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    Home > Chemicals Industry > New Chemical Materials > PVC futures prices fell sharply, indicating that the bears have the advantage

    PVC futures prices fell sharply, indicating that the bears have the advantage

    • 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 sealed the drop limit, closing at 11040 on the day, -830 yuan from the previous trading day; Volume 354887 lots, position volume 314741 lots, -1517, basis 1460
    .

    PVC

    News: 1.
    Longzhong Information reported on October 20: PVC exports in September 2021 were 102,400 tons, an increase of 55.
    39%
    month-on-month.
    General trade exports are 82,500 tons
    .
    2.
    In September 2021, China's PVC flooring exports were 495,700 tons, a decrease of 9.
    5% month-on-month and a year-on-year increase of 17.
    52%.

    From January to September, the cumulative import volume was 4.
    1662 million tons, an increase of 20.
    41%
    year-on-year.
    Among them, 284,600 tons were exported to the United States, 41,200 tons to Canada and 17,200 tons
    to Germany.
    General trade exports were 475,300 tons
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 12500 yuan / ton, -500
    .

    Warehouse receipt inventory: 6201 warehouse receipts, +34 receipts
    .
    Main positions: Top 20 long positions 199411, -11547, short positions 218052, +5557
    .
    Increased
    headroom.

    Summary: Last week, the domestic calcium carbide supply increased, and the calcium carbide operating rate increased by 2.
    65%
    compared with last week.
    Inner Mongolia Jun is overhauling the PVC plant in Ordos, and the sales volume of calcium carbide has increased, which has alleviated the tight market supply to a certain extent
    .
    Affected by this, the overall operating rate of PVC enterprises has increased by 1.
    18% recently, and the market supply has increased
    .
    PVC downstream product enterprises have improved their starts, and the enterprises that have reduced their burden after the holiday have basically returned to normal, but there are still indefinite time limits for electricity, and the cost pressure of downstream enterprises is greater, and there are signs of
    stopping work and production.
    As of October 17, the domestic PVC social inventory was 175,900 tons, down 9.
    56% month-on-month and 22.
    99% year-on-year, indicating that there is little pressure on the supply side
    .
    The overall weakening of domestic coal during the day is expected to put pressure
    on the price of PVC.
    The intraday V2201 contract moved sharply lower and sealed the limit plate, showing that the bears have the advantage
    .

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