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    Home > Chemicals Industry > New Chemical Materials > PVC contracts reduced positions to the upside, and prices maintained range fluctuations

    PVC contracts reduced positions to the upside, and prices maintained range fluctuations

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    On Wednesday, the PVC V2101 contract reduced its position to the upside, closing at 6585 on the day, +30 yuan from the previous trading day; Volume 126156 lots, open position 190384 lots, -4034, basis +35
    .

    PVC

    News: 1.
    Longzhong Information: As of the end of last week, domestic PVC social inventory increased by 2.
    46% month-on-month, 10.
    94% year-on-year, as far as East China was concerned, it increased by 2.
    72% month-on-month and 11.
    16% year-on-year, and South China increased by 1.
    00% month-on-month and 9.
    73%
    year-on-year.
    East China stocks are 230,100 tons, South China 40,600 tons
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 6620 yuan / ton, +40
    .
    Warehouse receipt inventory: 4421 warehouse receipts, +0
    .

    Main positions: Top 20 long positions 134554, -779, short positions 139301, -2495
    .

    Summary: The rebound of crude oil boosted the chemical market, and the operating rate of PVC downstream enterprises increased, indicating that downstream demand recovered well, which also supported the price to a certain extent
    .
    However, PVC social inventory has rebounded slightly, and new installations are planned to be put into production in the middle and late months, and it is expected that the supply will gradually increase
    in the later period.
    Short-term fundamentals are intertwined, and prices are expected to remain range-bound
    .
    The operation focuses on support around 6500 above and below, pressure around 6700 above, and it is recommended to trade
    in the 6500-6700 range.

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