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It is difficult to improve just before the festival PVC upside is limited

 Last Update: 2023-02-01
 Source: Internet
 Author: User

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As of January 9, PVC supply continued to increase; Exports continue; Domestic downstream just need to resist high prices, and the willingness to stock up before the holiday is not high; Sample warehouse inventories continue to increase; Approaching the Spring Festival, it is difficult to improve
.

PVC

Futures market: as of January 9, the main PVC closed at 6367 yuan / ton (-0.
31%); Top 20 main long positions: 416728 (-3203) Short positions: 489472 (+23244).

Spot: as of January 9 East China (calcium carbide method) quotation: 6180 yuan / ton (+20); South China (calcium carbide method) quotation: 6275 yuan / ton (+15).

Blue charcoal: As of January 9, Shaanxi 1366 yuan / ton (0).

calcium carbide: as of January 9, North China 4155 yuan / ton (+25).

Opinion: At present, PVC is still in the
game pattern between "strong expectations" and "weak reality".
Specifically, it may be gradually falsified
by the economic recovery and PVC demand after the Spring Festival.
In the short term, although there are economic expectations and export support, its own fundamentals are weak, and it is feared that the upside is limited
.
Remain cautious about the strength and high level of PVC rebound
.
It is recommended to wait and see
.

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