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    Home > Chemicals Industry > New Chemical Materials > PVC futures prices fluctuated at high levels Prices were supported by tight supply

    PVC futures prices fluctuated at high levels Prices were supported by tight supply

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Tuesday, the PVC V2105 contract contracted and increased its position, and the futures price fluctuated at a high level, closing at 8940 yuan on the day, +110 yuan from the previous trading day; Volume 264335, position 273514 lot, +2311, basis -40
    .

    PVC

    News: 43.
    42% less than the same period last year (7.
    02% month-on-month decrease and 40.
    89% year-on-year decrease on lunar calendar dates); Among them, East China decreased by 2.
    14% month-on-month and 29.
    21% year-on-year; South China decreased by 18.
    50% month-on-month and 63.
    89%
    year-on-year.
    2.
    According to Longzhong information statistics, the output of domestic PVC manufacturers in March 2021 was 1.
    9423 million tons, an increase of 4.
    19% from the previous month, an increase of 10.
    18% year-on-year, and a cumulative increase of 14.
    52%
    year-on-year.
    Among them, the output of calcium carbide process was 1.
    5632 million tons, an increase of 4.
    09% from the previous month, an increase of 5.
    59% over last year, and a cumulative increase of 10.
    99% year-on-year; The output of ethylene process was 379,100 tons, an increase of 4.
    57% from the previous month, an increase of 37.
    78% over the previous year, and a cumulative increase of 35.
    24%
    over the same period last year.

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 8900 yuan / ton, +100
    .

    Warehouse receipt inventory: 753 warehouse receipts, +573 receipts
    .
    Main positions: Top 20 long positions 197096, +1102, short positions 178869, +1157
    .
    Net excess decrease
    .

    Summary: The United States, Europe, Japan and South Korea have all stopped their installations, overseas supply is still tight, and Formosa Plastics raised its April shipping schedule quotation by $
    300.
    It also supports the price
    .
    Domestic: the operating rate of domestic PVC downstream products enterprises has increased slightly, the terminal orders of pipe, floor and cable factories are good, and the overall operation of products enterprises in this field is still at a high level
    .
    Domestic social inventories continue to decrease, and the inventories of production enterprises are low, indicating that their pressure is not great
    .
    As overseas supply is still insufficient, exports are expected to remain high
    .
    In terms of operation, it is recommended that investors set more take profits in their hands and hold
    them cautiously.

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