
.
PVC futures gradually stopped falling, and the market reduced positions to the upside
.
From the perspective of raw calcium carbide, due to the loss of the downstream PVC industry and the production reduction, weak demand has led to a drag on the price of calcium carbide; PVC manufacturers have raised their quotations with the rebound of futures prices, and orders are acceptable; Demand continues to be weak, and participants remain cautious
.
PVC social inventory remains high
.

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