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PVC shrinkage and position reduction, futures price rebound blocked

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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On Thursday, the PVC V2101 contract reduced its position, and the rebound of the futures price was blocked, closing at 6715 yuan on the day, -60 yuan from the previous trading day; Volume 132989 lots, open position 206286 lots, -1922, basis 285
.

PVC

News: 1.
In September 2020, domestic calcium carbide production was 2.
324 million tons, a year-on-year increase of 6.
5%, a new high
in the year.
2.
Inner Mongolia Gangyuan Chemical Co.
, Ltd.
resumed work and production of calcium carbide furnace successfully
transmitted electricity.

Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 7000 yuan / ton, -0
.

Warehouse receipt inventory: 1839 warehouse receipts, -0 receipts
.

Main positions: Top 20 long positions 138007, +2460, short positions 144981, +1073
.
Reduced
headroom.

Summary: Domestic PVC social inventory is higher than the same period last year
.
And after entering the middle and late October, PVC has a new device and a plan to put into production, and it is expected that the supply will gradually increase in the later period to form a certain suppression
of prices.
However, due to the overhaul of overseas installations, Shin-Etsu will be overhauled for one month, and major European manufacturers also have maintenance plans, resulting in a decrease in PVC supply in Europe and the United States, a firm trend in overseas PVC prices, and Formosa's increase in PVC prices in November also supported prices, and these factors supported
prices.
Operationally, it is recommended that investors wait and see for the time being
.

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