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PVC Weekly Social Library Continues to Destock The price is treated as "range-bound"

 Last Update: 2022-12-29
 Source: Internet
 Author: User

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As of 12.
19, the PVC weekly social library continued to destock; the overall supply was loose, and the new equipment was expected to be put into operation in December; the demand in the off-season was weak, maintaining a wait-and-see; the calcium carbide market price was stable, the spot price followed the rise, and the trading was general
.

PVC

Futures market: as of 12.
19, the main PVC closed at 6245 yuan / ton (-2.
39%); Top 20 main long positions: 341145 (+14091) Short positions: 429946 (+20445); Net position: 88801 (+798).

Spot: as of 12.
19 East China (calcium carbide method) quotation: 6230 yuan / ton (-50); South China (calcium carbide method) quotation: 6280 yuan / ton (-55).

Blue charcoal: as of 12.
19, Shaanxi 1366 yuan / ton (+38).

calcium carbide: as of 12.
19 North China 4100 yuan / ton (0).

After short-term PVC entered the traditional winter off-season, the downstream operating rate of PVC moved down, and demand was further weakened; In the long run, it still takes time for the expected transmission of favorable policies to reality, and there is accumulation pressure on inventory, so it still needs time to verify, focusing on whether the real estate construction situation and downstream construction will drive inventory changes
after the year.
The current valuation of the 05 contract is neutral and treated
as "range-bound".

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