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On the first trading day after returning from the holiday, stimulated by the news, the coal sector rose collectively, PVC futures opened high and went high, the center of gravity actively rose, successfully broke through the 8500 mark pressure level, the highest touched 8636, a new high in nearly a month, and the market rose and fell
interactively.
Overnight, the futures price rushed back down
.
Boosted by the sharp rise in futures, the mentality of market participants improved, the atmosphere of the domestic PVC spot market improved, the trading activity increased, and the spot price rose significantly
.
Enterprises in the main producing areas of the northwest still have certain pre-sales, and the ex-factory quotations are narrowly raised, and active shipments are the mainstay
.
The ex-factory price of upstream calcium carbide is stable, and the downstream purchase price has decreased
in some areas.
The distribution of calcium carbide supply is uneven, the shipment of calcium carbide factory is normal, there is no inventory pressure, the market wait-and-see mood is strong, and the cost side does not change much
.
The level of PVC industry operation increased narrowly, and the new maintenance enterprises were only Suzhou Huasu, with an overall start of 77.
24%.
In the later stage, the company has no maintenance plan, most of the equipment runs smoothly, and with the increase in the level of operation, PVC production will increase
.
The enthusiasm of the downstream market is not high, maintaining the rhythm of just needed procurement, the quotation of the holder is adjusted upward, and the actual center of gravity of the negotiation is rising
.
As futures prices rise, the point price supply advantage disappears
.
Market demand is difficult to improve, the recognition of the current price is not high, and there is no intention
to stock up for the time being.
The industry still has a fear of falling, the operation is cautious, and the inventory of raw materials is basically maintained at a low level
.
Demand in the northern region is affected by seasonal factors, coupled with the approaching end of the year, the support of PVC demand is weak
.
The market arrival was stable, and the social inventory in East and South China increased narrowly to 127,400 tons, and the accumulation rate was relatively slow
.
The fundamentals are relatively stable, short-term in the news and sentiment driven, PVC futures prices still have the possibility of soaring, the upper temporarily pay attention to the resistance around 8850, the low number can be reduced at the high amount, should not be overly chased
.
