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    Home > Chemicals Industry > New Chemical Materials > PVC futures price narrow range finishing after the market to pay attention to the 8790 first-line pressure

    PVC futures price narrow range finishing after the market to pay attention to the 8790 first-line pressure

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Wednesday, the PVC V2109 contract contracted and increased positions, and the futures price was narrowly sorted, closing at 8695 on the day, +25 yuan from the previous trading day; Volume 390966 lots, position volume 403505 lots, +4071, basis 405
    .

    PVC

    News: 1.
    The operating rate in the first half of 2021 has also increased significantly compared with 2019, and the average operating rate in the first half of the year is 82.
    90%.

    China's PVC output is estimated at 11.
    4638 million tons, an increase of 15.
    17%
    over the same period last year.
    PVC production has increased significantly
    .
    In the second half of the year, the reduction of PVC maintenance enterprises, coupled with some new production capacity still put on the market, it is expected that the supply of PVC will remain high
    .
    2.
    The price of vinyl chloride in Asia rose slightly this week, and CFR Far East/Southeast Asia was quoted at $1080 / ton, up $30 from the previous week
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9100 yuan / ton, +50
    .

    Warehouse receipt inventory: 2185 warehouse receipts, -200 sheets
    .
    Main positions: Top 20 long positions 276162, +4752, short positions 258552, +3143
    .
    Net increase
    .

    Summary: Last week, PVC operating rates continued to rise slightly year-on-year, and market supply increased
    .
    At present, the large-scale maintenance of PVC production enterprises has ended, and there are fewer maintenance enterprises in the later stage, and the operating rate of the PVC industry as a whole shows a rebound trend
    .
    The start of PVC downstream products enterprises is still differentiated, and the start of soft products is better than that of hard products
    .
    From the perspective of domestic PVC profile products enterprises, some of them continued to reduce their starts during the week to cope with the impact of the off-season, and most profile enterprises in North China, East China, South China and Northwest China were at the lower middle starting level
    .
    Formosa Plastics lowered the July cargo quotation, and PVC social inventory rebounded month-on-month, which also suppressed
    prices.
    The V2109 contract was narrowly sorted out during the day, and the market paid attention to the pressure
    on the 8790 line.

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