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The commodity market sentiment is bearish PVC futures prices continue to fall

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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As of 10.
31, the domestic commodity market atmosphere was empty, and the price of PVC futures expanded
downward.
The Fed is widely expected to raise interest rates by 75 basis points this week; PVC has not shown the effect of peak season this year; PVC terminals are linked to real estate, and downstream demand is difficult to improve; Inventory digestion remains slow
.

PVC

Futures market: as of 10.
31, the main force of PVC closed at 5528 yuan / ton (-2.
4%); Top 20 main long positions: 504833 (+58633), short positions: 569414 (+3254), net short positions: 64581 (-491).

Spot: as of 10.
31 East China (calcium carbide method) quotation: 5854 yuan / ton (+4); South China (calcium carbide method) quotation: 5920 yuan / ton (-170).

Blue charcoal: as of 10.
31, Shaanxi 1576 yuan / ton (0).

calcium carbide: as of 10.
31 North China 4300 yuan / ton (0).

Viewpoint: The pessimistic market atmosphere coupled with the weak fundamentals of PVC itself, intraday futures prices continue to seek support downward; The spot end transaction is general, and the downstream demand has not improved
.
Fundamentals are still in a "high inventory, low demand" situation
.
From the perspective of time, the main contract of PVC futures is in a "surplus" state
.

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