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    Home > Chemicals Industry > New Chemical Materials > PVC contracts shrink and increase positions, and futures prices rebound

    PVC contracts shrink and increase positions, and futures prices rebound

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    On Wednesday, the PVC V2105 contract contracted and increased its position, and the futures price rebounded, closing at 7475 yuan on the day, -115 yuan from the previous trading day; Volume 304008, position 299258 lot, +4916, basis 775
    .

    PVC

    News: 1.
    The PVC market in Qilu Chemical City continues to fall, and the difficulty of local main sales shipments has increased, and some merchants are eager to ship, making real profits
    .
    The price of intraday traders was narrowly reduced, the mainstream price of calcium carbide 5 type material was about 8150-8200 yuan / ton, the price of Qilu material S1000 was 8250 yuan / ton, and the price of S700 was 8540 yuan / ton
    .
    2.
    Under the high pressure of environmental protection policy, some blue charcoal plants in Shenfu area plan to reduce production, about 35%-50%, at present, only some manufacturers have reduced production due to poor raw coal transportation, and the actual implementation of production reduction remains to be seen
    .
    As soon as the production restriction policy came out, some manufacturers offered to rise, and the downstream of Inner Mongolia did not respond to the increase
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 8250 yuan / ton, -200
    .

    Warehouse receipt inventory: 4141 warehouse receipts, +400 receipts
    .
    Main positions: Top 20 long positions 224465, +6559, short positions 206450, +4086
    .
    Net increase
    .

    Summary: PVC prices in Asia remain firm, and the strong trend of domestic calcium carbide prices supports PVC prices
    .
    However, after entering December, PVC inventories have accumulated for two consecutive weeks, and the supply-demand relationship may change
    in the later period as the weather turns cold, downstream enterprises stop work and the 1.
    2 million tons of new production and resumed production capacity gradually increase the load.
    At present, the price of PVC is at a historical high, resulting in obvious downstream losses, with the end of old orders, new orders reduce orders, or even do not accept orders, resulting in later demand or will decrease
    .
    In anticipation of increased supply and reduced demand, PVC is expected to have certain pullback requirements
    .
    In operation, investors can set the take profit for short orders in their hands and hold
    them cautiously.

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