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PVC main force low open low go low The market is still oversupplied

 Last Update: 2022-12-18
 Source: Internet
 Author: User

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calcium chloride toxicity

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PVC main V2005 contract opened low on Tuesday, closing at 6190 yuan / ton, +110 yuan from the previous trading day; Volume 149668 lots, -83066 lots; Position 181072 lots, -19998 lots, basis -90 yuan, -110 yuan; 5-9 spreads - 135 yuan, +10 yuan
.

PVC

News: The profit of calcium carbide method in East China last week increased by 90 yuan / ton
compared with last week.
Affected by the low price of ethylene method, the profit fell by 22 yuan / ton
month-on-month.

Spot market: Linyi PVC market is running weakly, the market offer is stable, the delivery price is about 6150-6220 yuan / ton, and the transaction is less
.

Warehouse receipt inventory: exchange warehouse receipt reported 4540 lots, intraday -0 lots
.
Main position: The top 20 long positions in the main contract are 134353 lots, -12137 lots, short positions are 117937 lots, -7482 lots, and the net position is 16416 lots, net long decrease
.

Summary: The accelerated spread of the overseas epidemic has caused concern, and the operating rate of PVC manufacturers has rebounded, and social inventories are still at a high level, indicating that the market is still oversupplied
.
However, with the passage of time, PVC downstream products enterprises began to resume work
one after another.
And due to the maintenance of many sets of equipment abroad, the supply of vinyl chloride in Asia is relatively biased, and the price is firm, which is expected to support the price of PVC
.
Operationally, investors do not chase long in the short term, but when they fall back, they can gradually buy long orders of 2009 contracts at low prices
.

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