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As of 12.
14, PVC futures prices fluctuated strongly; US CPI accelerated to fall; the logic of the Fed's interest rate hike slowing continued; the macro atmosphere further improved; India's demand was strong, exports turned better; calcium carbide market prices were stable; PVC spot market was weak and sorted, and downstream procurement enthusiasm was low
.
Futures market: as of 12.
14, the main force of PVC closed at 6333 yuan / ton (+0.
94%); Top 20 main long positions: 319533 (+10705) Short positions: 418868 (+13714); Net position: 9935 (-161).
Spot: as of 12.
14 East China (calcium carbide method) quotation: 6160 yuan / ton (0); South China (calcium carbide method) quotation: 6225 yuan / ton (0).
Blue charcoal: as of 12.
14 Shaanxi 1322 yuan / ton (0).
Calcium carbide: as of 12.
14 North China 4075 yuan / ton (0).
The US CPI and core CPI in November were both lower than expected year-on-month, rising 7.
1% year-on-year to hit the lowest in nearly a year, and the market is more consistent with expectations that the Fed will slow down its interest rate hikes
.
In the short term, it will further boost macro recovery expectations
.
The frequent occurrence of favorable policies for domestic real estate has triggered the market's optimistic expectations
for the subsequent demand for building materials.
However, the current supply and demand situation of PVC is still weak, on the one hand, the new capacity at the end of the year brings supply increment, on the other hand, it is expected that the start of downstream demand will gradually weaken, and the strong expectation will take time to transmit to the demand side
.
Short-term weak reality is expected to suppress
PVC prices.
Space above may be limited
.
