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    Home > Chemicals Industry > New Chemical Materials > PVC main contract retreated slightly to focus on support below

    PVC main contract retreated slightly to focus on support below

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Market conditions: PVC main V2001 contract fell slightly, closing at 6430 yuan / ton, +0 yuan from the previous trading day; Volume 107848 lots, -20384 lots; Position 305706 lots, -3428 lots, basis 220 yuan, +20 yuan; 1-5 spread 170 yuan, -5 yuan
    .

    PVC

    News: International PVC prices are mixed, European PVC prices are stable, at $650, the price in the U.
    S.
    market has fallen, FOB U.
    S.
    Gulf is at $585, down $10, the Asian market is rising steadily, CFR Southeast Asia remains stable, at $710, CFR Far East is trading at $700, up $
    10.

    Spot market: Hebei market quotation continues to be stable, the market supply is in short supply, the price of 5 type material including tax is 6490-6550 yuan / ton to be delivered, and the price of Inner Mongolian goods is 6300-6330 yuan / ton
    .
    Qilu Chemical City market narrow adjustment, calcium carbide method 5 quotation at 6660 yuan / ton (Xinfa excluding tax 6230, Tianye excluding tax 6210 yuan / ton), ethylene Qilu price narrow adjustment, S700 quotation excluding tax 6570 yuan / ton, S1000 quotation excluding tax 6420 yuan / ton
    .

    Warehouse receipt inventory: Exchange warehouse receipts reported 1293 lots, intraday -800 lots, in the historical median area
    .

    Main positions: The top 20 long positions in the main contract are 117928 lots, +512 lots, short positions are 98757 lots, -793 lots, and net positions are 19171 lots, net long increases
    .

    Summary: The PVC spot market is well supplied, the social inventory is still higher than the same period of previous years, and the pressure of calcium carbide transportation has eased, the market supply is sufficient, and the price has weakened
    .
    The cost support for PVC weakened, Taiwan lowered its November shipping schedule quotation, and on October 30, China canceled anti-dumping to the United States, Japan, South Korea and Taiwan, all of which were bearish for PVC
    .
    However, China and the United States are expected to cancel tariffs in phases, and the recent accident in Inner Mongolia Sanlian Chemical is expected to lead to production suspension to PVC, PVC downstream products imports decreased, and increased exports also supported
    prices.
    It is expected that PVC will maintain a range-bound pattern in the short term, and operationally, it is recommended that investors wait and see for the time being
    .

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