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PVC prices rushed back down and the overall transaction volume of the spot market was weak

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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fundamentals

spot chains

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As of 7.
25, the overall domestic commodity market atmosphere has eased, the international crude oil price is weak, affected by this some crude oil chain varieties are weak, PVC today rushed back down weak shock
.
The downstream procurement willingness of the spot market is not strong, on-demand procurement, the willingness to wait and see is strong, and the overall spot transaction is weak
.

PVC

Futures market: as of 7.
25 days, the main PVC closed at 6474 yuan / ton (+0.
12%); Top 20 main long positions: 325912 (-1520), short positions: 358759 (-10296), net short positions: 32847 (-7625).

Spot: as of 7.
25 days East China (calcium carbide method) quotation: 6530 yuan / ton (+100); South China (calcium carbide method) quotation: 6610 yuan / ton (+100).

Blue charcoal: as of 7.
25 days Shaanxi 1448 yuan / ton (0).

calcium carbide: as of 7.
25 days North China 4140 yuan / ton (+40).

Looking back at the price trend of PVC, the price of PVC fell sharply, and there is a demand for technical rebound in the price; However, combined with the fundamentals of macro and PVC itself, there is currently no upward drive, and there are many uncertainties in macro surface, PVC is dominated by weak shocks, cautious wait-and-see
.

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