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    Home > Chemicals Industry > New Chemical Materials > Disturbed by market sentiment, PVC may face a correction in the short term

    Disturbed by market sentiment, PVC may face a correction in the short term

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    As of August 4, crude oil prices soared and fell
    overnight.
    At present, the fundamentals of PVC itself have not changed much, mainly driven by macro sentiment and the overall disk
    .
    Combined with fundamentals, supply is still increasing, while downstream starts have not seen a significant improvement
    .
    Coupled with the off-season and the epidemic in various places, short-term PVC is likely to continue to maintain a surplus state
    .

    PVC

    Futures market: as of August 4, the main force of PVC closed at 6665 yuan / ton (-0.
    3%); Top 20 main long positions: 286216 (+11133), short positions: 301065 (+3393), net short positions: 14849 (-6003).

    Spot: as of August 4, East China (calcium carbide method) quotation: 6730 yuan / ton (-50); South China (calcium carbide method) quotation: 6790 yuan / ton (-110).

    Blue charcoal: As of August 4, Shaanxi 1246 yuan / ton (-72).

    calcium carbide: as of 8.
    4 days, North China 4470 yuan / ton (+45).

    Opinion: The market is facing high inventory pressure and August is in the traditional low season, and terminal order improvement is expected to be limited
    .
    Although disturbed by market sentiment, short-term or face adjustment, in the current PVC fundamentals have not changed much, the upper and lower space are limited
    .
    Disturbed by market sentiment, short-term may face correction
    .
    Mainly
    cautious wait-and-see.

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