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As of 7.
12, due to the impact of global recession expectations, PVC prices are still in the process of
bottoming down.
Combined with the demand side, the overall order situation of downstream products enterprises is not good, demand is weak, and there is no major positive drive at present, and PVC prices are still in the process of
weak bottoming.
Futures market, as of 7.
12 days PVC main close 6278 yuan / ton (-4.
62%); Top 20 main long positions: 349342 (+14924), short positions: 438285 (+29463), net short positions: 88943 (+16658).
Spot market, as of 7.
12 East China (calcium carbide method) quotation: 6460 yuan / ton (-140); South China (calcium carbide method) quotation: 6540 yuan / ton (-170).
Affected by the expectation of global recession, domestic PVC prices continued to fall; Downstream demand continues to be weak; The start of enterprises remains at a low level, maintains the purchase of rigid needs, and has a strong willingness to wait and see; Futures run at weak prices to find the bottom
.
Overall, in the first half of the year, under the alternating influence of strong expectations and weak reality, PVC prices rose first and then fell
.
In the second half of the year, with the stabilization of the economy and the strengthening of cost support, PVC fundamentals may improve, but the intensity of demand recovery is uncertain, and the overall price is expected to be weak and volatile
.