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PVC closed sharply lower The overall supply and demand pressure of the market is greater

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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The PVC V2105 contract closed sharply lower on Monday, closing at 6940 yuan on the day, -155 yuan from the previous trading day; Volume 392481 lot, position volume 391764 lot, +2271, basis 250
.

PVC

News: 1.
This week's social inventory increased by 32.
21% compared with last week and 8.
10% year-on-year; Among them, East China increased by 35.
87% month-on-month and 14.
30% year-on-year; South China increased by 14.
85% month-on-month and decreased by 17.
14%
year-on-year.
East China 130,300 tons, South China 23,200 tons
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 7150 yuan / ton, -150
.

Warehouse receipt inventory: 8001 warehouse receipts, +0 sheets
.
Main positions: Top 20 long positions 304088, +5612, short positions 271263, -2794
.
Net increase
.

Summary: The power rationing policy was lifted, and calcium carbide production began to recover, but the overall recovery was still insufficient, and short-term calcium carbide stabilized operation
.
PVC plant maintenance has decreased, the operating rate has rebounded significantly, and the market supply has also increased
.
This week's social inventory increased by 32.
21% month-on-month and 8.
10%
year-on-year.
Downstream demand has not changed much, but with the approach of the Spring Festival and public health events, downstream may stop work early for holidays
.
The overall supply and demand pressure is greater
.
The PVC2105 contract focuses on the pressure around 7100 in the short term, and it is recommended to sell short at
the high.

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