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    Home > Chemicals Industry > New Chemical Materials > PVC futures prices rushed back down

    PVC futures prices rushed back down

    • Last Update: 2022-12-29
    • Source: Internet
    • Author: User
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    As of 12.
    12, the price of PVC futures soared and fell; social inventory has been in a state of destocking recently; the start of calcium carbide at the raw material end continues to increase; the downstream PVC demand is not good, forcing the price of calcium carbide to adjust downward; the price center of gravity of the domestic mainstream spot market has shifted up; the spot purchase end is high price resistance, and the high price is still difficult to trade
    .

    PVC

    Futures market: as of 12.
    12, the main PVC closed at 6205 yuan / ton (-1.
    02%); Top 20 main long positions: 308582 (+19483) Short positions: 402649 (+27675); Net short position: 94067 (+7001).

    Spot: as of 12.
    12 East China (calcium carbide method) quotation: 6180 yuan / ton (+110); South China (calcium carbide method) quotation: 62335 yuan / ton (+95).

    Blue charcoal: as of 12.
    12 days, Shaanxi 1322 yuan / ton (0).

    calcium carbide: as of 12.
    12 days North China 4125 yuan / ton (0).

    With the continuous favorable introduction of the real estate policy of the economic conference, the domestic policy has gradually become clear, the overall chemical market has rebounded from the excessive valuation in the early stage, and the commodity atmosphere has improved
    .
    PVC rebounded on macro expectations and low prices, but fundamental pressures remained
    .
    The launch of new production capacity in the later period and the arrival of the off-season, coupled with pessimistic expectations on the spot side, may inhibit further price increases; Follow-up pay attention to supply-side changes and inventory changes, and whether domestic demand can really replenish the volume
    .

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