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    Home > Chemicals Industry > New Chemical Materials > Fundamentals long and short intertwined PVC prices remain range-bound

    Fundamentals long and short intertwined PVC prices remain range-bound

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    On Monday, the PVCV2101 contract increased its position downward in the afternoon, closing at 6550 on the day, -75 yuan from the previous trading day; Volume 135603 lots, open position 195495 lots, +2757, basis -25
    .

    PVC

    News: 1.
    Longzhong Information: As of the end of last week, domestic PVC social inventory increased by 2.
    46% month-on-month, 10.
    94% year-on-year, as far as East China was concerned, it increased by 2.
    72% month-on-month and 11.
    16% year-on-year, and South China increased by 1.
    00% month-on-month and 9.
    73%
    year-on-year.
    East China stocks are 230,100 tons, South China 40,600 tons
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 6610 yuan / ton, -20
    .
    Warehouse receipt inventory: 4461 warehouse receipts, +138
    .

    Main positions: Top 20 long positions 137537, +5427, short positions 143778, +1493
    .
    Reduced
    headroom.

    Summary: Short-term crude oil prices are weakly adjusted, and PVC social inventories have rebounded slightly, limiting the price rebound
    .
    In the middle and late months, new installations are scheduled to be put into production, and it is expected that the supply will gradually increase
    in the later period.
    The increase in the operating rate of PVC downstream enterprises shows that downstream demand has recovered well, and it also has some support
    for prices.
    Short-term fundamentals are intertwined, and prices are expected to remain range-bound
    .
    The operation focuses on support around 6450 and pressure around 6700 above, and it is recommended to trade
    in the 6450-6700 range.

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