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    Home > Chemicals Industry > New Chemical Materials > PVC main force small rebound short-term may have rebound requirements

    PVC main force small rebound short-term may have rebound requirements

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Market situation: PVC main V2001 contract rebounded slightly, closing at 6400 yuan / ton, +50 yuan from the previous trading day; Volume 120352 lots, -77218 lots; Position 304888 lots, -1954 lots, basis 200 yuan, -70 yuan; 1-5 spread 160 yuan, +25 yuan
    .

    PVC

    News: On October 30, 2019, the Ministry of Commerce announced Announcement No.
    43 of 2019 on its website, which showed that it was decided to no longer impose anti-dumping duties
    on imports of PVC originating in the United States, South Korea, Japan and Taiwan from September 29, 2019.

    The operating rate of PVC production enterprises in this cycle was 75.
    47%, down 1.
    78% from last week and 0.
    96% from last year; Among them, the start of calcium carbide method decreased by 1.
    39% month-on-month and increased by 1.
    60% year-on-year; The ethylene method decreased by 3.
    75% month-on-month and 12.
    53%
    year-on-year.

    Spot market: the price of PVC market in Shanghai is stable, and the mainstream quotation of calcium carbide five-type material is 6600-6650 yuan / ton
    .
    Yihua 6600 yuan / ton, Tianye 5 type 6640 yuan / ton, Zhongtai 6650 yuan / ton, ethylene method Dagu Qilu material 1000 model sent to 7050-7150 yuan / ton for negotiation, East China ethylene method enterprise price at about 7350 yuan / ton to deliver.

    Warehouse receipt inventory: Exchange warehouse receipts reported 3819 lots, intraday -600 lots, in the historical high area
    .

    Main position: The top 20 long positions in the main contract are 117244 lots, -2188 lots, short positions are 98089 lots, -1232 lots, and net positions are 19155 lots, net long decrease
    .

    The PVC spot market is well supplied, social inventory is still higher than the same period of previous years, and the pressure on 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 are negative for PVC
    .
    However, the recent accident in Inner Mongolia Sanlian Chemical is expected to lead to production suspension to PVC, PVC downstream products imports decreased, exports increased also supported prices
    .
    In the short term, PVC may have the requirement of rebound, operationally, it is recommended that investors reduce their holdings
    in the hands of short orders.

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