echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PVC fell slightly Downstream rigid demand is still there

    PVC fell slightly Downstream rigid demand is still there

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    The PVC 2009 contract fell slightly on Tuesday, closing at 6665 yuan / ton, -5 yuan from the previous trading day; Volume 192943 lots, -87230 lots; Position 190088 lots, -3317 lots, basis 35 yuan, +105 yuan; 9-1 spread 200 yuan, -10 yuan
    .

    PVC

    News: The operating rate of PVC production enterprises last week was 77.
    92%, up 0.
    68% month-on-month, down 2.
    51% year-on-year, of which calcium carbide method started 77.
    98% this week, an increase of 0.
    51% month-on-month, and a year-on-year decrease of 2.
    86%; The ethylene process was 77.
    63%, an increase of 1.
    50% month-on-month and a year-on-year decrease of 0.
    90%.

    Affected by the maintenance of the device, the August shipping schedule quotation of Taiwan Plastics rose by 10 US dollars / ton, CIF India at 860 US dollars / ton, CIF China / Southeast Asia at 810 US dollars / ton, FOB Taiwan at 780 US dollars / ton, and more than 500 tons of preferential treatment was canceled
    .

    Spot market: the mainstream quotation of PVC market in Hangzhou market was raised by 20 yuan / ton, the mainstream quotation was 6650-6720 yuan / ton, Sanlian 6650 yuan / ton, Yihua 6670 yuan / ton, Jintai 6720 yuan / ton, Zhongtai 6680 yuan / ton, Tianye 6700 yuan / ton, Tianye type 8 6950 yuan / ton, Tianye type 3 7050 yuan / ton, Beiyuan 6700 yuan / ton, Beiyuan 3/8 type 6850 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 429 lots, intraday -0 lots
    .
    Main position: the top 20 long positions in the main contract are 126486 lots, -2070 lots, short positions are 133763 lots, +1004 lots, net positions are -7277 lots, net short increases
    .

    Summary: Asian demand is basically stable, and Formosa Plastics raised its quotation in August to support
    PVC.
    Domestically, the maintenance of domestic production enterprises continued
    .
    Market supply is expected to increase
    .
    On the demand side, in April, the domestic real estate market rebounded slightly, while the infrastructure industry also boosted the demand for
    PVC to a certain extent.
    In May, the apparent demand for PVC increased year-on-year and was higher than the same period last year, indicating that downstream rigid demand is still there
    .
    Social inventories have shown signs of accelerating their decline, and have now returned to below the level of the same period last year, indicating that PVC downstream demand has recovered well, supporting the price of PVC
    .
    Operationally, investors can set a take profit in their hands and hold
    them cautiously.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.