echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PVC futures price volatility lower, pay attention to the 8460 first-line support

    PVC futures price volatility lower, pay attention to the 8460 first-line support

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Thursday, PVC V2109 contracts reduced their positions, and the futures price fluctuated lower, closing at 8585 yuan on the day, -185 yuan from the previous trading day; Volume 524580 lots, open position 378085 lots, -18523, basis 565
    .

    PVC

    News: 1.
    PVC overseas prices are stable and falling
    .
    U.
    S.
    exports were trading at $1,595, holding flat
    .
    FD northwest European futures were trading at $1,816, down $5 from the previous week, Russia was trading at €1,330, down €65, and the UK was trading at £1,282, down £5
    .
    CFR China is at $1325/ton, CFR Southeast Asia is at $1320/ton, and CFR India is down 20 at $1420/ton
    .
    2.
    Longzhong Information reported on June 17: Shandong Xinfa 700,000 tons of PVC plant started normally, the quotation was lowered by 50 yuan / ton within the day, and the 5-type material was now remitted at 9,000 yuan / ton, and the supply was tight
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9150 yuan / ton, -50
    .

    Warehouse receipt inventory: 5301 warehouse receipts, -200 sheets
    .
    Main positions: Top 20 long positions 273573, -9770, short positions 232271, -10055
    .
    Net increase
    .

    Summary: PVC operating rates continued to rise slightly month-on-month last week, and market supply increased
    .
    Domestic PVC social inventories have decreased year-on-year, indicating that there is not much
    pressure on suppliers at present.
    The operating rate of downstream product enterprises has not changed much, only a few enterprises have a small decline, and the power cuts and the epidemic in South China still have an impact
    on the start of local product enterprises such as Foshan and Dongguan.
    Some enterprises said that the current sales of factory products are more difficult, domestic and foreign orders are under pressure, and some enterprises have no choice but to reduce the burden to ensure the balance
    of product inventory.
    The V2109 contract fluctuated lower during the day, and tomorrow focus on the support of the 8460 line
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.