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    Home > Chemicals Industry > New Chemical Materials > PVC is still treated as "range-bound" The fundamentals are weak at present

    PVC is still treated as "range-bound" The fundamentals are weak at present

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    As of 10.
    11, the price of PVC futures showed a volatile trend; the pre-PVC parking device was restarted one after another, and the operating load increased; the maintenance plan of the enterprise was gradually reduced; due to the epidemic, the transportation in some areas was not smooth, and the purchase price of calcium carbide may
    continue to rise.

    PVC

    Futures market: as of 10.
    11, the main force of PVC closed at 6222 yuan / ton, down 0.
    3% from the previous month; Top 20 main long positions: 370009 (-661), short positions: 421400 (-4149), net positions: 51391 (-6173).

    Spot and enterprise dynamics: as of 10.
    11, East China (calcium carbide method) quotation: 6450 yuan / ton (0); South China (calcium carbide method) quotation: 6525 yuan / ton (0); Xinjiang Yihua 300,000 tons of PVC plant started at full load, the enterprise maintained a certain pre-sale, and the 5-type calcium carbide East China acceptance car plate was 6,500 yuan / ton within the day; Formosa Plastics Ningbo 400,000 tons of PVC plant started construction of about 90%, within the day began to quote orders, peripheral terminal delivery prices: S60/S65 around the cash remittance to report 7100 yuan / ton, S70 around the spot remittance to 7200 yuan / ton
    .

    Basis: South China basis +19 as of 10.
    11; East China basis +19; basis slightly stronger
    .
    Upstream raw materials: as of 10.
    11, the quotation of North China calcium carbide was 4150 yuan / ton, which was unchanged from the previous day's price; Shaanxi Lanchar quoted 1576 yuan / ton, no change
    from the previous day's price.

    The operating level of the PVC industry continued to rise
    .
    The early shutdown devices were restarted one after another, the loss production declined, and the later production may continue to increase
    .
    Before the demand has not changed, the PVC market is difficult to start destocking, facing greater inventory pressure
    .
    Overall, the current PVC fundamentals are weak
    .
    However, the current low level of calcium carbide starts, coupled with the current epidemic state, the unstable transportation situation in some parts of the northwest has increased uncertainty to the market, and the raw material end does not rule out the possibility
    of continuing to rise.
    In the short term, PVC raw materials and valuation are supported, and the short-term center of gravity of price operation may slowly move upward, but considering the weak fundamentals of PVC, the upside of prices may be limited
    .
    At present, it is still treated
    as "range-bound".

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