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    Home > Chemicals Industry > New Chemical Materials > PVC main contract volatility decline, expected price weakness finishing

    PVC main contract volatility decline, expected price weakness finishing

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market conditions: PVC main V2001 contract fluctuated down, closing at 6590 yuan / ton, -1.
    05% from the previous trading day; Volume 212300 lots, +43972 lots; Position 310970 lots, -5862 lots, basis 190 yuan, 9-1 spread 220 yuan
    .

    PVC

    News: The international PVC market is mixed
    .
    The U.
    S.
    market remained stable
    .
    FAS was trading at $
    770.
    The European market fell
    slightly.
    FD spot price was at 775 euros, down 5 euros
    .
    Asian markets rebounded, with CFR China trading at $885, up $25, and CFR Southeast Asia trading at $880, up $
    15.

    Upstream raw material market: calcium carbide market price is stable
    .
    The mainstream price in Northwest China is 3050 tons, and the mainstream price in North China and Shandong is 3215 yuan / ton
    .
    The price of CFR Far East in the Asian VCM market is 660 US dollars / ton, and CFR Southeast Asia is 690 US dollars / ton
    .

    Spot market: PVC SG-5 East China spot market reduced by 20 yuan / ton, the mainstream price is 6780 yuan / ton; The price in the south market is stable, and the mainstream price of SG-5 is 6880 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipt reported 2840 lots, +0 lots
    within the day.
    Main position: The top 20 long positions in the main contract are 115783 lots, +629 lots, short positions are 103665 lots, -1142 lots, and the net position is 12118 lots, a net increase
    .

    Summary: The price quotation of calcium carbide is stable during the day, but the current calcium carbide is at a high level of inventory, in order to ease the pressure on inventory, merchants began to make profits and shipments, it is expected that calcium carbide prices will be lowered, which will weaken upstream cost support
    .
    The transaction atmosphere of the spot market is general, the downstream market demand is light, merchants maintain just need to purchase, and due to the tightening of environmental protection, Shandong, Henan and other regions shutdown and production restrictions, it is expected that there may not be a significant improvement
    in the short term.
    PVC futures price volatility decline, MACD indicator red bar contraction, focus on the pressure around 6740 above, focus on support around 6480 below, expect the price to be weak shock finishing
    .

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