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PVC intraday volume increased position, futures price volatility lower

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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On Thursday, the PVC V2101 contract increased its position intraday, and the futures price fluctuated lower, closing at 6540 yuan on the day, -110 yuan from the previous trading day; Volume 234871 lots, open position 200728 lots, +4316, basis 120
.

PVC

News: 1.
This week, there are many sets of PVC shutdowns in Europe, resulting in the tight supply of the European PVC market and the price also remain firm
.
Affected by the hurricane, 2 of the 4 US manufacturers announced force majeure and stopped production, resulting in tight supply of PVC in the US and continued to strengthen prices
.
The price of PVC in Asia has followed the rise, and the market mentality has turned to wait-and-see
in the recent rapid price increase.
Exports of Chinese production enterprises increased
.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 6660 yuan / ton, -60
.

Warehouse receipt inventory: 4272 warehouse receipts, -40 sheets
.
Main positions: Top 20 long positions 133959, -60; short positions 141009, -2585
.
Reduced
headroom.

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.

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