echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PVC intraday reduction and position reduction, futures price narrow finishing

    PVC intraday reduction and position reduction, futures price narrow finishing

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Tuesday, the PVC V2101 contract reduced its position intraday, and the futures price was narrowly sorted, closing at 6595 yuan on the day, -5 yuan from the previous trading day; Volume 118576 lots, open position 188254 lots, -7892, basis 155
    .

    PVC

    News: 1.
    The Asian vinyl chloride market continued to raise by $10/ton at $795/ton CFR in Northeast Asia, and $840/ton CFR in Southeast Asia
    .
    The market supply is limited, and the downstream PVC demand is strong
    .
    I heard that paste resin manufacturers have traded vinyl chloride prices of 820 US dollars / ton2, domestic calcium carbide production in August 2020 was 2.
    384 million tons, an increase of 6% year-on-year, and the cumulative output from January to August was 17.
    684 million tons, down 0.
    3 percentage points
    year-on-year.

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 6750 yuan / ton, +0
    .
    Warehouse receipt inventory: 3152 warehouse receipts, -300 sheets
    .

    Main positions: Top 20 long positions 134297, -2699, short positions 129306, -3938
    .
    Net increase
    .

    Summary: At present, the price trend of overseas PVC is firm, and last week's domestic PVC social inventory continued to fall month-on-month, indicating that the pressure on the supply side is not large, but after entering the end of September, PVC has a new device and a production plan, and it is expected that the later supply will gradually increase to form a certain suppression
    of prices.
    Operationally, it is recommended that investors can take short
    positions lightly on the rebound.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.