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    Home > Chemicals Industry > New Chemical Materials > PVC prices fluctuated back down to extend the range trend

    PVC prices fluctuated back down to extend the range trend

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Recently, PVC prices have fallen back in shock, extending the range trend
    .
    Recently the market trading sentiment is moderate, PVC logic gradually returns to fundamentals, and the trend continues the previous volatility range
    .
    On the basis of no other news stimulus, the PVC05 contract temporarily around the 7800-8900 integer mark and continue to pay attention to the short-term trend
    of the range.

    PVC

    Global PVC supply is good, domestic exports are weak, fundamental expectations are weak, and futures are under greater pressure under the state of premium
    .
    The short-term commodity atmosphere is relatively strong and the cost is supported, and the cost change of calcium carbide PVC is concerned
    .

    From the current fundamentals, calcium carbide prices are partially loosened, and the current start is high, while the electricity price plan of Inner Mongolia and Ningxia in January will be lowered, and calcium carbide prices are expected to remain weak
    .
    The period is mostly concentrated on hedger receipts, and the overall trading difference price of spot goods fell
    slightly.
    Type 5 calcium carbide, East China mainstream spot exchange self-pickup 8450-8550 yuan / ton, South China mainstream spot exchange self-pickup 8470-8580 yuan / ton, Hebei cash exchange to 8250-8330 yuan / ton, Shandong cash exchange to 8350-8400 yuan / ton
    .

    From the perspective of supply and demand, there is no new maintenance plan this week, and it is expected that PVC starts will remain basically stable, but subject to market weakness and poor willingness to increase construction under profit compression
    .
    In the downstream, the current winter terminal demand off-season orders are general, and the procurement is cautious; Moreover, the decline in PVC prices in the Asian market in the early stage has led to a strong
    wait-and-see mood among overseas traders.

    Overall, the short-term PVC market is unchanged compared with the loose pattern, and PVC is expected to maintain a weak shock trend, but the 8000 first-line support is strong, and short-term recommendations are mainly
    wait-and-see.
    Pay attention to downstream replenishment, demand inflection points, and the implementation of
    electricity price reductions.

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