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PVC rebound space remains cautious Spot supply and demand are relatively loose

 Last Update: 2023-02-01
 Source: Internet
 Author: User

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As of January 11, PVC supply showed a trend increase; Exports are good but sustainability remains to be seen; Domestic demand is expected to improve; Downstream enterprises are relatively limited in pre-holiday replenishment; The supply of calcium carbide at the raw material end is tight, and the purchase price in some regions has increased
.

PVC

Futures market: as of January 11, the main PVC closed at 6405 yuan / ton (+0.
57%); Top 20 main long positions: 430596 (+16255), short positions: 507148 (+16989), net short positions: 76552 (+4882).

Spot: as of January 11 East China (calcium carbide method) quotation: 6230 yuan / ton (+30); South China (calcium carbide method) quotation: 6305 yuan / ton (+15).

Blue charcoal: As of January 11, Shaanxi 1376 yuan / ton (+10).

calcium carbide: as of January 11, North China 4185 yuan / ton (0).

At present, the contradiction in the PVC market is not prominent, and it is still in the macro favorable demand improvement expectation and export as the main logic to drive the PVC plate to lead the plasticization chain
.
China is currently in the stage of PVC resumption of production, spot supply and demand is relatively loose, the downstream holiday during the Spring Festival, demand weakening is expected to accumulate pressure
.
The rebound space remains cautious and is advised to wait and see
.

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