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    Home > Chemicals Industry > New Chemical Materials > Domestic energy varieties are running strongly, and PVC prices rebound

    Domestic energy varieties are running strongly, and PVC prices rebound

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    As of 9.
    5 days, PVC futures prices followed the strong operation
    of domestic energy and chemical varieties.
    From the perspective of PVC's own fundamentals, it is not ruled out that the early shutdown of the plant will start a large amount in September; Social inventories remain high; Weak demand, the re-emergence of the epidemic in many places; The spot market has moved up in line with futures prices, but the transaction is not good
    .

    PVC

    Futures market: as of 9.
    5 days, the main PVC closed at 6404 yuan / ton, up 3.
    07% from the previous month; Top 20 main long positions: 272459 (-11039), short positions: 297979 (-7432), net short positions: 25520 (-4151).

    Spot and enterprise dynamics: as of 9.
    5 days, East China (calcium carbide method) quotation: 6570 yuan / ton (+70); South China (calcium carbide method) quotation: 6680 yuan / ton (+75); Taizhou Liancheng 600,000 tons of PVC plant started 6-7 percent, the intraday quotation is stable, the spot remittance price: us65, us60 at 6900 yuan / ton, us70 in 7000 yuan / ton, the actual order negotiation is the mainstay
    .
    Formosa Plastics Ningbo's 400,000-ton PVC plant began to shut down for maintenance on August 25 and is scheduled to be commissioned on September 6
    .
    At present, it mainly issues pre-orders, and the market is closed within the day and is not reported
    .

    Basis: 9.
    5 South China basis +276; East China basis +166; basis slightly weaker
    .
    Upstream raw materials: as of 9.
    5 days, North China calcium carbide quotation of 4090 yuan / ton, no change from the previous day's price; Shaanxi Lanchar quoted 1516 yuan / ton, no change
    from yesterday's price.

    Affected by the overall atmosphere of the chemical sector, PVC prices were strong during
    the day.
    From the supply side, with the easing of power cuts in some areas, combined with the resumption of production of parking devices in the early stage, it is not ruled out that the start of construction in early September may be improved; The wait-and-see atmosphere on the demand side is strong, and the willingness to purchase downstream is not strong, although it has gradually entered the peak season, but superimposed on the epidemic situation in various places, the demand situation is sluggish or difficult to change for a while; PVC price increases may be limited, maintain a cautious attitude towards PVC rebound, and maintain a wait-and-see
    attitude.

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