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    Home > Chemicals Industry > New Chemical Materials > PVC futures prices continue to fluctuate and fall, and downstream demand recovery is insufficient

    PVC futures prices continue to fluctuate and fall, and downstream demand recovery is insufficient

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    On Monday, the PVC V2201 contract reduced its position, and the futures price continued to fluctuate and fall, closing at 8545 on the day, -340 yuan from the previous trading day; Volume 799673 lots, open position 335035 lots, -7994, basis 855
    .

    PVC

    News: 1.
    Longzhong data statistics show that as of November 14, the domestic PVC social inventory was 155,600 tons, an increase of 1.
    17% month-on-month and 20.
    34% year-on-year; Among them, East China was 121,600 tons, an increase of 1.
    50% month-on-month and 10.
    55% year-on-year; South China was 34,000 tons, flat month-on-month, up 76.
    17%
    year-on-year.
    2.
    Longzhong data shows that the gross profit of PVC enterprises last week was mixed from the previous week, and the calcium carbide method increased with the market price, and the ethylene law decreased
    driven by the price decline.
    As of the close of trading on November 11, the gross profit of calcium carbide method was 1434 yuan / ton, an increase of 514.
    45% over last week; The gross profit of ethylene method was 700 yuan / ton, a decrease of 58.
    82%
    from last week.

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9400 yuan / ton, +0
    .

    Warehouse receipt inventory: 5023 warehouse receipts, +0 sheets
    .
    Main positions: Top 20 long positions 2414408, -7222, short positions 222606, -6078
    .
    Increased
    headroom.

    Summary: Last week, the operating rate of PVC production enterprises reported 73.
    91%, an increase of 1.
    93% month-on-month and a year-on-year decrease of 3.
    79%; PVC production increased slightly to 406,100 tons, up 2.
    77% month-on-month and down 1.
    85%
    year-on-year.
    As calcium carbide cost prices fall, PVC companies' operating load expectations have rebounded slightly this week, and market supply is expected to increase
    .
    Last week, PVC downstream products enterprises started basically stable, East China power rationing was basically canceled, and enterprises adjusted production
    according to their own orders.
    Winter is coming, terminal demand is not good, and orders have not increased
    significantly.
    Demand is expected to weaken
    as the weather gets colder.
    As of November 14, the domestic PVC social inventory was 155,600 tons, an increase of 1.
    17% month-on-month and 20.
    34% year-on-year, indicating that the current inventory has been higher than the same period last year, indicating that the recovery of downstream demand is insufficient
    .
    The V2201 contract was volatile lower during the day, indicating that the bears still have the advantage
    .

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