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Inventories remain high PVC futures prices are weak and volatile

 Last Update: 2023-01-04
 Source: Internet
 Author: User

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light pressure

pvc supply

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As of 11.
21, PVC futures prices were weak and volatile
.
Inventories remain high; Increased plant operating rates; Production margins were slightly repaired; The price of raw calcium carbide is partially adjusted, and the overall change is not large; weak downstream demand; The transaction on the spot side was light, and the confidence of participants was insufficient
.

PVC

Futures market: as of 11.
21, the main force of PVC closed at 5815 yuan / ton (-0.
77%); Top 20 main long positions: 400103 (-7635) Short positions: 394096 (-14377); Net long position: 6007 (+8946).

Spot: as of 11: 21st East China (calcium carbide method) quotation: 5870 yuan / ton (-30); South China (calcium carbide method) quotation: 6005 yuan / ton (-15).

Blue charcoal: as of 11.
21, Shaanxi 1534 yuan / ton (0).

calcium carbide: as of 11.
21, North China 3990 yuan / ton (0).

Viewpoint: PVC supply side changes are not obvious and there is an expectation of rising starts, demand side consumption is sluggish, it is difficult to start destocking
.
Although domestic policies have improved, it will take time for policy transmission to be
transmitted.
PVC is basically weak and difficult to change
.
The gradual increase in supply in the later period and the arrival of the off-season are fearing greater pressure above the PVC futures price
.

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