echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Market supply and demand are flat, and the main PVC contract fluctuates in a narrow range

    Market supply and demand are flat, and the main PVC contract fluctuates in a narrow range

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Market situation: PVC supply and demand are flat, PVC main V2001 contract fluctuated in a narrow range, closing at 6510 yuan / ton, 0% from the previous trading day; Volume 124062 lots; Position 311828 lots, -1702 lots, basis 170 yuan, 1-5 spread 105 yuan
    .

    PVC

    News: 1.
    The operating rate of PVC production enterprises in this cycle was 77.
    67%, down 0.
    43% month-on-month and 1.
    43%
    year-on-year.
    Among them, the operating rate of calcium carbide method increased by 0.
    42% month-on-month and decreased by 0.
    41% year-on-year; The ethylene method decreased by 4.
    48% month-on-month and 6.
    52%
    year-on-year.

    Upstream raw material market: the mainstream price of calcium carbide market in northwest China is 3000 yuan / ton, 0; the mainstream price in North China and Shandong is 3090 yuan / ton, 0
    .
    The price of CFR Far East in the Asian VCM market is 720 US dollars / ton, 0; CFR Southeast Asia is 750 US dollars / ton, 0
    .

    Spot market: The PVC spot market is trading calmly
    .
    The mainstream price of SG-5 type East China spot market is 6680 yuan / ton, +0; the mainstream price of SG-5 in South China market is 6780 yuan / ton, +0
    .
    Warehouse receipt inventory: Exchange warehouse receipts reported 7203 lots, +220 lots, which is in the historical high area
    .

    Main position: the top 20 long positions in the main contract are 123651 lots, -820 lots, short positions are 98767 lots, 1604 lots, short increase and decrease, net short increase
    .

    Summary: The operating rate of domestic PVC enterprises has declined, and the maintenance loss has increased
    .
    PVC social inventory continued to decline, but it remained at a high level
    year-on-year.
    Spot market companies raised prices slightly, and the trading atmosphere improved slightly
    .
    Downstream goods increased slightly, and the transaction atmosphere was mild
    .
    However, affected by the environmental protection and production restriction policy in the Beijing-Tianjin-Hebei region, it is expected that it will be difficult to improve in the short term, and the demand will have limited price pull
    .
    The V2001 contract fluctuates in a narrow range, the MACD red bar is elongated, and the pressure near the 60-day moving average can be paid attention to above, and the support
    near the 5-day line can be paid attention to below.
    Prices are expected to remain on the strong side.

    Operationally, it is recommended to rely on the five-day line to go long and stop at 6430
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.