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    Home > Chemicals Industry > New Chemical Materials > PVC futures prices are sorted out at a low level, and the market is in a wait-and-see mood

    PVC futures prices are sorted out at a low level, and the market is in a wait-and-see mood

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    As of 10.
    24, the price of PVC futures was sorted out at a low level; the PVC supply side started steadily, the willingness to reduce production was not strong, and the inventory was high; the raw material calcium carbide was individually reduced; the enthusiasm for downstream procurement was not high, and the terminal just needed to be purchased; the real estate data was not good, and there was no bright
    spot in demand for the time being.

    PVC

    Futures market: as of 10.
    24, the main PVC closed at 5891 yuan / ton, up 0.
    51% from the previous month; Top 20 main long positions: 481326 (-27381), short positions: 542596 (-29110), net short positions: 61270 (-3108).

    Spot and enterprise dynamics: as of 10.
    24, East China (calcium carbide method) quotation: 6053 yuan / ton (-27); South China (calcium carbide method) quotation: 6165 yuan / ton (-10); Ningxia Jinyuyuan PVC started about 90%, there is a certain inventory, intraday quotation orders, 5 type calcium carbide acceptance factory 5800-5850 yuan / ton, type 3 high 200 yuan / ton, actual order small negotiation; Formosa Plastics Ningbo 400,000 tons of PVC plant started about 90%, wait-and-see market-oriented, no quotation
    within the day.

    Basis: As of 10.
    24, South China basis -40; East China basis -57; basis slightly weakened
    .

    Upstream raw materials: as of 10.
    24, the price of North China calcium carbide was 4265 yuan / ton, no change from the previous day's price; Shaanxi Lanchar quoted 1576 yuan / ton, no change
    from the previous day's price.

    At present, there is a strong expectation of the start and recovery of PVC installations and the need for winter insulation of subsequent PVC installations, and it is expected that the supply side will not be able to effectively reverse the high inventory and oversupply in the short term; Judging from the poor real estate data, it will take time to transmit the relevant stimulus policies in the early stage, and the effect on demand will be limited
    in the short term.
    The enthusiasm for downstream procurement is low, and the wait-and-see mood is strong
    .
    The weak performance of the terminal has dragged down the price operation of PVC
    .

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