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    Home > Chemicals Industry > New Chemical Materials > Fundamentals have not changed much, PVC lacks upward drive

    Fundamentals have not changed much, PVC lacks upward drive

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Futures market: as of 7.
    27, the main PVC closed at 6565 yuan / ton (+0.
    15%); Top 20 main long positions: 326747 (-5538), short positions: 340918 (-20365), net short positions: 14171 (-13948).

    PVC

    Spot: as of 7.
    27 East China (calcium carbide method) quotation: 6550 yuan / ton (0); South China (calcium carbide method) quotation: 6655 yuan / ton (0)

    Blue charcoal: as of 7.
    27 days Shaanxi 1418 yuan / ton (0).

    calcium carbide: as of 7.
    27 North China 4160 yuan / ton (0).

    PVC price operation is still in the stage of technical rebound, its own fundamental situation has not changed much, combined with the overall commodity market, the early pessimistic expectations or a certain release
    .
    The market is closely watching the Fed's rate hike this week, waiting for the market performance to assess the overall market
    after the rate hike hammer lands.
    On the whole, we maintain a "bottom shock" view of PVC prices for the time being
    .

    Overall, from the overall commodity market atmosphere, the early bearish atmosphere has been initially alleviated; However, at present, the PVC fundamental data has not changed much, and there is no upward drive
    .
    From the perspective of demand, terminal inventory remained at a low level, and the enthusiasm for replenishment did not improve
    significantly.

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