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After the holiday, various varieties of the commodity market have successively launched a rebound pace, from the perspective of market performance, bulls took turns to speculate, and the emotional price was obvious
.
On the last trading day of this week, the market style has switched, intraday sentiment has turned around, many varieties have seen a clear downward market, and among them, PVC has also seen an intraday decline
.
As of the close on Friday, February 11, 2022, PVC main futures 2205 were at 9070, down 1.
42%.
From the perspective of PVC demand, according to relevant data, most of the current downstream factories have not yet started, PVC rigid demand has not yet recovered, in comparison, mostly post-holiday production stocks, so the actual transaction volume of spot is limited, and there is still resistance
to high-priced source transactions.
In addition, PVC exports will remain high in January, and external demand will have
a certain pull.
Others, January downstream continued to just need to purchase, traders before the holiday stock is limited, January near the Spring Festival downstream products enterprises start to a new low in the year, traders on the Spring Festival after the market has differences, at present, PVC demand side has no obvious pulling factors, later to pay attention to the price short-term rise may bring down risk
.
In terms of inventory, PVC after the holiday to early March may still be in the accumulation stage, and considering that the two weeks during the Spring Festival are the lowest time for downstream construction to start in the year, it takes a certain amount of time for the relevant downstream start to return to the normal level, and the accumulation expectation in the first quarter is still year-on-year, so in terms of inventory, the support of the current PVC plate should not be overly optimistic
.
In the short term, due to the pressure brought about by the increase in supply side starts, the demand force is not obvious, and the two-way joint impact is not good
.
And the inventory is also expected to accumulate in the future, so the price has a certain risk
of falling.
