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PVC futures prices are weak and volatile, and upward pressure is greater

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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As of 11.
8 days, PVC futures prices were weak and volatile
.
Commodity market sentiment warms up; PVC supply side tightened in stages; The maintenance time of some devices ended on 11.
8 days, and the main PVC closed at 5854 yuan / ton (-1.
23%); Top 20 main long positions: 411163 (+2178) Short positions: 420184 (+5124); Net short position: 9021 (+1959).

PVC

Spot: as of 11.
8 East China (calcium carbide method) quotation: 6000 yuan / ton (0); South China (calcium carbide method) quotation: 6090 yuan / ton (0).

Blue charcoal: as of 11.
8 days Shaanxi 1558 yuan / ton (-18).

calcium carbide: as of 11.
8 days North China 4105 yuan / ton (-135).

PVC upstream supply was affected by production cuts and shutdowns, and the supply tightened, and the start of construction hit a new low in the year, and social inventories also declined
.
However, downstream demand has not reached an inflection point, and the current market inventory is still at a high level year-on-year, and demand will enter the off-season
.
January contracts are likely to show a "surplus" state
.
It is expected that PVC prices will remain under pressure and upward pressure will be greater
.

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