 Home > Chemicals Industry > New Chemical Materials > Supply and demand are stable, and the main force of PVC fluctuates upward

Supply and demand are stable, and the main force of PVC fluctuates upward

 Last Update: 2022-12-16
 Source: Internet
 Author: User

Tags

net 2

larin 1 20

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Market situation: supply and demand are stable, PVC main V2001 contract fluctuated upward, closing at 6540 yuan / ton, +1.
24% from the previous trading day; Volume 240578 lots, +47020 lots; Position 322274 lots, -4606 lots, basis 120 yuan, 1-5 spread 115 yuan
.

PVC

News: PVC social inventory last week fell by 4.
04% month-on-month and 64.
15% higher year-on-year; East China decreased by 3.
88% month-on-month and 82.
79% higher than last year; South China decreased by 5.
00% month-on-month and 2.
7%
higher than last year.
PVC social inventory continued to fall month-on-month, indicating an increase
in downstream demand.

Upstream raw material market: the mainstream price of calcium carbide market in the northwest region is 3000 yuan / ton, 0; the mainstream price in Shandong in North China is 3090 yuan / ton, 0
.
The price of CFR Far East in the Asian VCM market is 720 US dollars / ton, 0; CFR Southeast Asia is 750 US dollars / ton, 0
.

Spot market: The PVC spot market is trading calmly
.
The mainstream price of SG-5 type East China spot market is 6660 yuan / ton, 0; the mainstream price of SG-5 in South China market is 6760 yuan / ton, 0
.

Warehouse receipt inventory: exchange warehouse receipts reported 6423 lots, +823 lots within the day, in the historical high area
.
Main position: The top 20 long positions in the main contract are 125617 lots, +3252 lots, short positions are 101281 lots, +82 lots, and the net position is 24336 lots, which is a net long increase
.

Summary: The operating rate of domestic PVC enterprises has declined, and the maintenance loss has increased
.
PVC social inventory continued to decline, but it remained at a high level
year-on-year.
The spot market is trading calmly and prices are stable
.
Downstream goods increased slightly, and the transaction atmosphere was mild
.
However, affected by the environmental protection and production restriction policy in the Beijing-Tianjin-Hebei region, it is expected that it will be difficult to improve in the short term, and the demand will have limited price pull
.
The price of PVC2001 contract fluctuated to the upside, and the MACD indicator DIFF value broke through the DEA value upward, and the price is expected to continue the technical rebound state
.
Pay attention to the pressure around 6600 above, and you can hold
it cautiously.

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.