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    Home > Chemicals Industry > New Chemical Materials > PVC futures price rushed back down short-term or backtest 9100 first-line support

    PVC futures price rushed back down short-term or backtest 9100 first-line support

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    On Tuesday, the PVC V2201 contract reduced its position, and the futures price rushed back down, closing at 9220 on the day, -15 yuan from the previous trading day; Volume 434786 lots, position 436620 lots, -4493, basis 280
    .

    PVC

    News: 1.
    Due to the approaching Hurricane Ida, some PVC enterprise installations in the Gulf region of the United States were shut down ahead of schedule to reduce losses
    .
    The main plants are Formosa Plastics Baton Rouge 513,000 tons of PVC and 650,000 tons of vinyl chloride plants, Shin-Etsu U.
    S.
    annual output of 600,000 tons of PVC and 1.
    77 million tons of vinyl chloride plants, Westlake Chemical 860,000 tons of PVC and 720,000 tons of vinyl chloride
    .
    The above equipment was shut down early before the hurricane, and the market supply was reduced, and after the hurricane, pay attention to whether there is flooding and damage to the local area
    .
    2.
    The high-priced supply of calcium carbide in Wuhai area fell within the day, and the ex-factory trade price was 5350-5400 yuan / ton
    .
    The power rationing in Wuhai area is serious, the supply is reduced, the power rationing affects the start of enterprises, and it is expected that the price will be stable at a high level, and it will be difficult to reduce it again
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9500 yuan / ton, +80
    .

    Warehouse receipt inventory: 1147 warehouse receipts, -0 sheets
    .
    Main positions: Top 20 long positions 306678, -4938; short positions 276604, -7980
    .
    Net increase
    .

    Summary: PVC operating rate decreased month-on-month last week, and PVC market supply decreased
    .
    However, domestic PVC social inventories have stopped falling and rebounded for two consecutive weeks, indicating that the market supply is sufficient
    .
    Last week, PVC downstream products enterprises did not change much, and demand was tepid
    .
    Among them, the start of soft products and medical products is relatively acceptable, and the start of hard products enterprises such as profiles, pipes and plates is at a relatively low level, and some enterprises indicate that terminal orders are insufficient
    .
    The recent strong trend of coal is expected to form some support
    for PVC.
    The V2201 contract fell higher during the day, and it is expected that the support of the 9100 line is expected to be tested in the short term
    .

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