PVC futures price low volatility affected by the weather, demand may decrease

News: 1.
Recently, a number of petrochemical construction projects in North America have been adjusted
.
The pandemic has changed the investment climate
for chemicals in North America.
Projects that broke ground before the pandemic have largely recovered after a pause, while some projects in development have been slow.

Including ExxonMobil's joint venture with SABIC (GCGV), Shell Chemical, Borealis, Nova Chemical, Formosa Plastics.
.
.
and many other enterprises have delayed or suspended
their installations to varying degrees.
2.
New report on the purchase price in the northeast region within the day: the purchase price of Shenyang Chemical is reported at 4205 yuan / ton; The purchase price of Hangjin Technology was 4280 yuan / ton; The purchase price of Heilongjiang Haohua was reported at 4340 yuan / ton, and the arrival situation was general.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 7350 yuan / ton, -100
.

Warehouse receipt inventory: 5821 warehouse receipts, +0 sheets
.
Main positions: Top 20 long positions 268790, +7897, short positions 237386, +7934
.
Net excess decrease
.

Summary: PVC prices in Asia remain firm, and the strong trend of domestic calcium carbide prices supports PVC prices
.
However, after entering December, the maintenance of PVC equipment has decreased, the operating rate has rebounded significantly, and the market supply has also increased
.
Affected by the power rationing policies in various places, the overall operating rate of domestic PVC downstream products enterprises this week has decreased steadily, and the general mentality is not good
.
The operating rate of sample PVC profile products enterprises decreased
significantly.
PVC pipe products enterprises maintain low-load operation
.
Some plants in the northern downstream continued to reduce production or even stop production
due to cold weather.
PVC inventories have been accumulated for four consecutive weeks, and the supply-demand relationship may change
in the later period as the weather turns cold, downstream enterprises stop work and the 1.
2 million tons of new production capacity that has been put into operation and resumed production is gradually increased.
At present, PVC prices are in the historical high area, resulting in downstream losses, the willingness of enterprises to accept orders has declined, and the operating rate has also declined, most of which maintain low-load operation, resulting in a decrease
in demand in the later stage.
In operation, investors can set the take profit for short orders in their hands and hold
them cautiously.