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    Home > Chemicals Industry > New Chemical Materials > PVC futures price volatility lower The market will test the support below

    PVC futures price volatility lower The market will test the support below

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Wednesday, the PVC V2109 contract reduced its position, and the futures price fluctuated lower, closing at 9145 yuan on the day, -85 yuan from the previous trading day; Volume 302130 lots, open position 436286 lots, -18159, basis 135
    .

    PVC

    News: 1.
    China's apparent consumption of PVC in June 2021 was 1,835,450 tons, an increase of 7.
    75% from May and 2.
    77% from last year; The cumulative apparent consumption from January to June was 10.
    57298 million tons, a year-on-year increase of 4.
    07%.

    The actual consumption from January to June was 10.
    5989 million tons, an increase of 3.
    48%
    over last year.
    2.
    In June 2021, PVC imports were 24,250 tons, an increase of 16.
    59%
    over the previous month.
    Among them, the general trade is only 04,100 tons, and the import/incoming processing is 19,990 tons
    .
    PVC exports were at 129,500 tons, down 40.
    1%
    month-on-month.
    Among them, the general trade is 98,800 tons, and the import processing is 29,900 tons;

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9280 yuan / ton, -20
    .

    Warehouse receipt inventory: 1835 warehouse receipts, -60 sheets
    .
    Main positions: the top 20 long positions 309237, -17041, short positions 285705, -5590
    .
    Net excess decrease
    .

    Summary: Last week, the PVC operating rate decreased month-on-month, mainly due to the severe power cuts in Inner Mongolia and Ningxia, resulting in a sharp decline in calcium carbide device starts, insufficient market supply, and some calcium carbide PVC manufacturers showed signs
    of reducing production.
    PVC market supply has decreased
    .
    The start of PVC downstream products enterprises is still at a relatively low level, and only a few low workers have slightly improved
    .
    Since the price of PVC is in a high area, downstream enterprises basically maintain just need to purchase, and the intention of stocking is not high
    .
    Domestic PVC social inventory has rebounded month-on-month, indicating that the current market supply is still relatively sufficient
    .
    Formosa Plastics' lower August cargo quotation has suppressed prices to a certain extent
    .
    The V2109 contract fluctuated lower during the day, and it is expected that the market will test the support of the 9050 line in the future
    .

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