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    Home > Chemicals Industry > New Chemical Materials > PVC futures price low volatility pay attention to the support below

    PVC futures price low volatility pay attention to the support below

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Thursday, the PVC V2105 contract reduced its position, and the futures price fluctuated at a low level, closing at 8870 yuan on the day, -140 yuan from the previous trading day; Volume 336334 lots, position 257743 lots, -14767, basis 60
    .

    PVC

    News: 1.
    As of the week of April 8, the United States and Asian PVC continued to maintain a high volatility pattern, CFR China, CFR Southeast Asia and CFR India prices were reported at $1440, $1560 and $1660 respectively, all unchanged
    from the previous week.
    FAS Houston was trading at $1,800, unchanged
    from the previous week.
    European markets continued to move higher, with FD Northwest Europe trading at $1635, up $40 from the previous week
    .
    2.
    The impact of the "dual control" of energy consumption in the Ulanqab area in April has weakened, but in recent days, due to the lack of power supply, there has been a power rationing phenomenon, and the supply has contracted, but it is not as low as the reduction in March
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 8930 yuan / ton, -70
    .

    Warehouse receipt inventory: 1364 warehouse receipts, +600 sheets
    .
    Main positions: Top 20 long positions 191083, -4617, short positions 168776, -13230
    .
    Net increase
    .

    Summary: The United States, Europe, Japan and South Korea have all installed parking, overseas supply is still tight, and prices remain firm
    .
    Formosa Plastics' increase in April shipping schedule quotations also supported prices
    .
    Domestic: the operating rate of domestic PVC downstream products enterprises has increased slightly, the terminal orders of pipe, floor and cable factories are good, and the overall operation of products enterprises in this field is still at a high level
    .
    Domestic social inventories continue to decrease, and the inventories of production enterprises are low, indicating that their pressure is not great
    .
    Inner Mongolia has issued a new policy to eliminate backward production capacity, but at present, it has little impact on calcium carbide, and the future market still needs to pay attention to the later development
    of the new policy.
    In terms of operation, it is recommended that investors reduce their holdings at high prices and drop their pockets
    .

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