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On 7.
20, PVC prices rebounded
slightly on this day.
There are not many bright spots in the fundamentals, and the overall spot transaction is average
.
The fundamentals of the domestic PVC market have not changed much, the macro market atmosphere is calm, and the participants are in a wait-and-see mood
.
Futures market: as of 7.
20, the main PVC closed at 6445 yuan / ton (+1.
93%); Top 20 main long positions: 328719 (-3733), short positions: 370728 (-6996), net short positions: 42009 (-2619).
Spot market: as of 7.
20 days East China (calcium carbide method) quotation: 6500 yuan / ton (+70); South China (calcium carbide method) quotation: 6590 yuan / ton (+90).
Blue charcoal: as of 7.
20 days Shaanxi 1448 yuan / ton (0).
calcium carbide: as of 7.
20 days North China 4100 yuan / ton (-75).
Viewpoint: The pressure of pessimistic expectations has declined, and whether the medium-term rebound can continue to rebound still requires the cooperation of crude oil and macro, and on the whole, maintain the judgment
of the bottom shock.
There is a certain uncertainty in the future market, and it is appropriate
to wait and see.