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    Home > Chemicals Industry > New Chemical Materials > PVC fundamentals have not changed much, and terminal demand is still weak

    PVC fundamentals have not changed much, and terminal demand is still weak

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    As of 8.
    9, PVC prices are weak and volatile, the recent PVC fundamentals have not changed much, terminal demand is still weak, superimposed on the epidemic in some areas, the demand side is difficult to recover in the short term, although the raw material end gives PVC price support but social inventory still continues to be high, overall short-term market news is calm
    .

    PVC

    Futures market, as of 8.
    9 days PVC main close 6741 yuan / ton (-1.
    16%); Top 20 main long positions: 251338 (-16436), short positions: 267520 (-12494), net short positions: 16182 (+4983).

    Spot market, as of 8.
    9 days East China (calcium carbide method) quotation: 6730 yuan / ton (0); South China (calcium carbide method) quotation: 6810 yuan / ton (0).

    Basis: East China basis +79 yuan / ton as of 8.
    9 days; South China basis +79 yuan/ton; Slightly stronger
    than the previous day.
    Blue charcoal: As of 8.
    9 days, Shaanxi quoted 1240 yuan / ton, no price change
    from yesterday.
    calcium carbide: As of 8.
    9 days, North China quoted 4500 yuan / ton, no price change
    from yesterday.

    On the whole, PVC fundamentals have not changed much, and the early rebound may be affected by changes in market atmosphere and policy boosts, and PVC rebounds should be cautious before the fundamentals of PVC itself have not changed
    .
    In the later stage, attention should be paid to inventory, demand changes, and changes
    in macro expectations.

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