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    Home > Chemicals Industry > New Chemical Materials > The price is not favorable to support PVC main force high and lower

    The price is not favorable to support PVC main force high and lower

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market situation: the price is not favorable, PVC main V2001 contract opened higher and lower, closing at 6440 yuan / ton, -0.
    31% from the previous trading day; Volume 231104 lots, +56668 lots; Position 328802 lots, -12056 lots, basis 220 yuan, 1-5 spread 90 yuan
    .

    PVC

    News: During the maintenance of Gansu Yinguang, it is expected to resume driving on the 7th; Tianjin LG stopped for maintenance on the 28th, and is expected to resume driving tomorrow; Anhui Huasu will be overhauled on the 20th and is expected to resume driving soon; Inner Mongolia Yili overhaul on the 26th; Qilu Petrochemical began maintenance on September 28 and is expected to resume operation on the 8th; Suzhou Huasu plans to overhaul for a month from the middle of this month
    .
    Yangmei Xiyang began to stop in April and plans to resume in October; Yunnan Nanphos April shutdown has not yet resumed the plan; Hebei Shenghua, Yidong Dongxing parking; Salt Lake Haina, magnesium industry parking
    .
    Taiwan's Formosa Plastics Mai Liao plant with an annual output of 494,000 tons is scheduled for maintenance
    from September 10-27.
    Qingsong Jianhua is expected to be overhauled
    in September.

    Upstream raw material market: the mainstream price of calcium carbide market in northwest China is 3000 yuan / ton, 0; the mainstream price in North China and Shandong 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 5420 lots, +420 lots intraday, in the historical high area
    .

    Main positions: the top 20 long positions in the main contract are 125714 lots, -2905 lots, short positions are 103498 lots, -2836 lots, and net positions are 22216 lots, net long decrease
    .

    Summary: The maintenance of domestic PVC enterprises is gradually finished, and the device has begun to resume work
    .
    PVC social inventory declined, but remained at a high level
    year-on-year.
    The spot market is trading calmly and prices are stable
    .
    Downstream merchants are cautious and wait-and-see, maintain as they go, and affected by the environmental protection and production restriction policy, it is expected that it will be difficult to improve the downstream construction in the short term, and the overall demand is limited
    .
    PVC futures prices opened high and lower, and there are no favorable factors to support them in the short term, and the price is expected to stabilize
    after continuing the over-bearish rebound state.
    In the long run, it is expected to continue the wide range of shocks
    .
    Focus on pressure around 6540 above, and support
    around 6340 below.

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