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    Home > Chemicals Industry > New Chemical Materials > PVC futures price narrow range finishing Pay attention to whether the support below is strong

    PVC futures price narrow range finishing Pay attention to whether the support below is strong

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Monday, the PVC V2109 contract reduced its position, and the futures price was sorted out in a narrow range, closing at 8905 on the day, +0 yuan from the previous trading day; Volume 405617 lots, open position 435109 lots, -23069, basis 195
    .

    PVC

    News: 1.
    Longzhong data statistics show that as of July 11, the domestic PVC social inventory was 147,900 tons, an increase of 6.
    10% month-on-month and a year-on-year decrease of 41.
    77%; Among them, East China was 107,900 tons, an increase of 6.
    41% month-on-month and a year-on-year decrease of 47.
    37%; South China was 40,000 tons, an increase of 5.
    26% month-on-month and a year-on-year decrease of 18.
    37%.

    2.
    The operating rate of PVC production enterprises increased slightly this week
    .
    Longzhong data shows that the operating rate of PVC production enterprises this week was 85.
    22%, an increase of 1.
    00% month-on-month and 8.
    30% year-on-year; Among them, the calcium carbide method was 86.
    10%, an increase of 2.
    49% month-on-month and 6.
    66% year-on-year; The ethylene method was 81.
    78%, down 4.
    87% month-on-month and up 14.
    79%
    year-on-year.

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9100 yuan / ton, -20
    .

    Warehouse receipt inventory: 2233 warehouse receipts, -0 sheets
    .
    Main positions: Top 20 long positions 307652, -12236; short positions 284024, -17085
    .
    Net increase
    .

    Summary: Last week, the PVC operating rate increased month-on-month and was higher than the same period last year, and market supply increased
    month-on-month.
    At present, the large-scale maintenance of PVC production enterprises has ended, and there are fewer maintenance enterprises in the later stage, and the operating rate of the PVC industry as a whole shows a rebound trend
    .
    Formosa Plastics lowered the July cargo quotation, and the start of PVC downstream products enterprises is still at a relatively low level, and only a few low-start companies have slightly increased
    .
    Some hard products enterprises continued to reduce negative production; Although the start of soft product enterprises is slightly better, the overall improvement has not been seen
    .
    Domestic PVC social inventories have decreased month-on-month, indicating that there is little pressure on production enterprises, and the central bank's RRR reduction has also formed a certain support
    for prices.
    The intraday V2109 contract is in a narrow range, and the night session focuses on whether the support below is strong
    .

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