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    Home > Chemicals Industry > New Chemical Materials > Market panic eases PVC main force narrow finishing

    Market panic eases PVC main force narrow finishing

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Tuesday, the PVC main V2005 contract was sorted out in a narrow range, closing at 6295 yuan / ton, -5 yuan from the previous trading day; Volume 62104 lots, -18940 lots; Position 194064 lots, +698 lots, basis 55 yuan, +5 yuan; 5-9 spreads - 95 yuan, +5 yuan
    .

    PVC

    News: Last week, the profit of calcium carbide PVC enterprises in the calcium carbide method fell by 390 yuan / ton compared with last week, and the cost of calcium carbide rose and the profit fell
    .
    The cost of ethylene PVC enterprises was flat from last week, and the profit was stable
    from last week.

    Spot market: Qilu Chemical City PVC market narrow downward, the price from the previous day down 20-70 yuan / ton, calcium carbide 5 type price in 6490 yuan / ton, ethylene Qilu S1000 price in 6650 yuan / ton, S700 price in 6750 yuan / ton, inquiries are rare, the market is relatively light
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 4755 lots, intraday -0 lots
    .
    Main position: The top 20 long positions in the main contract are 144338 lots, +935 lots, short positions are 133810 lots, -586 lots, and net positions are 10528 lots, net long increases
    .

    Summary: The introduction of domestic stimulus policies has weakened the market panic, and the operating rate of PVC manufacturers has fallen after the holiday, indicating that production enterprises have significantly reduced production
    .
    However, due to the impact of transportation restrictions and sluggish downstream demand, PVC social inventory increased by 29.
    63% month-on-month and decreased by 6.
    91%
    year-on-year.
    In terms of demand, after the Lantern Festival, the resumption rate of downstream enterprises is still not high, and some real estate enterprises will not be able to resume work until February 20 due to local government policy restrictions; The resumption time of individual real estate enterprises has not yet been determined, and the resumption time is arranged
    according to the changes of the epidemic.
    Therefore, the willingness of downstream enterprises to stock goods is weak
    .
    At present, it is in the off-season of PVC demand, downstream demand is insufficient, coupled with the need to delay the start of downstream construction, it is expected that the sluggish downstream demand will inhibit the price of
    PVC.
    Investors are advised to wait and see for the time being
    .

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