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    Home > Chemicals Industry > New Chemical Materials > PVC futures prices retreated slightly, indicating that the pressure above is still there

    PVC futures prices retreated slightly, indicating that the pressure above is still there

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Thursday, the PVC V2109 contract contracted and increased positions, and the futures price fell slightly, closing at 8540 yuan on the day, -75 yuan from the previous trading day; Volume 531544 lots, position volume 379450 lots, +2113, basis 560
    .

    PVC

    News: 1.
    The PVC market in Qilu Chemical City is weak and sorted, the quotations of traders fluctuate little, and the market inquiry atmosphere is general
    .
    Intraday price reference: the mainstream price of calcium carbide 5 type material is about 9180-9200 yuan / ton, the price of Qilu material S1000 is 9280 yuan / ton, and the price of S700 is 9600 yuan / ton
    .
    2.
    Affected by the spring centralized maintenance of PVC, the main downstream of calcium carbide, the demand for calcium carbide weakened last week, and the price of calcium carbide fell

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9100 yuan / ton, -150
    .

    Warehouse receipt inventory: 7232 warehouse receipts, -0 sheets
    .
    Main positions: Top 20 long positions 274984, +5255, short positions 225126, -5955
    .
    Net increase
    .

    Summary: The epidemic situation in India is serious, demand is weakening, and due to the resumption of production of equipment suspended in the United States, overseas supply is expected to increase, and Taiwan's Formosa Plastics quotation cargo quotation in June has been significantly reduced
    .
    Domestic: PVC operating rate fell slightly last week, and market supply decreased
    .
    Domestic PVC social inventories have decreased year-on-year, indicating that there is not much
    pressure on suppliers at present.
    However, the operating rate of downstream enterprises is basically stable
    .
    Export delivery orders have slowed down, and product companies are resistant to the high price of PVC raw materials, and the enthusiasm for stocking is not high
    .
    The National Assembly twice talked about the issue of commodity prices, which triggered market expectations for price control and suppressed
    prices to a certain extent.
    The V2109 contract retreated slightly during the day, indicating that the upside pressure remains
    .

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