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    Home > Chemicals Industry > New Chemical Materials > PVC futures volatility recovery There is still a possibility of upward exploration

    PVC futures volatility recovery There is still a possibility of upward exploration

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Today's domestic futures market opened, PVC futures volatility rebounded, the current main contract rose nearly 2%, futures prices are running
    around the 9200 mark.

    PVC

    From a fundamental point of view, the start of PVC equipment is stable, it is expected that the plant will start or gradually improve under better profits, the downstream demand reality is still poor, in the face of high prices downstream more digestion of raw material inventory, but with the consumption of raw materials just need to replenish the demand for strengthening
    .
    In terms of inventory, the accumulation of PVC inventory in the last cycle has slowed down, and according to traders, East China's inventory in the warehouse has recently destocked, which is worth paying attention to the subsequent inventory inflection point
    .

    In terms of raw materials, the price of blue charcoal rose and the cost of calcium carbide increased
    .
    The ex-factory price of calcium carbide in Wuhai, Ningxia and other places increased by 200 yuan / ton, and the terminal purchase price launched a plan
    to increase by 100 yuan / ton tomorrow.
    There are not many PVC manufacturers planning maintenance during March, and the operating load will not change much
    in the short term.

    As of March 10, the weekly data showed that the overall starting load of PVC was 80.
    49%, an increase of 0.
    36 percentage points from the previous month; of which the calcium carbide PVC operating load was 83.
    01%, an increase of 0.
    86 percentage points
    from the previous month.
    Type 5 calcium carbide, East China mainstream spot exchange self-pickup 8950-9100 yuan / ton, South China mainstream spot exchange self-pickup 8980-9180 yuan / ton, Hebei cash exchange 9050-9150 yuan / ton, Shandong spot remittance 9100-9150 yuan / ton
    .

    Looking forward to the future market, it is recommended to continue to pay attention to the transaction of the spot market, beware of the continuous rise of prices, inhibit the willingness of downstream replenishment, and thus drag down the PVC futures market
    .
    05 The short-term technical support of the contract is at 8900, and the upper pressure is at 9300
    .
    The cost side stabilized and rebounded, the pressure on the supply side was not large, and under the boost of exports, the PVC period price fluctuated at a high level, and there is still a possibility of upward exploration, focusing on the pressure
    near the previous high.

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