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    Home > Chemicals Industry > New Chemical Materials > PVC shock retreats The price transmission to the terminal is not smooth

    PVC shock retreats The price transmission to the terminal is not smooth

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Thursday, the PVC V2109 contract reduced its position, and the futures price fell back in shock, closing at 8885 yuan on the day, -40 yuan from the previous trading day; Volume 382231 lots, open position 398003 lots, -35121, basis 165
    .

    PVC

    News: 1.
    According to the survey of professional institutions, under the influence of the policy of carbon peak before 2030, the new rate of calcium carbide production capacity will slow down, the output supply will be significantly reduced, and the instability of power supply will also cause instability to the supply of calcium carbide commodity volume, in the face of high downstream PVC operating rate, calcium carbide supply is expected to maintain a tight situation for a long time
    .
    2.
    Last week, the quotation of domestic large-scale PVC pipe products dealers remained stable, and the pipe manufacturers such as Zhongcai, which planned to increase in the early stage, have not yet landed the price increase plan
    .
    Domestic large-scale pipe products factories still maintain full production; The operating rate of medium-sized enterprises is also 8-9%, but the profit status of enterprises is not good, large factories maintain small profit production, and small and medium-sized pipe factories lose money
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9050 yuan / ton, +0
    .

    Warehouse receipt inventory: 3797 warehouse receipts, +0 sheets
    .
    Main positions: Top 20 long positions 278406, -28461; short positions 258527, -17252
    .
    Net excess decrease
    .

    Summary: Formosa Plastics' increase in May shipping schedule quotations supported
    domestic prices.
    Domestic: the downstream is basically balanced, the operating rate of profile products is relatively good, although the order is not as expected, but for the time being, the current demand can still be guaranteed, and there is a certain replenishment demand
    .
    Domestic social inventories continue to decrease, and the inventories of production enterprises are low, indicating that their pressure is not great
    .
    The domestic PVC operating rate fell slightly last week, but it was still much higher than the same period last year, indicating that the market supply is sufficient
    .
    Due to the different acceptance of the terminal, the price adjustment plan of the large pipe factory in the early stage was suspended, indicating that the price transmission to the terminal was not smooth
    .
    At present, the V2109 contract fluctuates at a high level, and the bullish pattern has not changed
    .

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