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    Home > Chemicals Industry > New Chemical Materials > The supply of PVC market has increased, and the futures price has soared and fallen

    The supply of PVC market has increased, and the futures price has soared and fallen

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    On Thursday, the PVC V2101 contract reduced its position, and the futures price rushed back down, closing at 8200 yuan on the day, +210 yuan from the previous trading day; Volume 339511 lots, position volume 200046 lots, -30563, basis 800
    .

    PVC

    News: 1, the United States Formosa Plastics and Westlake Chemical have not resumed driving, affected by the epidemic, the US chlor-alkali operating rate is still low, October start maintenance at 73%, manufacturers said that caustic soda will not increase before PVC does not increase
    .
    Even if the force majeure is lifted in the United States, the market expects prices to remain high in the first quarter of 2021, with Shin-Etsu saying that its prices continued to rise 8 cents/lb in January, Western Chemical rose 3 cents/lb, Westlake and Formosa Plastics also rose 3 cents/lb, and U.
    S.
    real estate demand continued to drive PVC positive
    .
    2.
    Longzhong Information reported on December 10: The power rationing in the Wuhai Wumeng area was lifted, the supply of calcium carbide was restored, and 4 sets of 40500KVA and 2 sets of 63000KVA calcium carbide devices of Shaanxi Beiyuan Group Jinyuan Chemical Co.
    , Ltd.
    are currently all in production
    .
    However, due to environmental protection, the supply in Ningxia has decreased
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9000 yuan / ton, +150
    .
    Warehouse receipt inventory: 101 warehouse receipts, -0 sheets
    .

    Main positions: Top 20 long positions 134215, -21604; short positions 146273, -14719
    .
    Increased
    headroom.

    Summary: In December, PVC has new installations and production plans, and the company's maintenance equipment has decreased, and the market supply is expected to increase
    .
    However, affected by the maintenance and temporary shutdown of equipment in Europe, the United States, South Korea and Japan, the supply of PVC in Europe, the United States, South Korea and Japan has decreased, the price trend is firm, Taiwan Formosa plans to raise the price of PVC in Asia, the domestic calcium carbide price continues to rise, and the domestic PVC social inventory has decreased month-on-month, these factors have supported the price
    .
    In terms of operation, investors can reduce their holdings at high prices and drop their pockets for safety
    .

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