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    Home > Chemicals Industry > New Chemical Materials > PVC contracts reduce positions and futures prices are weak and low

    PVC contracts reduce positions and futures prices are weak and low

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    On Thursday, the PVC V2201 contract reduced its position, and the futures price was weak and low, closing 117155 the day, -915 yuan compared with the previous trading day; Volume 1609683 lots, open position 298783 lots, -98896, basis 1085
    .

    PVC

    News: 1.
    With the implementation of various production increase measures, coal production in Inner Mongolia has increased
    significantly.
    In early October, the daily output of coal in the region increased to more than 3 million tons, reaching 3.
    27 million tons on October 9, and the main production area of Ordos City reached 2.
    34 million tons, both the highest levels
    this year.
    With the support of the National Development and Reform Commission and the State Mine Safety Supervision Bureau, Inner Mongolia has approved three batches of coal increase mine capacity of 138 million tons
    .
    2.
    After the landing of the electricity price floating policy, the production cost of calcium carbide will face a greater increase, because China mainly uses calcium carbide method to produce PVC, it is expected that the cost of PVC will still rise
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 12800 yuan / ton, -1200.

    Warehouse receipt inventory: 5993 warehouse receipts, -338 sheets
    .
    Main positions: Top 20 long positions 182041, -71742, short positions 211774, -59603
    .
    Increased
    headroom.

    Summary: Last week, the overall start of domestic PVC production enterprises was still low, and the overall start remained about 5-6%, and some enterprises also stopped
    .
    Market supply is below the level of the
    same period last year.
    PVC downstream enterprises work half and stop.

    In addition to the reduction in the high cost of raw materials, large enterprises are on holiday, and the pre-holiday power cuts in some regions have led to a significant weakening of demand during the festival, but the demand in unrestricted areas has remained good
    .
    It is rumored that power cuts have been relaxed in some areas, calcium carbide supply has increased compared with the previous period, and most of the coal mines that stopped production in Shanxi have resumed production, which is expected to alleviate the pattern of coal shortage and is expected to suppress
    the price of PVC.
    The V2201 contract continued to retreat sharply during the day, indicating that the bears still have the advantage
    .

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