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    Home > Chemicals Industry > New Chemical Materials > PVC futures continue to update all-time highs, showing that bulls still have the advantage

    PVC futures continue to update all-time highs, showing that bulls still have the advantage

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    On Tuesday, the PVC V2201 contract reduced its position, and the futures price continued to refresh its historical high, closing at 13215 on the day, +375 yuan from the previous trading day; Volume 1096139 lots, open position 412813 lots, -23436, basis 1385
    .

    PVC

    News: 1.
    Longzhong data statistics show that as of October 10, the domestic PVC social inventory was 194,500 tons, an increase of 7.
    76% month-on-month and a year-on-year decrease of 20.
    81%; Among them, East China was 157,500 tons, an increase of 8.
    25% month-on-month and a year-on-year decrease of 29.
    56%; South China was 37,000 tons, an increase of 5.
    71% month-on-month and 68.
    18%
    year-on-year.
    2.
    The NDRC said that the on-grid tariff
    for all coal-fired power generation electricity will be liberalized in an orderly manner.
    The floating range of the trading price of coal-fired power generation market will be expanded from the current increase of no more than 10% and the downward fluctuation of no more than 15% in principle, to the fluctuation of no more than 20% in principle, and the market trading price of high-energy-consuming enterprises will not be subject to
    the 20% increase.

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 14600 yuan / ton, +300
    .

    Warehouse receipt inventory: 6109 warehouse receipts, -760 sheets
    .
    Main positions: Top 20 long positions 267854, -5766, short positions 274826, -13823
    .
    Reduced
    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
    .
    Crude oil, coal and calcium carbide prices continued to rise after the holiday, which is expected to support
    prices.
    The intraday V2201 contract fluctuated to the upside and updated its recent high, indicating that the bulls still have the advantage
    .

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