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    Home > Chemicals Industry > New Chemical Materials > PVC main force low open high go sluggish demand inhibits the rebound height

    PVC main force low open high go sluggish demand inhibits the rebound height

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Tuesday, the PVC main V2005 contract opened low and went higher, closing at 6340 yuan / ton, +10 yuan from the previous trading day; Volume 105476 lots, +7683 lots; Position 237201 lots, +11944 lots, basis -70 yuan, -10 yuan; 5-9 spread - 75 yuan, +0 yuan
    .

    PVC

    News: PVC large-scale products enterprises only maintained an operating rate of 2-3% last week; Due to the lack of workers, small product enterprises may not resume work, and it is expected that the actual resumption of production will be postponed until after
    March.

    Partially eased by logistics and transportation, the operating rate of PVC production enterprises rebounded last week, with an operating rate of 68.
    61%, an increase of 1.
    79% from last week and 16.
    92%
    lower than last year.
    The calcium carbide method was 71.
    64%, an increase of 2.
    74% month-on-month and 15.
    59% lower than the same period last year, and the ethylene method was affected by the East China Formosa Plastics plant decreased by 2.
    64% to 54.
    45%, 23.
    11%
    lower than last year.

    Spot market: Hebei downstream start is insufficient, the high-end price of the intraday market is reduced by 50 yuan / ton, the current Inner Mongolia 5 type material price including tax 6100-6120 yuan / ton is delivered, Inner Mongolia source of goods factory price including tax self-raised price 5860-5880 yuan / ton, excluding tax self-raised price 5500-5550 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 4740 lots, intraday - 15 lots
    .
    Main position: the top 20 long positions in the main contract are 173645 lots, +8450 lots, short positions are 161111 lots, +10865 lots, and the net position is 12534 lots, net long decrease
    .

    Summary: The introduction of domestic stimulus policies has weakened market panic, and the initial control of the epidemic has also eased market worries
    .
    However, the operating rate of PVC manufacturers has rebounded, and the market supply is still increasing, although PVC downstream product enterprises have begun to resume work
    one after another.
    However, local government approval is still strict, the resumption of work in many places is slow, and PVC social inventory remains high
    .
    Sluggish downstream demand is expected to dampen the rebound height
    of PVC.

     

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