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    Home > Chemicals Industry > New Chemical Materials > PVC futures prices fell sharply and the short-term trend weakened

    PVC futures prices fell sharply and the short-term trend weakened

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    On Wednesday, the PVC V2201 contract reduced its position, and the futures price fell sharply, and the drop limit closed
    .
    The close of the day was 12225, compared with the previous trading day -915 yuan; Volume 1262212 lots, open position 397679 lots, -15134, basis 1775
    .

    PVC

    News: 1.
    The power rationing in Ulanqab area has also been greatly improved, about 50% of the construction in the Fugu area of Shaanxi Province, and the calcium carbide furnace that was stopped in the early stage in Ningxia has also recovered, but the overall start is unstable, and the output has increased
    slightly compared with before the holiday.
    2.
    The National Development and Reform Commission issued a notice on the 12th to deploy further deepening the market-oriented reform
    of on-grid tariffs for coal-fired power generation.
    While maintaining the stability of residential and agricultural electricity prices, China will orderly liberalize the on-grid electricity price of all coal-fired power generation, expand the range of market transaction electricity prices, and promote industrial and commercial users to enter the market
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 14000 yuan / ton, -600
    .

    Warehouse receipt inventory: 6331 warehouse receipts, +222 sheets
    .
    Main positions: Top 20 long positions 253783, -14071, short positions 268677, -6149
    .
    Increased
    headroom.

    Summary: Last week, the overall start of domestic PVC production enterprises was still low, and the overall start remained about 5-6%, and some enterprises also stopped
    .
    Market supply is below the level of the
    same period last year.
    PVC downstream enterprises work half and stop.

    In addition to the reduction in the high cost of raw materials, large enterprises are on holiday, and the pre-holiday power cuts in some regions have led to a significant weakening of demand during the festival, but the demand in unrestricted areas has remained good
    .
    It is rumored that power cuts have been relaxed in some areas, calcium carbide supply has increased compared with the previous period, and most of the coal mines that stopped production in Shanxi have resumed production, which is expected to alleviate the pattern
    of coal shortage.
    The V2201 contract fell sharply during the day and closed the limit board, indicating that the short-term trend has weakened
    .

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