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    Home > Chemicals Industry > New Chemical Materials > PVC futures prices are weak and fundamentals remain weak

    PVC futures prices are weak and fundamentals remain weak

    • Last Update: 2022-12-29
    • Source: Internet
    • Author: User
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    As of 12.
    7, PVC futures prices are running weakly; the second domestic RRR reduction released about 500 billion yuan; Taiwan's Formosa Plastics quotation in January 2023 was raised; major cities across the country optimized and adjusted public health prevention and control measures; calcium carbide purchase prices in some areas were reduced; PVC spot prices fell; and downstream procurement prices
    were high.

    PVC

    Futures market: as of 12.
    7 days, the main PVC closed at 6047 yuan / ton (-1.
    06%); Top 20 main long positions: 246272 (-23234) Short positions: 256127 (-16918); Net short position: 9855 (+12429).

    Spot: as of 12.
    7 East China (calcium carbide method) quotation: 6050 yuan / ton (-50); South China (calcium carbide method) quotation: 6120 yuan / ton (-55).

    Blue charcoal: as of 12.
    7 days Shaanxi 1322 yuan / ton (0).

    calcium carbide: as of 12.
    7 days North China 4175 yuan / ton (0).

    The basis of PVC period has recently converged sharply; PVC production enterprises are still facing greater cost pressure, upward pressure on calcium carbide prices, calcium carbide enterprises supply is stable and increasing, downstream demand performance is unstable, market confidence is insufficient, it is expected that flexible price reduction phenomenon is still possible; The decline in PVC social inventory in the early stage may be affected by traffic obstruction, rather than driven by demand, and the overall PVC fundamentals are still weak
    .
    Sluggish demand is a drag
    .
    However, it is necessary to pay attention to the increase in sentiment brought about by changes in market expectations, and the current futures market is in the period of shifting positions for the time being
    .

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