echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PVC rally is weak Focus on support below

    PVC rally is weak Focus on support below

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Wednesday, the PVC V2009 contract was sorted out in a narrow range, closing at 6315 yuan / ton, +25 yuan from the previous trading day; Volume 188373 lots, +44429 lots; Position 218118 lots, +4250 lots, basis 85 yuan, +65 yuan; 9-1 spread 190 yuan, +25 yuan
    .

    PVC

    News: Fuhua Group's ownership enterprise Southeast Electrochemical Company technical transformation and expansion of 500,000 tons/year caustic soda project started construction
    .
    This is a new construction project
    between Fuhua Group, a leading chemical enterprise in Fujian Province, and Wanhua Group, a world-renowned chemical giant.
    The technological transformation and expansion will be based on the existing 120,000 tons/year caustic soda plant of Southeast Electrochemical Company, and the technical transformation and expansion will be 300,000 tons/year caustic soda, and undertake the 80,000 tons/year production capacity relocated by Meizhou Bay Chlor-alkali Company, and the final caustic soda production capacity will reach 500,000 tons/year
    .

    Spot market: the PVC market trend of Qilu Chemical City is rising, the price of calcium carbide 5 type material is about 6400 yuan / ton, the price of ethylene method S1000 is 6530 yuan / ton, and the price of S700 is 6650 yuan / ton, and the transaction situation is general
    .

    Warehouse receipt inventory: Exchange warehouse receipts reported 939 lots, today -88 lots
    .

    Main position: The top 20 long positions in the main contract are 158346 lots, +1279 lots, short positions are 134355 lots, +4750 lots, and the net position is 23991 lots, net long decrease
    .

    As the overseas epidemic has eased, the deregulation of many countries has boosted market confidence, and the extension of production cuts by major oil-producing countries has also supported the market
    .
    Fundamentally, crude oil fluctuated at high levels, and ethylene prices in Asia recovered
    .
    The maintenance of domestic production enterprises continued, and the pre-sales situation was better
    .
    On the demand side, in April, the domestic real estate market rebounded slightly, while the infrastructure industry also boosted the demand for
    PVC to a certain extent.
    The decline in PVC operating rate, the continued decline in social inventory month-on-month, and Formosa Plastics' increase in July quotations all supported
    the price of PVC.
    However, downstream enterprises are more cautious about PVC procurement and maintain the focus on just-in-demand procurement
    .
    The future market focuses on whether the support of the lower moving average is strong
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.