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PVC morning review on March 29

 Last Update: 2022-12-05
 Source: Internet
 Author: User

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PVC bearish strength, the 1705 contract closed down for five consecutive days, broke below the 6300 integer mark support, and fell back below the five-day moving average
.
The main PVC contract is in the monthly settlement of the transfer, and the trading volume and position volume both declined
.

PVC

The domestic PVC market atmosphere is flat, the sharp decline in futures has frustrated the confidence of spot merchants, the trading volume of various markets is low, the pressure of enterprise inventory has increased, the transaction price has continued to fall, and the price has fallen back to the low level of the shock range
.

In May, PVC enterprises ushered in spring maintenance, according to the maintenance plan announced by the company, involving a production capacity of more than 5 million tons
.

The fundamentals of supply and demand have not changed much, the supply is relatively sufficient, more stable shipments, price pressure operation, it is expected that the PVC market will be narrowly sorted out in
the short term.

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