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    Home > Chemicals Industry > New Chemical Materials > PVC futures prices continue to fluctuate and fall, and the bears still have the advantage

    PVC futures prices continue to fluctuate and fall, and the bears still have the advantage

    • 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 continued to fluctuate and fall, closing at 8359 on the day, -314 yuan from the previous trading day; Volume 820496 lots, open position 354207 lots, +19172, basis 941
    .

    PVC

    News: 1.
    This week, Asia's December PVC pre-sale shipping schedule quotation is expected to be announced, and Longzhong believes that the new quotation in December will be lowered by about 150 US dollars / ton compared with November
    .
    2.
    The current downward momentum of the blue charcoal market has slowed down
    .
    Downstream enterprises gradually resumed rational procurement, and the fluctuation of blue charcoal cost slowed down
    .
    With the recovery of just-needed procurement, the bottom of blue charcoal has appeared
    .

    Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9300 yuan / ton, -100
    .

    Warehouse receipt inventory: 5023 warehouse receipts, +0 sheets
    .
    Main positions: Top 20 long positions 216357, +1949, short positions 237103, +14497
    .
    Increased
    headroom.

    Summary: Last week, the operating rate of PVC production enterprises reported 73.
    91%, an increase of 1.
    93% month-on-month and a year-on-year decrease of 3.
    79%; PVC production increased slightly to 406,100 tons, up 2.
    77% month-on-month and down 1.
    85%
    year-on-year.
    As calcium carbide cost prices fall, PVC companies' operating load expectations have rebounded slightly this week, and market supply is expected to increase
    .
    Last week, PVC downstream products enterprises started basically stable, East China power rationing was basically canceled, and enterprises adjusted production
    according to their own orders.
    Winter is coming, terminal demand is not good, and orders have not increased
    significantly.
    Demand is expected to weaken
    as the weather gets colder.
    As of November 14, the domestic PVC social inventory was 155,600 tons, an increase of 1.
    17% month-on-month and 20.
    34% year-on-year, indicating that the current inventory has been higher than the same period last year, indicating that the recovery of downstream demand is insufficient
    .
    The V2201 contract was volatile lower during the day, indicating that the bears still have the advantage
    .

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