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    Home > Chemicals Industry > New Chemical Materials > PVC futures price shock rebound is expected to stop the decline in the short term

    PVC futures price shock rebound is expected to stop the decline in the short term

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Monday, the PVC V2109 contract contracted and increased positions, and the futures price rebounded, closing at 8755 on the day, +140 yuan from the previous trading day; Volume 413590 lots, open position 385916 lots, +3431, basis 345
    .

    PVC

    News: 1.
    Longzhong data statistics show that as of May 30, the domestic PVC social inventory was 173,200 tons, down 5.
    87% month-on-month and 48.
    61% year-on-year; Among them, East China was 125,200 tons, down 6.
    57% month-on-month and 47.
    83% year-on-year; South China was 48,000 tons, down 4.
    00% month-on-month and 50.
    52%
    year-on-year.
    2.
    Longzhong data shows that the gross profit of calcium carbide method in East China last week was 1184 yuan / ton, an increase of 230 yuan / ton from last week, and the profit of ethylene method was 300 yuan / ton, an increase of 250 yuan / ton
    from last week.

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9100 yuan / ton, -0
    .

    Warehouse receipt inventory: 6732 warehouse receipts, -200 sheets
    .
    Main positions: Top 20 long positions 275792, -968, short positions 235515, +592
    .
    Net excess decrease
    .

    Summary: The epidemic situation in India is serious, demand is weakening, and due to the resumption of production of equipment suspended in the United States, overseas supply is expected to increase, and Taiwan's Formosa Plastics quotation cargo quotation in June has been significantly reduced
    .
    Domestic: PVC operating rate fell slightly last week, and market supply decreased
    .
    Domestic PVC social inventories have decreased year-on-year, indicating that there is not much
    pressure on suppliers at present.
    However, the operating rate of downstream enterprises is basically stable
    .
    In South China, due to the peak shift production operating rate, the operating rate of Xinjiang enterprises continued to remain low, downstream enterprises did not have many orders, and the enthusiasm for stocking was not high
    .
    The National Assembly twice talked about the issue of commodity prices, which triggered market expectations for price control and suppressed
    prices to a certain extent.
    The V2109 contract rebounded during the day, and is currently attacking the pressure of the 8750 line and standing at 8755 yuan, which is expected to stop falling
    in the short term.

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