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    Home > Chemicals Industry > New Chemical Materials > Market sentiment is temporarily weak, and PVC futures prices are down

    Market sentiment is temporarily weak, and PVC futures prices are down

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    As of 9.
    19, PVC futures prices were weak to the downside
    .
    Raw material prices weakened, supply-side production increased, and inventories increased; It is difficult for short-term downstream product enterprises to improve, the spot market continues to be weak, and some low-price transactions are
    acceptable.

    PVC

    Futures market: as of 9.
    19, the main PVC closed at 6156 yuan / ton, down 1.
    94% from the previous month; Top 20 main long positions: 367651 (+46195), short positions: 442713 (+45676), net short positions: 75062 (-365).

    Spot and enterprise dynamics: as of 9.
    13, East China (calcium carbide method) quotation: 6380 yuan / ton (-20); South China (calcium carbide method) quotation: 6490 yuan / ton (-25); Lutai Chemical's 360,000-ton PVC plant started about 60%, and the price followed the market; Type 5 factory report 6400 yuan / ton spot exchange; Ningxia Yinglite's 120,000-ton PVC5 unit began maintenance on September 13 and was completed on September 19; On September 19, the overhaul of the Type 3 unit began, and the quotation was stable
    during the day.
    Type 5 calcium carbide acceptance factory quotation is 6200 yuan / ton
    .

    Basis: South China basis +334 as of 9.
    19; East China basis +224; basis strengthening
    .
    Upstream raw materials: as of 9.
    19, the quotation of North China calcium carbide was 4060 yuan / ton, down 15 yuan / ton from the previous day; Shaanxi Lanchar quoted 1436 yuan / ton, no change
    from the previous day's price.

    At present, the fundamentals of PVC are relatively calm, still in the "weak supply and demand" stage, on the one hand, the supply-side device restarts, the PVC operating rate increases slightly and there are fewer maintenance enterprises this week, and the maintenance loss has decreased compared with the previous period; On the other hand, although the downstream product industry has improved slightly, the overall demand has not shown obvious highlights
    .
    Spot goods are still dominated
    by "on-demand purchases".
    Although real estate policies such as "guaranteeing the delivery of buildings" have been introduced, it is expected that the boost may be limited
    .

    Peripheral macro risks continue, the transmission of domestic real estate policies still needs time, and market sentiment is temporarily weak
    .
    From a fundamental point of view, PVC inventory pressure still exists, in the context of increased supply and insufficient demand expectations, PVC short-term or continued weak shock, currently mainly wait-and-see
    .

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