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    Home > Chemicals Industry > New Chemical Materials > Downstream demand recovery is insufficient PVC fell slightly

    Downstream demand recovery is insufficient PVC fell slightly

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    The PVCV2009 contract fell slightly on Thursday, closing at 5400 yuan / ton, -45 yuan from the previous trading day; Volume 155036,-55182 lots; Position 208639 lots, +2204 lots, basis 45 yuan, +20 yuan; 5-9 spread: 55 yuan, +15 yuan
    .

    PVC

    News: Domestic PVC production in March 2020 was 1.
    7624 million tons, an increase of 18.
    31% from February and 5.
    03% from last year; The cumulative output from January to March was 5.
    0422 million tons, an increase of 1.
    87%
    over last year.
    In March, Russia's pure PVC production was 89,900 tons, an increase of 4,500 tons or 5.
    27%
    from February.
    From January to March 2020, Russia's total PVC production was 267,100 tons, an increase of 3%
    over the same period last year.

    Affected by the epidemic, global PVC prices continued to fall
    .
    U.
    S.
    export prices fell $10/mt from last week to $600-620/mt FAS Houston, a four-year low
    .
    U.
    S.
    PVC export prices have fallen 28%
    since mid-March.
    The benchmark price in the Asian market also plunged by $100/mt at $620/mt CFR China/Southeast Asia and $660/mt CFR India, the lowest since January 2009
    .
    European PVC spot fell 20 euros/ton at 660 euros/mt FD northwest Europe, and Turkey fell $50/mt at $750/mt
    .

    Spot market: Qilu Chemical City PVC market sideways, intraday price narrow adjustment, calcium carbide method 5 type material price is about 5640 yuan / ton, ethylene method S1000 price is 5670 yuan / ton, S700 price is 5730 yuan / ton, the transaction situation is general
    .

    Warehouse receipt inventory: exchange warehouse receipt reported 162 lots, +0 lots
    within the day.
    Main position: The top 20 long positions in the main contract are 138976 lots, +1929 lots, short positions are 138524 lots, +488 lots, net positions are 452 lots, net short to net long
    .

    Summary: Although PVC social inventory fell slightly month-on-month, it was still much higher than the same period last year, indicating that downstream demand recovery was insufficient
    .
    Asia, Europe and the United States PVC prices have fallen significantly, and Formosa Plastics also lowered the price of PVC in May, in addition, due to India's extended lockdown time, perhaps Asian goods will accelerate the flow to China, increasing domestic supply pressure, these factors have formed a certain suppression
    of prices on prices.
    Operationally, short orders in the hands of investors can be held
    cautiously.

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