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    Home > Chemicals Industry > New Chemical Materials > PVC futures prices open low and go high, and the short-term trend is upward

    PVC futures prices open low and go high, and the short-term trend is upward

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Thursday, the PVC V2105 contract reduced its position, and the futures price opened low and went high, closing at 8795 yuan on the day, +180 yuan from the previous trading day; Volume 382550 lots, open position 260769 lots, -119, basis -95
    .

    PVC

    News: 1.
    According to Longzhong information data statistics, the output of domestic PVC manufacturers in March 2021 was 1.
    9447 million tons, an increase of 4.
    31% from the previous month, an increase of 10.
    31% year-on-year, and a cumulative increase of 14.
    56%
    year-on-year.
    The output of calcium carbide process was 1.
    5656 million tons, an increase of 4.
    25% from the previous month, an increase of 5.
    75% over last year, and a cumulative increase of 11.
    04% 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.
    2.
    It is understood that the calcium carbide PVC spring maintenance enterprises in April are limited, so it is expected that the price of calcium carbide will remain firm
    .
    However, after May, calcium carbide PVC will enter a centralized maintenance period
    .
    It is expected that the price of calcium carbide may fall semi-recedely
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 8700 yuan / ton, -100
    .

    Warehouse receipt inventory: 0 warehouse receipts, -540 sheets
    .
    Main positions: Top 20 long positions 188991, +3664, short positions 170476, +1373
    .
    Net increase
    .

    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 pipe products enterprises continues to increase, and the operating rate of large-scale pipe factories is more than
    80%.
    As overseas supply is still insufficient, exports are expected to remain high
    .
    However, the domestic calcium carbide price has been loosened, and downstream enterprises are obviously resistant to high prices, and their willingness to take goods is not strong, which is expected to form a certain suppression
    of prices.
    In terms of operation, it is recommended that investors set more take profits in their hands and hold
    them cautiously.

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