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    Home > Chemicals Industry > New Chemical Materials > PVC futures price dip recovery shows that the support below is still there

    PVC futures price dip recovery shows that the support below is still there

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    On Wednesday, the PVC V2201 contract increased its position, and the futures price rebounded, closing at 9660 on the day, +230 yuan from the previous trading day; Volume 934679 lots, position 524269 lots, +19371, basis 20
    .

    PVC

    News: 1.
    As of September 13, domestic PVC social inventory has accumulated
    for four consecutive weeks.
    Especially this week, when the upstream operating rate decreased by 6.
    66% compared with last week, the social inventory even increased, indicating that the downstream demand is average
    .
    2.
    Yulin Development and Reform Commission issued a notice
    on ensuring the completion of the dual control target task of energy consumption in 2021.
    It is expected that the dual control of energy consumption will be strengthened
    .
    calcium carbide enterprises continue to reduce production, and market supply is tight
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9980 yuan / ton, +20
    .

    Warehouse receipt inventory: 7969 warehouse receipts, -128 sheets
    .
    Main positions: the top 20 long positions 363750, +13213, short positions 312523, +7546
    .
    Net increase
    .

    Summary: PVC operating rate decreased month-on-month last week, and PVC market supply decreased
    .
    However, the domestic PVC social inventory has stopped falling and rebounded for many weeks, indicating that the market demand is insufficient
    .
    Last week, PVC downstream products enterprises started work slightly turned, but demand is still tepid
    .
    The operating rate of large enterprises has increased slightly, and small enterprises have been affected by raw material prices, and some have a negative phenomenon
    .
    Inner Mongolia power rationing is still the same, calcium carbide supply is tight
    .
    Recently, due to the dual control policy of energy consumption in many places, Yulin City required local coal chemical enterprises to reduce their output by 50% in the fourth quarter, and the impact on calcium carbide is expected to increase
    .
    Today's V2201 contract rebounded to the low, indicating that support below is still there
    .

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