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    Home > Chemicals Industry > New Chemical Materials > PVC contract shrinkage and position reduction, futures price narrow range

    PVC contract shrinkage and position reduction, futures price narrow range

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Monday, the PVC V2105 contract reduced its position, and the futures price was narrowly sorted, closing at 7640 yuan on the day, +35 yuan from the previous trading day; Volume 251532 lots, open position 378181 lots, -3519, basis -140
    .

    PVC

    News: 1.
    Affected by the approaching Spring Festival holiday, some downstream factories have stopped work for the holiday, demand has decreased, and logistics have been blocked during the Spring Festival holiday
    .
    As of the week of February 5, the total outbound volume of 24 PVC manufacturers decreased by 15.
    22%
    month-on-month.
    2.
    The total output of 24 production enterprises increased by 8.
    57% compared with last week, mainly due to the fact that Shandong Xinfa and Ningxia Jinyuyuan resumed normal driving, which led to a sharp increase
    in the operating rate.
    2.
    Longzhong Information reported on February 08: Styrene social inventory increased by 13.
    05% month-on-month and decreased by 50.
    32% year-on-year last week; Among them, East China increased by 12.
    44% month-on-month and decreased by 49.
    58% year-on-year; South China increased by 15.
    24% month-on-month and decreased by 52.
    75%
    year-on-year.
    East China 131,100 tons, South China 37,800 tons
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 7500 yuan / ton, +0
    .

    Warehouse receipt inventory: 8067 warehouse receipts, -0 receipts
    .
    Main positions: Top 20 long positions 272754, -908, short positions 272878, -2754
    .
    Reduced
    headroom.

    Summary: PVC plant maintenance has decreased, the operating rate of Gulf Chemical and production enterprises has increased, and market supply has increased
    .
    With the approach of the Spring Festival and the impact of public health events, the operating rate of downstream enterprises has declined, and the enthusiasm of production enterprises to take goods has also weakened
    .
    However, last week, social inventory continued to decrease by 0.
    48% month-on-month and 23.
    47% year-on-year, indicating that the market supply pressure is not large, and Formosa's increase in March selling price also formed a certain support
    for prices.
    In terms of operation, it is recommended that investors can set a take profit in their hands and hold
    them cautiously.

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