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    Home > Chemicals Industry > New Chemical Materials > PVC oscillations lower Focus on support below

    PVC oscillations lower Focus on support below

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Tuesday, the PVCV2009 contract fluctuated lower, closing at 5430 yuan / ton, -160 yuan from the previous trading day; Volume 282745 lots, -211555 lots; Position 204397 lots, -8762 lots, basis 25 yuan, +5 yuan; 5-9 spreads 45 yuan, +35 yuan
    .

    PVC

    News: Affected by the lockdown in India and weakening demand in Asia, Taiwan's PVC shipping schedule quotation in May may be significantly
    lowered.
    At present, the CFR China negotiation range is 590-620 US dollars / ton, I heard that the transaction of South Korean sources is 610-620 US dollars / ton, and the buyer's intention price is 600 US dollars / ton; South Asian sources traded at $590/ton
    .
    There is also an unconfirmed market transaction price of $655/mt CFR China
    .

    Spot market: Linyi PVC market atmosphere is weak, the market offer is loose, the delivery price is about 5650-5750 yuan / ton, the transaction is general
    .

    Warehouse receipt inventory: exchange warehouse receipt reported 162 lots, +0 lots
    within the day.

    Summary: The successful conclusion of a joint production cut agreement at the OPEC+ meeting boosted market confidence
    .
    However, although PVC social inventories fell slightly month-on-month, they were still much higher than the same period last year, indicating that downstream demand recovery was insufficient
    .
    Formosa Plastics lowered PVC prices in May, and these factors all suppressed
    prices to a certain extent.
    In operation, investors can settle more orders in batches and drop their bags
    .

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