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    Home > Chemicals Industry > New Chemical Materials > PVC futures price narrow range finishing is still in the accumulation stage

    PVC futures price narrow range finishing is still in the accumulation stage

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Tuesday, the PVC V2105 contract contracted and increased its position, and the futures price was narrowly sorted, closing at 8345 yuan on the day, +5 yuan from the previous trading day; Volume 365171 lot, position volume 296294 lot, +3316, basis 105
    .

    PVC

    News: 1, Longzhong Information reported on March 01: Last week, domestic PVC social inventory increased by 10.
    55% month-on-month, and decreased by 25.
    72% year-on-year; Among them, East China increased by 9.
    55% month-on-month and decreased by 15.
    52% year-on-year; South China increased by 14.
    16% month-on-month and decreased by 47.
    7%
    year-on-year.
    East China 269,500 tons, South China 77,400 tons
    .
    2.
    Among the 31 sample enterprises of Longzhong Information, the production capacity involved 15.
    41 million tons, and the sample operating rate was 87.
    8%, down 0.
    3%
    from last week.
    There are still indefinite time limits in Inner Mongolia, but the intensity is small
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 8450 yuan / ton, -100
    .

    Warehouse receipt inventory: 7572 warehouse receipts, -300 sheets
    .
    Main positions: Top 20 long positions 194687, +2177, short positions 221886, +2578
    .
    Increased
    headroom.

    Summary: It is rumored that some chemical companies in Texas have resumed production, but it will take time to fully resume work, and in Europe, the PVC plant Tavaux, due to the failure of the production line, the date of restart is undecided
    .
    South Korea, Taiwan, and India also have equipment for shutdown maintenance, and the United States, Europe and Asia have installed shutdown, and overseas supply is still tight
    .
    Domestically, although domestic PVC production in February fell month-on-month, it was still much higher than the same period last year, and production in the first two months of 2021 was also higher than the same period last year, indicating sufficient
    domestic supply.
    Downstream enterprises are affected by the New Year in their place of employment, and the resumption of work this year is significantly earlier
    than that in the later years.
    However, due to the rapid rise in prices after the holiday, the cost of enterprises has risen, and profit margins have been compressed, resulting in the operating rate of downstream enterprises not rising
    significantly.
    Last week, domestic PVC social inventories continued to rise, indicating that PVC is still in the accumulation stage, which is expected to limit the growth of PVC to some extent
    .

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