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Downstream enterprises have successively taken a holiday and PVC is the main force of narrow finishing

 Last Update: 2022-12-17
 Source: Internet
 Author: User

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On Monday, the PVC main V2005 contract was sorted out in a narrow range, closing at 6470 yuan / ton, -5 yuan from the previous trading day; Volume 68333 lots, +10569 lots; Position 197607 lots, -4819 lots, basis 280 yuan, +5 yuan; 5-9 spread 40 yuan, +20 yuan
.

PVC

News: PVC social inventory increased by 9.
15% month-on-month last week, down 0.
64% year-on-year, increased by 14.
04% month-on-month and 21.
50% year-on-year in East China, and decreased by 10.
71% month-on-month and 48.
98%
year-on-year in South China.
East China stocks are 130,000 tons, South China 25,000 tons
.

Spot market: the price of PVC market in Zhengzhou is stable, the downstream is on holiday, the purchase intention is general, the mainstream price of 5 types of material within the day is 6700-6750 yuan / ton around the delivery to the spot exchange including tax, the actual order can be negotiated
.

Warehouse receipt inventory: exchange warehouse receipts reported 7380 lots, +0 lots
within the day.
Main position: The top 20 long positions in the main contract are 134498 lots, -5973 lots, short positions are 145179 lots, -4205 lots, net positions are -10681 lots, net space increases
.

Summary: The operating rate of PVC production enterprises this week was 76.
55%, down 5.
34% from last week and 6.
89% lower than the same period last year, indicating that the market supply has decreased
.
PVC social inventory increased by 9.
15% month-on-month and decreased by 0.
64% year-on-year, indicating insufficient
market demand.
Downstream maintenance just need to purchase
.
Far futures source procurement is not active, and the psychology of high price resistance is enhanced
.
The domestic calcium carbide market stopped falling and stabilized, the market supply was in the stage of gradual consumption, and the downstream purchasing manufacturers increased their demand with the end of maintenance and the increase of load
.
These factors support the price of PVC
.
The long holiday is coming, and it is expected that downstream companies have taken a holiday this week, and demand will weaken
again.
In terms of operation, it is recommended that investors can reduce their holdings at high prices and drop their pockets
.

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