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February 22 PVC morning review

 Last Update: 2022-12-04
 Source: Internet
 Author: User

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high pressure grease

ethylene

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Today, the domestic PVC market continues to be flat, most downstream continue to digest inventory, procurement enthusiasm is not good, and the overall market volume is low
.
At the same time, affected by the sharp decline in the PVC market in the futures market, the market holding merchants have a poor mentality, and the spot quotation continues to fall
.
It is expected that there is still room for the market to fall tomorrow
.

PVC

Upstream raw materials: Asian ethylene market prices rose, CFR Northeast Asia rose 15 US dollars / ton to close at 1389.
5-1391.
5 US dollars / ton, CFR Southeast Asia closed steadily at 1149.
5-1151.
5 US dollars / ton
.
At present, calcium carbide factories are mainly actively shipped, and the price is
both high and low.
Factory price of calcium carbide in various places: 2420-2500 yuan / ton in Wuhai and Ordos areas of Inner Mongolia; Ningxia Shizuishan area 2450-2550 yuan / ton; Zhongwei area 2550-2600 yuan / ton; Shaanxi area 2450-2550 yuan / ton; Gansu area 2600-2700 yuan / ton
.

At present, the downstream demand for PVC is less than expected, some operators said that there are still some downstream unstarted, and the inventory of downstream merchants is high, and the follow-up of product orders is insufficient, resulting in the overall inventory is difficult to digest, inventory pressure is accumulating, and price correction has become an inevitable trend
.
Ethylene PVC orders are also not good, traders narrow margin shipments, tomorrow there is still a downward possibility, but ethylene PVC enterprises inventory is low, temporarily no intention
to reduce the price of shipments.

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